Highly correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
Cardano
ADA
|
0.92445236 |
details, prediction |
Litecoin
LTC
|
0.845552 |
details, prediction |
XRP
XRP
|
0.8439631 |
details, prediction |
Bitcoin Cash
BCH
|
0.8012969 |
details, prediction |
Ethereum
ETH
|
0.57287425 |
details, prediction |
|
Second tier
|
Decred
DCR
|
0.9311785 |
details, prediction |
Bitcoin Gold
BTG
|
0.9252495 |
details, prediction |
Theta Fuel
TFUEL
|
0.9244152 |
details, prediction |
Tezos
XTZ
|
0.9204886 |
details, prediction |
Siacoin
SC
|
0.88423896 |
details, prediction |
|
Third tier
|
Propy
PRO
|
0.9364538 |
details, prediction |
IoTeX
IOTX
|
0.8998084 |
details, prediction |
Internet of Services
IOST
|
0.8896967 |
details, prediction |
Komodo
KMD
|
0.87865907 |
details, prediction |
Steem
STEEM
|
0.8716141 |
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
|
UNUS SED LEO
LEO
|
-0.95033574 |
details, prediction |
TRON
TRX
|
-0.69181854 |
details, prediction |
ZCash
ZEC
|
-0.6158248 |
details, prediction |
Stellar
XLM
|
-0.40886444 |
details, prediction |
Monero
XMR
|
-0.05789714 |
details, prediction |
|
Second tier
|
True USD
TUSD
|
-0.54660416 |
details, prediction |
USD//Coin
USDC
|
-0.53770584 |
details, prediction |
Algorand
ALGO
|
-0.47463423 |
details, prediction |
Dai
DAI
|
-0.3732927 |
details, prediction |
OriginTrail
TRAC
|
-0.36407226 |
details, prediction |
|
Third tier
|
V Systems
VSYS
|
-0.61607814 |
details, prediction |
HEROcoin
PLAY
|
-0.5800817 |
details, prediction |
OPEN Platform
OPEN
|
-0.47692597 |
details, prediction |
Enjin Coin
ENJ
|
-0.39053866 |
details, prediction |
NKN
NKN
|
-0.12468586 |
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)