Highly correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
Ethereum Classic
ETC
|
0.9803131 |
details, prediction |
Stellar
XLM
|
0.9756277 |
details, prediction |
Litecoin
LTC
|
0.9742999 |
details, prediction |
Ethereum
ETH
|
0.9479167 |
details, prediction |
ZCash
ZEC
|
0.94194216 |
details, prediction |
|
Second tier
|
EOS
EOS
|
0.97384757 |
details, prediction |
DASH
DASH
|
0.9736885 |
details, prediction |
Telcoin
TEL
|
0.9513521 |
details, prediction |
Synthetix Network Token
SNX
|
0.95118105 |
details, prediction |
Basic Attention Token
BAT
|
0.9423391 |
details, prediction |
|
Third tier
|
Kleros
PNK
|
0.98142916 |
details, prediction |
Phantasma
SOUL
|
0.960607 |
details, prediction |
Lisk
LSK
|
0.9558833 |
details, prediction |
Bancor
BNT
|
0.9549542 |
details, prediction |
ICON
ICX
|
0.9253246 |
details, prediction |
This report should be leaned to get most info about heading trends.
It means that Cardano 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 Cardano
Low correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
TRON
TRX
|
-0.47672275 |
details, prediction |
Binance Coin
BNB
|
0.5719307 |
details, prediction |
Dogecoin
DOGE
|
0.57425666 |
details, prediction |
UNUS SED LEO
LEO
|
0.5841414 |
details, prediction |
Bitcoin Cash
BCH
|
0.75042063 |
details, prediction |
|
Second tier
|
Dai
DAI
|
-0.5726642 |
details, prediction |
True USD
TUSD
|
-0.10938202 |
details, prediction |
Decred
DCR
|
-0.102416985 |
details, prediction |
Zilliqa
ZIL
|
0.14046094 |
details, prediction |
Verge
XVG
|
0.22738528 |
details, prediction |
|
Third tier
|
Constellation
DAG
|
-0.40964276 |
details, prediction |
HEROcoin
PLAY
|
-0.34771 |
details, prediction |
Dero
DERO
|
-0.09223725 |
details, prediction |
BABB
BAX
|
-0.029730596 |
details, prediction |
BOScoin
BOS
|
0.32974726 |
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)