Highly correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
Crypto.com Chain
CRO
|
0.90197027 |
details, prediction |
Bitcoin Cash
BCH
|
0.8460542 |
details, prediction |
Cardano
ADA
|
0.7919771 |
details, prediction |
Litecoin
LTC
|
0.77082187 |
details, prediction |
KuCoin Shares
KCS
|
0.7540247 |
details, prediction |
|
Second tier
|
Decred
DCR
|
0.9150034 |
details, prediction |
Bitcoin Gold
BTG
|
0.8728424 |
details, prediction |
Waves
WAVES
|
0.84108096 |
details, prediction |
Siacoin
SC
|
0.8387279 |
details, prediction |
aelf
ELF
|
0.81368494 |
details, prediction |
|
Third tier
|
Dent
DENT
|
0.93896925 |
details, prediction |
PIVX
PIVX
|
0.92955273 |
details, prediction |
SingularityNET
AGI
|
0.9231267 |
details, prediction |
Steem
STEEM
|
0.8644882 |
details, prediction |
LAToken
LA
|
0.8519262 |
details, prediction |
This report should be leaned to get most info about heading trends.
It means that Verge 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 Verge
Low correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
Stellar
XLM
|
-0.5276663 |
details, prediction |
ZCash
ZEC
|
-0.42150953 |
details, prediction |
TRON
TRX
|
-0.11761192 |
details, prediction |
Monero
XMR
|
0.16232331 |
details, prediction |
Binance Coin
BNB
|
0.28332275 |
details, prediction |
|
Second tier
|
True USD
TUSD
|
-0.42799535 |
details, prediction |
Telcoin
TEL
|
-0.3901569 |
details, prediction |
USD//Coin
USDC
|
-0.30494085 |
details, prediction |
OriginTrail
TRAC
|
-0.29135397 |
details, prediction |
Dai
DAI
|
-0.20255911 |
details, prediction |
|
Third tier
|
Chronobank
TIME
|
-0.60003024 |
details, prediction |
OPEN Platform
OPEN
|
-0.22860914 |
details, prediction |
V Systems
VSYS
|
-0.14924216 |
details, prediction |
Enjin Coin
ENJ
|
0.09308032 |
details, prediction |
Komodo
KMD
|
0.20158397 |
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)