Highly correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
Dogecoin
DOGE
|
0.5639626 |
details, prediction |
Ethereum Classic
ETC
|
0.38287213 |
details, prediction |
Stellar
XLM
|
0.36830732 |
details, prediction |
XRP
XRP
|
0.18913461 |
details, prediction |
Binance Coin
BNB
|
0.15142821 |
details, prediction |
|
Second tier
|
Verge
XVG
|
0.6361536 |
details, prediction |
Chiliz
CHZ
|
0.6328705 |
details, prediction |
IOTA
IOT
|
0.62663096 |
details, prediction |
NEO
NEO
|
0.59989077 |
details, prediction |
OriginTrail
TRAC
|
0.59465235 |
details, prediction |
|
Third tier
|
Dero
DERO
|
0.8781669 |
details, prediction |
IoTeX
IOTX
|
0.6897488 |
details, prediction |
QuarkChain
QKC
|
0.6871763 |
details, prediction |
ARK
ARK
|
0.67706305 |
details, prediction |
Elastos
ELA
|
0.65463084 |
details, prediction |
This report should be leaned to get most info about heading trends.
It means that Ardor 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 Ardor
Low correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
TRON
TRX
|
-0.44574857 |
details, prediction |
KuCoin Shares
KCS
|
-0.18146075 |
details, prediction |
Ethereum
ETH
|
-0.116152 |
details, prediction |
Cardano
ADA
|
-0.11257492 |
details, prediction |
Litecoin
LTC
|
-0.03512139 |
details, prediction |
|
Second tier
|
Dai
DAI
|
-0.50718004 |
details, prediction |
Bitcoin SV
BSV
|
-0.2780368 |
details, prediction |
HoloToken
HOT
|
-0.27482924 |
details, prediction |
DigiByte
DGB
|
-0.2146172 |
details, prediction |
USD//Coin
USDC
|
-0.15008312 |
details, prediction |
|
Third tier
|
Propy
PRO
|
-0.57835835 |
details, prediction |
NKN
NKN
|
-0.50818634 |
details, prediction |
SysCoin
SYS
|
-0.42589432 |
details, prediction |
V Systems
VSYS
|
-0.35263702 |
details, prediction |
Hydro Protocol
HOT
|
-0.309288 |
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)