Highly correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
TRON
TRX
|
0.30130213 |
details, prediction |
KuCoin Shares
KCS
|
0.10522497 |
details, prediction |
Stellar
XLM
|
0.08252009 |
details, prediction |
Bitcoin Cash
BCH
|
-0.23328169 |
details, prediction |
Ethereum Classic
ETC
|
-0.3003662 |
details, prediction |
|
Second tier
|
True USD
TUSD
|
0.99211323 |
details, prediction |
Ravencoin
RVN
|
0.77545273 |
details, prediction |
aelf
ELF
|
0.7106235 |
details, prediction |
Telcoin
TEL
|
0.5106008 |
details, prediction |
Chiliz
CHZ
|
0.441663 |
details, prediction |
|
Third tier
|
Storj
STORJ
|
0.81884086 |
details, prediction |
ICON
ICX
|
0.7591518 |
details, prediction |
Matrix AI Network
MAN
|
0.7364991 |
details, prediction |
Propy
PRO
|
0.6154354 |
details, prediction |
NKN
NKN
|
0.5807653 |
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
|
Monero
XMR
|
-0.72104645 |
details, prediction |
Binance Coin
BNB
|
-0.68142825 |
details, prediction |
ZCash
ZEC
|
-0.65536314 |
details, prediction |
Cardano
ADA
|
-0.6296701 |
details, prediction |
Ethereum
ETH
|
-0.6230323 |
details, prediction |
|
Second tier
|
Horizen
ZEN
|
-0.6690259 |
details, prediction |
DASH
DASH
|
-0.64928645 |
details, prediction |
Decred
DCR
|
-0.6386477 |
details, prediction |
Vechain
VET
|
-0.610666 |
details, prediction |
QTUM
QTUM
|
-0.56276757 |
details, prediction |
|
Third tier
|
Dent
DENT
|
-0.5960763 |
details, prediction |
QuarkChain
QKC
|
-0.5635984 |
details, prediction |
Metal
MTL
|
-0.5603356 |
details, prediction |
Lisk
LSK
|
-0.52396315 |
details, prediction |
Stox
STX
|
-0.5133211 |
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)