Highly correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
ChainLink
LINK
|
0.9829446 |
details, prediction |
Crypto.com Chain
CRO
|
0.973447 |
details, prediction |
Ethereum Classic
ETC
|
0.79107744 |
details, prediction |
Cardano
ADA
|
0.7775545 |
details, prediction |
Stellar
XLM
|
0.7301224 |
details, prediction |
|
Second tier
|
Vechain
VET
|
0.9997016 |
details, prediction |
Theta
THETA
|
0.999479 |
details, prediction |
Chiliz
CHZ
|
0.9961213 |
details, prediction |
Bitcoin SV
BSV
|
0.9956568 |
details, prediction |
USD//Coin
USDC
|
0.98859376 |
details, prediction |
|
Third tier
|
V Systems
VSYS
|
0.88308245 |
details, prediction |
NEM
XEM
|
0.8748905 |
details, prediction |
Power Ledger
POWR
|
0.8726574 |
details, prediction |
OPEN Platform
OPEN
|
0.827265 |
details, prediction |
SwftCoin
SWFTC
|
0.8186443 |
details, prediction |
This report should be leaned to get most info about heading trends.
It means that Cosmos 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 Cosmos
Low correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
TRON
TRX
|
-0.79980063 |
details, prediction |
Binance Coin
BNB
|
-0.004976858 |
details, prediction |
Dogecoin
DOGE
|
0.07304643 |
details, prediction |
UNUS SED LEO
LEO
|
0.26144755 |
details, prediction |
XRP
XRP
|
0.3404004 |
details, prediction |
|
Second tier
|
Dai
DAI
|
-0.8125168 |
details, prediction |
True USD
TUSD
|
-0.18873791 |
details, prediction |
Decred
DCR
|
-0.025063897 |
details, prediction |
Verge
XVG
|
0.013710058 |
details, prediction |
Zilliqa
ZIL
|
0.23175842 |
details, prediction |
|
Third tier
|
HEROcoin
PLAY
|
-0.8001094 |
details, prediction |
Dero
DERO
|
-0.4612203 |
details, prediction |
Constellation
DAG
|
-0.3197656 |
details, prediction |
BABB
BAX
|
0.1431825 |
details, prediction |
Elastos
ELA
|
0.2379766 |
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)