Highly correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
TRON
TRX
|
0.5992464 |
details, prediction |
ZCash
ZEC
|
0.20158291 |
details, prediction |
KuCoin Shares
KCS
|
0.18552643 |
details, prediction |
Dogecoin
DOGE
|
0.16993086 |
details, prediction |
Bitcoin
BTC
|
0.07900838 |
details, prediction |
|
Second tier
|
USD//Coin
USDC
|
0.5978918 |
details, prediction |
Chiliz
CHZ
|
0.4677058 |
details, prediction |
Ravencoin
RVN
|
0.3395667 |
details, prediction |
iEx.ec
RLC
|
0.2945006 |
details, prediction |
FTX Token
FTT
|
0.2765394 |
details, prediction |
|
Third tier
|
NKN
NKN
|
0.6217707 |
details, prediction |
Phantasma
SOUL
|
0.48605138 |
details, prediction |
Ontology
ONT
|
0.4485292 |
details, prediction |
Metal
MTL
|
0.3973122 |
details, prediction |
OPEN Platform
OPEN
|
0.39199066 |
details, prediction |
This report should be leaned to get most info about heading trends.
It means that True USD price can be leaded by other, more mighty cryptocurrency, or maybe some market trend have affect on it.
It can be confidently asserted that any crypto currency has a significant dependence on the market as a whole and, in particular, the top 3 currencies -
Bitcoin,
Ethereum and
Ripple, so the prediction of their prices will affect the price of True USD
Low correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
Crypto.com Chain
CRO
|
-0.6733426 |
details, prediction |
Cardano
ADA
|
-0.46093303 |
details, prediction |
XRP
XRP
|
-0.42598903 |
details, prediction |
Binance Coin
BNB
|
-0.24758582 |
details, prediction |
Litecoin
LTC
|
-0.14844863 |
details, prediction |
|
Second tier
|
Decred
DCR
|
-0.8336091 |
details, prediction |
DigiByte
DGB
|
-0.7734584 |
details, prediction |
Telcoin
TEL
|
-0.7008901 |
details, prediction |
OriginTrail
TRAC
|
-0.6113581 |
details, prediction |
Bitcoin Gold
BTG
|
-0.59859294 |
details, prediction |
|
Third tier
|
Matrix AI Network
MAN
|
-0.72854704 |
details, prediction |
NEM
XEM
|
-0.6572243 |
details, prediction |
Stox
STX
|
-0.64424205 |
details, prediction |
BABB
BAX
|
-0.61774975 |
details, prediction |
SingularityNET
AGI
|
-0.5797263 |
details, prediction |
This report should be leaned to build highly diversified portfolio.
It makes sense to mention that a low correlation in this case includes not only coins whose movements are not statistically related but, on the contrary, move in opposite directions (in the case of a negative value of the parameter)