Highly correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
Bitcoin
BTC
|
0.958436 |
details, prediction |
Litecoin
LTC
|
0.9473841 |
details, prediction |
Ethereum Classic
ETC
|
0.9388264 |
details, prediction |
Ethereum
ETH
|
0.9373419 |
details, prediction |
Stellar
XLM
|
0.9124802 |
details, prediction |
|
Second tier
|
EOS
EOS
|
0.96851426 |
details, prediction |
Synthetix Network Token
SNX
|
0.95230126 |
details, prediction |
Telcoin
TEL
|
0.93166214 |
details, prediction |
DASH
DASH
|
0.9305168 |
details, prediction |
Status
SNT
|
0.92606276 |
details, prediction |
|
Third tier
|
Kleros
PNK
|
0.96758926 |
details, prediction |
Streamr DATAcoin
DATA
|
0.95539 |
details, prediction |
SwftCoin
SWFTC
|
0.9039919 |
details, prediction |
Lisk
LSK
|
0.9031077 |
details, prediction |
ARK
ARK
|
0.9014238 |
details, prediction |
This report should be leaned to get most info about heading trends.
It means that Monero 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 Monero
Low correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
TRON
TRX
|
-0.56104535 |
details, prediction |
UNUS SED LEO
LEO
|
0.5061985 |
details, prediction |
Bitcoin Cash
BCH
|
0.6329494 |
details, prediction |
Dogecoin
DOGE
|
0.679399 |
details, prediction |
Binance Coin
BNB
|
0.75298643 |
details, prediction |
|
Second tier
|
Dai
DAI
|
-0.41679183 |
details, prediction |
Decred
DCR
|
-0.14041366 |
details, prediction |
True USD
TUSD
|
0.11201993 |
details, prediction |
Zilliqa
ZIL
|
0.3320878 |
details, prediction |
Verge
XVG
|
0.39515695 |
details, prediction |
|
Third tier
|
Ontology
ONT
|
-0.10708254 |
details, prediction |
Dent
DENT
|
0.06093643 |
details, prediction |
OPEN Platform
OPEN
|
0.09395349 |
details, prediction |
Propy
PRO
|
0.17098777 |
details, prediction |
NKN
NKN
|
0.19480419 |
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)