Highly correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
KuCoin Shares
KCS
|
0.6714737 |
details, prediction |
Dogecoin
DOGE
|
0.6661164 |
details, prediction |
Bitcoin Cash
BCH
|
0.6318269 |
details, prediction |
Cardano
ADA
|
0.61473054 |
details, prediction |
Crypto.com Chain
CRO
|
0.595396 |
details, prediction |
|
Second tier
|
Theta
THETA
|
0.8099061 |
details, prediction |
Decentraland
MANA
|
0.80576926 |
details, prediction |
Vechain
VET
|
0.77783513 |
details, prediction |
iEx.ec
RLC
|
0.7691767 |
details, prediction |
0x
ZRX
|
0.76196563 |
details, prediction |
|
Third tier
|
Loopring
LRC
|
0.91537493 |
details, prediction |
ICON
ICX
|
0.7681733 |
details, prediction |
Bancor
BNT
|
0.76762664 |
details, prediction |
Civic
CVC
|
0.7330898 |
details, prediction |
Lisk
LSK
|
0.7188489 |
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
|
-0.5753081 |
details, prediction |
UNUS SED LEO
LEO
|
-0.32001436 |
details, prediction |
Stellar
XLM
|
0.18672125 |
details, prediction |
ZCash
ZEC
|
0.245233 |
details, prediction |
Ethereum
ETH
|
0.2616353 |
details, prediction |
|
Second tier
|
Dai
DAI
|
-0.19438462 |
details, prediction |
Decred
DCR
|
-0.18050945 |
details, prediction |
USD//Coin
USDC
|
-0.11840045 |
details, prediction |
Nexo
NEXO
|
-0.03986353 |
details, prediction |
True USD
TUSD
|
0.06538387 |
details, prediction |
|
Third tier
|
Ontology
ONT
|
-0.5454392 |
details, prediction |
V Systems
VSYS
|
-0.45673588 |
details, prediction |
NKN
NKN
|
-0.41604275 |
details, prediction |
Dent
DENT
|
-0.31271094 |
details, prediction |
Steem
STEEM
|
-0.29054922 |
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)