Highly correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
TRON
TRX
|
0.31079555 |
details, prediction |
KuCoin Shares
KCS
|
0.15372142 |
details, prediction |
Stellar
XLM
|
0.114352904 |
details, prediction |
Bitcoin Cash
BCH
|
-0.20634097 |
details, prediction |
Ethereum Classic
ETC
|
-0.27125686 |
details, prediction |
|
Second tier
|
USD//Coin
USDC
|
0.99211323 |
details, prediction |
Ravencoin
RVN
|
0.76024085 |
details, prediction |
aelf
ELF
|
0.71594065 |
details, prediction |
Telcoin
TEL
|
0.5444503 |
details, prediction |
Chiliz
CHZ
|
0.47845823 |
details, prediction |
|
Third tier
|
Storj
STORJ
|
0.81740034 |
details, prediction |
ICON
ICX
|
0.7323966 |
details, prediction |
Matrix AI Network
MAN
|
0.7036479 |
details, prediction |
Propy
PRO
|
0.60932785 |
details, prediction |
PIVX
PIVX
|
0.5589651 |
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
|
Monero
XMR
|
-0.6938394 |
details, prediction |
Binance Coin
BNB
|
-0.65006036 |
details, prediction |
ZCash
ZEC
|
-0.6321919 |
details, prediction |
Cardano
ADA
|
-0.611329 |
details, prediction |
Ethereum
ETH
|
-0.5963317 |
details, prediction |
|
Second tier
|
Horizen
ZEN
|
-0.638988 |
details, prediction |
Decred
DCR
|
-0.6332154 |
details, prediction |
DASH
DASH
|
-0.6194222 |
details, prediction |
Vechain
VET
|
-0.58390045 |
details, prediction |
DigiByte
DGB
|
-0.53870744 |
details, prediction |
|
Third tier
|
Dent
DENT
|
-0.5622662 |
details, prediction |
QuarkChain
QKC
|
-0.53638303 |
details, prediction |
Metal
MTL
|
-0.53332037 |
details, prediction |
Lisk
LSK
|
-0.505604 |
details, prediction |
Stox
STX
|
-0.4733511 |
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)