Highly correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
KuCoin Shares
KCS
|
0.85515785 |
details, prediction |
Crypto.com Chain
CRO
|
0.8226454 |
details, prediction |
Ethereum Classic
ETC
|
0.81750584 |
details, prediction |
Cardano
ADA
|
0.786579 |
details, prediction |
Bitcoin Cash
BCH
|
0.7580755 |
details, prediction |
|
Second tier
|
QTUM
QTUM
|
0.93390256 |
details, prediction |
iEx.ec
RLC
|
0.93131995 |
details, prediction |
Decentraland
MANA
|
0.9188654 |
details, prediction |
Synthetix Network Token
SNX
|
0.9128378 |
details, prediction |
Status
SNT
|
0.9021881 |
details, prediction |
|
Third tier
|
Loopring
LRC
|
0.95636356 |
details, prediction |
ICON
ICX
|
0.94725686 |
details, prediction |
Power Ledger
POWR
|
0.9384721 |
details, prediction |
Storj
STORJ
|
0.93569183 |
details, prediction |
Bancor
BNT
|
0.8931377 |
details, prediction |
This report should be leaned to get most info about heading trends.
It means that AdEx 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 AdEx
Low correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
TRON
TRX
|
-0.61937994 |
details, prediction |
UNUS SED LEO
LEO
|
0.016793627 |
details, prediction |
Binance Coin
BNB
|
0.4961566 |
details, prediction |
Stellar
XLM
|
0.5979962 |
details, prediction |
ZCash
ZEC
|
0.6126723 |
details, prediction |
|
Second tier
|
Dai
DAI
|
-0.34025237 |
details, prediction |
Decred
DCR
|
-0.27287987 |
details, prediction |
True USD
TUSD
|
0.15497129 |
details, prediction |
Nexo
NEXO
|
0.37148097 |
details, prediction |
Verge
XVG
|
0.42963535 |
details, prediction |
|
Third tier
|
Kambria
KAT
|
-0.37263954 |
details, prediction |
Ontology
ONT
|
-0.18710196 |
details, prediction |
Dent
DENT
|
-0.11684489 |
details, prediction |
LAToken
LA
|
-0.056575205 |
details, prediction |
OPEN Platform
OPEN
|
-0.03033893 |
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)