Highly correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
Dogecoin
DOGE
|
0.88266635 |
details, prediction |
XRP
XRP
|
0.82706565 |
details, prediction |
Ethereum Classic
ETC
|
0.82530445 |
details, prediction |
Binance Coin
BNB
|
0.76439935 |
details, prediction |
KuCoin Shares
KCS
|
0.73549944 |
details, prediction |
|
Second tier
|
IOTA
IOT
|
0.91769487 |
details, prediction |
Siacoin
SC
|
0.9003977 |
details, prediction |
FTX Token
FTT
|
0.8918575 |
details, prediction |
Basic Attention Token
BAT
|
0.8743909 |
details, prediction |
Chiliz
CHZ
|
0.86447424 |
details, prediction |
|
Third tier
|
SingularityNET
AGI
|
0.9235227 |
details, prediction |
Stox
STX
|
0.9132576 |
details, prediction |
SwftCoin
SWFTC
|
0.90774876 |
details, prediction |
IoTeX
IOTX
|
0.87566733 |
details, prediction |
Internet of Services
IOST
|
0.8728842 |
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
|
Stellar
XLM
|
-0.11997569 |
details, prediction |
TRON
TRX
|
0.28740656 |
details, prediction |
ZCash
ZEC
|
0.2936105 |
details, prediction |
Ethereum
ETH
|
0.43732217 |
details, prediction |
Monero
XMR
|
0.4849739 |
details, prediction |
|
Second tier
|
USD//Coin
USDC
|
-0.5395469 |
details, prediction |
Dai
DAI
|
-0.3476839 |
details, prediction |
True USD
TUSD
|
-0.29599002 |
details, prediction |
DigiByte
DGB
|
-0.089338265 |
details, prediction |
Bitcoin SV
BSV
|
0.41923118 |
details, prediction |
|
Third tier
|
Propy
PRO
|
-0.4967975 |
details, prediction |
NKN
NKN
|
-0.39491746 |
details, prediction |
V Systems
VSYS
|
-0.2934879 |
details, prediction |
Phantasma
SOUL
|
-0.13740854 |
details, prediction |
Matrix AI Network
MAN
|
-0.058783922 |
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)