Highly correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
UNUS SED LEO
LEO
|
0.93628657 |
details, prediction |
Monero
XMR
|
0.8007808 |
details, prediction |
ZCash
ZEC
|
0.7097142 |
details, prediction |
Binance Coin
BNB
|
0.5847496 |
details, prediction |
Bitcoin
BTC
|
0.55489445 |
details, prediction |
|
Second tier
|
DASH
DASH
|
0.60823965 |
details, prediction |
OriginTrail
TRAC
|
0.5689642 |
details, prediction |
Theta
THETA
|
0.565704 |
details, prediction |
Telcoin
TEL
|
0.54571897 |
details, prediction |
FTX Token
FTT
|
0.44885188 |
details, prediction |
|
Third tier
|
Loopring
LRC
|
0.7668516 |
details, prediction |
Bancor
BNT
|
0.6793206 |
details, prediction |
OPEN Platform
OPEN
|
0.5295959 |
details, prediction |
Chronobank
TIME
|
0.51460475 |
details, prediction |
Storj
STORJ
|
0.42233345 |
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
|
Bitcoin Cash
BCH
|
-0.13091372 |
details, prediction |
Stellar
XLM
|
-0.08164852 |
details, prediction |
Crypto.com Chain
CRO
|
-0.07782033 |
details, prediction |
Cardano
ADA
|
0.12393536 |
details, prediction |
Ethereum
ETH
|
0.13368835 |
details, prediction |
|
Second tier
|
Verge
XVG
|
-0.38331532 |
details, prediction |
Dai
DAI
|
-0.29966792 |
details, prediction |
USD//Coin
USDC
|
-0.29479516 |
details, prediction |
Ardor
ARDR
|
-0.2530096 |
details, prediction |
Decred
DCR
|
-0.21092132 |
details, prediction |
|
Third tier
|
Dent
DENT
|
-0.50822276 |
details, prediction |
NKN
NKN
|
-0.49201012 |
details, prediction |
BABB
BAX
|
-0.36197808 |
details, prediction |
SysCoin
SYS
|
-0.35726127 |
details, prediction |
Ontology
ONT
|
-0.34638283 |
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)