Highly correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
Stellar
XLM
|
0.77742314 |
details, prediction |
Ethereum Classic
ETC
|
0.7477812 |
details, prediction |
KuCoin Shares
KCS
|
0.60485876 |
details, prediction |
Dogecoin
DOGE
|
0.59335613 |
details, prediction |
XRP
XRP
|
0.46910298 |
details, prediction |
|
Second tier
|
NEO
NEO
|
0.82482487 |
details, prediction |
Status
SNT
|
0.7977093 |
details, prediction |
Synthetix Network Token
SNX
|
0.7347557 |
details, prediction |
Tezos
XTZ
|
0.7152215 |
details, prediction |
Basic Attention Token
BAT
|
0.71291864 |
details, prediction |
|
Third tier
|
PIVX
PIVX
|
0.8363178 |
details, prediction |
SwftCoin
SWFTC
|
0.66753906 |
details, prediction |
SingularityNET
AGI
|
0.6259797 |
details, prediction |
Enjin Coin
ENJ
|
0.6123104 |
details, prediction |
Phantasma
SOUL
|
0.60825723 |
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
|
Monero
XMR
|
-0.15792704 |
details, prediction |
Cardano
ADA
|
-0.002565757 |
details, prediction |
ChainLink
LINK
|
0.022439482 |
details, prediction |
TRON
TRX
|
0.042117447 |
details, prediction |
Ethereum
ETH
|
0.04862673 |
details, prediction |
|
Second tier
|
Dai
DAI
|
-0.6178039 |
details, prediction |
DigiByte
DGB
|
-0.32050952 |
details, prediction |
Decred
DCR
|
-0.10299147 |
details, prediction |
Bitcoin SV
BSV
|
-0.09300919 |
details, prediction |
Horizen
ZEN
|
0.1882291 |
details, prediction |
|
Third tier
|
NKN
NKN
|
-0.39751565 |
details, prediction |
V Systems
VSYS
|
-0.29324853 |
details, prediction |
SysCoin
SYS
|
-0.29025024 |
details, prediction |
AdEx
ADX
|
-0.08089648 |
details, prediction |
HEROcoin
PLAY
|
0.012731467 |
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)