Highly correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
ChainLink
LINK
|
0.9622696 |
details, prediction |
Crypto.com Chain
CRO
|
0.92038167 |
details, prediction |
Ethereum Classic
ETC
|
0.7932485 |
details, prediction |
Stellar
XLM
|
0.74241537 |
details, prediction |
Litecoin
LTC
|
0.717503 |
details, prediction |
|
Second tier
|
Vechain
VET
|
0.9804777 |
details, prediction |
Chiliz
CHZ
|
0.97929263 |
details, prediction |
Theta
THETA
|
0.97852564 |
details, prediction |
Cosmos
ATOM
|
0.97836477 |
details, prediction |
Bitcoin SV
BSV
|
0.97403353 |
details, prediction |
|
Third tier
|
V Systems
VSYS
|
0.8418923 |
details, prediction |
Phantasma
SOUL
|
0.8257076 |
details, prediction |
SwftCoin
SWFTC
|
0.8181121 |
details, prediction |
Power Ledger
POWR
|
0.8117862 |
details, prediction |
Metal
MTL
|
0.80820537 |
details, prediction |
This report should be leaned to get most info about heading trends.
It means that USD//Coin 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 USD//Coin
Low correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
TRON
TRX
|
-0.59921306 |
details, prediction |
UNUS SED LEO
LEO
|
0.12964347 |
details, prediction |
Binance Coin
BNB
|
0.16621539 |
details, prediction |
Dogecoin
DOGE
|
0.21875596 |
details, prediction |
XRP
XRP
|
0.42638436 |
details, prediction |
|
Second tier
|
Dai
DAI
|
-0.6593196 |
details, prediction |
Decred
DCR
|
-0.26823407 |
details, prediction |
True USD
TUSD
|
0.07869267 |
details, prediction |
Verge
XVG
|
0.09661844 |
details, prediction |
Zilliqa
ZIL
|
0.34277532 |
details, prediction |
|
Third tier
|
HEROcoin
PLAY
|
-0.3743504 |
details, prediction |
Dero
DERO
|
-0.05822783 |
details, prediction |
Dent
DENT
|
0.041495208 |
details, prediction |
Ontology
ONT
|
0.06306895 |
details, prediction |
Constellation
DAG
|
0.098471746 |
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)