Highly correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
Bitcoin Cash
BCH
|
0.98078436 |
details, prediction |
Ethereum Classic
ETC
|
0.9591386 |
details, prediction |
Bitcoin
BTC
|
0.9576115 |
details, prediction |
XRP
XRP
|
0.94787115 |
details, prediction |
Litecoin
LTC
|
0.946612 |
details, prediction |
|
Second tier
|
Theta Fuel
TFUEL
|
0.97821045 |
details, prediction |
Horizen
ZEN
|
0.9777584 |
details, prediction |
0x
ZRX
|
0.97586894 |
details, prediction |
QTUM
QTUM
|
0.9743104 |
details, prediction |
Tezos
XTZ
|
0.9733336 |
details, prediction |
|
Third tier
|
Gas
GAS
|
0.97090995 |
details, prediction |
ARK
ARK
|
0.95672786 |
details, prediction |
Lisk
LSK
|
0.9558483 |
details, prediction |
Civic
CVC
|
0.9541446 |
details, prediction |
Kyber Network
KNC
|
0.95127016 |
details, prediction |
This report should be leaned to get most info about heading trends.
It means that Vechain 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 Vechain
Low correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
Stellar
XLM
|
-0.35244557 |
details, prediction |
TRON
TRX
|
0.39181733 |
details, prediction |
ZCash
ZEC
|
0.6170298 |
details, prediction |
Monero
XMR
|
0.6483556 |
details, prediction |
Binance Coin
BNB
|
0.7778231 |
details, prediction |
|
Second tier
|
Dai
DAI
|
-0.87927 |
details, prediction |
USD//Coin
USDC
|
-0.8122816 |
details, prediction |
True USD
TUSD
|
-0.29673406 |
details, prediction |
DigiByte
DGB
|
0.22062144 |
details, prediction |
Telcoin
TEL
|
0.7166386 |
details, prediction |
|
Third tier
|
Propy
PRO
|
-0.14716245 |
details, prediction |
Phantasma
SOUL
|
0.002066728 |
details, prediction |
Matrix AI Network
MAN
|
0.014614781 |
details, prediction |
NKN
NKN
|
0.1680546 |
details, prediction |
OPEN Platform
OPEN
|
0.21142356 |
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)