Highly correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
Stellar
XLM
|
0.45230436 |
details, prediction |
TRON
TRX
|
0.059684396 |
details, prediction |
ZCash
ZEC
|
-0.22398198 |
details, prediction |
Crypto.com Chain
CRO
|
-0.37297416 |
details, prediction |
Binance Coin
BNB
|
-0.45236388 |
details, prediction |
|
Second tier
|
Dai
DAI
|
0.9548997 |
details, prediction |
True USD
TUSD
|
0.37384766 |
details, prediction |
Telcoin
TEL
|
0.26563627 |
details, prediction |
OriginTrail
TRAC
|
0.107796125 |
details, prediction |
Verge
XVG
|
-0.30494085 |
details, prediction |
|
Third tier
|
FunFair
FUN
|
0.84882784 |
details, prediction |
Komodo
KMD
|
0.42909822 |
details, prediction |
NKN
NKN
|
0.06663144 |
details, prediction |
Matrix AI Network
MAN
|
0.055149194 |
details, prediction |
Wanchain
WAN
|
-0.019585801 |
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
|
Bitcoin
BTC
|
-0.84060514 |
details, prediction |
Ethereum
ETH
|
-0.77182007 |
details, prediction |
ChainLink
LINK
|
-0.7561481 |
details, prediction |
Dogecoin
DOGE
|
-0.7538493 |
details, prediction |
Monero
XMR
|
-0.7290308 |
details, prediction |
|
Second tier
|
Theta
THETA
|
-0.8791429 |
details, prediction |
Horizen
ZEN
|
-0.83657676 |
details, prediction |
0x
ZRX
|
-0.792453 |
details, prediction |
Bitcoin SV
BSV
|
-0.7714456 |
details, prediction |
iEx.ec
RLC
|
-0.7661405 |
details, prediction |
|
Third tier
|
LAToken
LA
|
-0.949708 |
details, prediction |
Bancor
BNT
|
-0.7658412 |
details, prediction |
ICON
ICX
|
-0.7641376 |
details, prediction |
HEROcoin
PLAY
|
-0.75210947 |
details, prediction |
Enjin Coin
ENJ
|
-0.7445484 |
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)