Highly correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
ChainLink
LINK
|
0.96470785 |
details, prediction |
Ethereum Classic
ETC
|
0.91970867 |
details, prediction |
Cardano
ADA
|
0.9071548 |
details, prediction |
Litecoin
LTC
|
0.8935096 |
details, prediction |
Bitcoin Cash
BCH
|
0.8873808 |
details, prediction |
|
Second tier
|
Vechain
VET
|
0.9440874 |
details, prediction |
Theta
THETA
|
0.94393194 |
details, prediction |
Cosmos
ATOM
|
0.93827814 |
details, prediction |
Chiliz
CHZ
|
0.92989826 |
details, prediction |
Decentraland
MANA
|
0.9296568 |
details, prediction |
|
Third tier
|
SwftCoin
SWFTC
|
0.9227171 |
details, prediction |
Power Ledger
POWR
|
0.9224205 |
details, prediction |
PIVX
PIVX
|
0.91039425 |
details, prediction |
Civic
CVC
|
0.90388644 |
details, prediction |
Lisk
LSK
|
0.90349746 |
details, prediction |
This report should be leaned to get most info about heading trends.
It means that Crypto.com Chain 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 Crypto.com Chain
Low correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
TRON
TRX
|
-0.8469798 |
details, prediction |
UNUS SED LEO
LEO
|
-0.13692121 |
details, prediction |
Binance Coin
BNB
|
0.45857203 |
details, prediction |
Dogecoin
DOGE
|
0.524532 |
details, prediction |
ZCash
ZEC
|
0.5420073 |
details, prediction |
|
Second tier
|
Dai
DAI
|
-0.6345413 |
details, prediction |
True USD
TUSD
|
-0.06638561 |
details, prediction |
Decred
DCR
|
-0.05719811 |
details, prediction |
Verge
XVG
|
0.3982394 |
details, prediction |
Algorand
ALGO
|
0.4514759 |
details, prediction |
|
Third tier
|
HEROcoin
PLAY
|
-0.38256335 |
details, prediction |
Ontology
ONT
|
-0.38013265 |
details, prediction |
OPEN Platform
OPEN
|
-0.17526047 |
details, prediction |
Enjin Coin
ENJ
|
-0.022787863 |
details, prediction |
Kambria
KAT
|
0.17316186 |
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)