Highly correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
Bitcoin
BTC
|
0.9567533 |
details, prediction |
Litecoin
LTC
|
0.9463366 |
details, prediction |
Bitcoin Cash
BCH
|
0.94628006 |
details, prediction |
XRP
XRP
|
0.93814504 |
details, prediction |
Ethereum Classic
ETC
|
0.91442347 |
details, prediction |
|
Second tier
|
Vechain
VET
|
0.9513461 |
details, prediction |
Decentraland
MANA
|
0.94241464 |
details, prediction |
Tezos
XTZ
|
0.93850213 |
details, prediction |
Theta Fuel
TFUEL
|
0.9371423 |
details, prediction |
0x
ZRX
|
0.93482435 |
details, prediction |
|
Third tier
|
Bancor
BNT
|
0.9365354 |
details, prediction |
Gas
GAS
|
0.92970496 |
details, prediction |
Civic
CVC
|
0.9193449 |
details, prediction |
ARK
ARK
|
0.9157936 |
details, prediction |
Internet of Services
IOST
|
0.9021866 |
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
|
Stellar
XLM
|
-0.49053025 |
details, prediction |
TRON
TRX
|
0.32904878 |
details, prediction |
ZCash
ZEC
|
0.46299118 |
details, prediction |
KuCoin Shares
KCS
|
0.7893379 |
details, prediction |
Binance Coin
BNB
|
0.81291616 |
details, prediction |
|
Second tier
|
USD//Coin
USDC
|
-0.8576341 |
details, prediction |
Dai
DAI
|
-0.78540677 |
details, prediction |
True USD
TUSD
|
-0.5064641 |
details, prediction |
Telcoin
TEL
|
0.38186097 |
details, prediction |
DigiByte
DGB
|
0.46693626 |
details, prediction |
|
Third tier
|
Propy
PRO
|
-0.15926293 |
details, prediction |
Phantasma
SOUL
|
-0.047238376 |
details, prediction |
Matrix AI Network
MAN
|
0.13746178 |
details, prediction |
V Systems
VSYS
|
0.15981737 |
details, prediction |
BABB
BAX
|
0.17199734 |
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)