Highly correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
Stellar
XLM
|
0.44000354 |
details, prediction |
TRON
TRX
|
-0.052909937 |
details, prediction |
KuCoin Shares
KCS
|
-0.23836924 |
details, prediction |
ZCash
ZEC
|
-0.34228668 |
details, prediction |
Monero
XMR
|
-0.6331221 |
details, prediction |
|
Second tier
|
Dai
DAI
|
0.96678966 |
details, prediction |
True USD
TUSD
|
0.6215 |
details, prediction |
Crypto.com Chain
CRO
|
-0.08338798 |
details, prediction |
Telcoin
TEL
|
-0.17970309 |
details, prediction |
DigiByte
DGB
|
-0.30809253 |
details, prediction |
|
Third tier
|
Phantasma
SOUL
|
0.6037642 |
details, prediction |
Achain
ACT
|
0.37392515 |
details, prediction |
Matrix AI Network
MAN
|
0.32383698 |
details, prediction |
Propy
PRO
|
0.24794675 |
details, prediction |
BABB
BAX
|
-0.07883253 |
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
|
Cardano
ADA
|
-0.8460998 |
details, prediction |
Bitcoin Cash
BCH
|
-0.8123672 |
details, prediction |
Litecoin
LTC
|
-0.72623914 |
details, prediction |
Dogecoin
DOGE
|
-0.72562444 |
details, prediction |
Bitcoin
BTC
|
-0.7221232 |
details, prediction |
|
Second tier
|
Bitcoin Gold
BTG
|
-0.8280248 |
details, prediction |
Vechain
VET
|
-0.8122816 |
details, prediction |
Horizen
ZEN
|
-0.78327245 |
details, prediction |
Theta
THETA
|
-0.7783984 |
details, prediction |
Decred
DCR
|
-0.7504332 |
details, prediction |
|
Third tier
|
SysCoin
SYS
|
-0.93404067 |
details, prediction |
AdEx
ADX
|
-0.7976138 |
details, prediction |
IoTeX
IOTX
|
-0.7698865 |
details, prediction |
QuarkChain
QKC
|
-0.7672776 |
details, prediction |
ARK
ARK
|
-0.7379753 |
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)