Highly correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
Crypto.com Chain
CRO
|
0.90544224 |
details, prediction |
Cardano
ADA
|
0.89396626 |
details, prediction |
Bitcoin Cash
BCH
|
0.85595226 |
details, prediction |
Ethereum Classic
ETC
|
0.60453343 |
details, prediction |
XRP
XRP
|
0.37623033 |
details, prediction |
|
Second tier
|
Ardor
ARDR
|
0.93968886 |
details, prediction |
IOTA
IOT
|
0.93535817 |
details, prediction |
Theta Fuel
TFUEL
|
0.93460745 |
details, prediction |
Telcoin
TEL
|
0.92223144 |
details, prediction |
Siacoin
SC
|
0.8995291 |
details, prediction |
|
Third tier
|
Loopring
LRC
|
0.9391339 |
details, prediction |
Elastos
ELA
|
0.92268795 |
details, prediction |
SysCoin
SYS
|
0.91159594 |
details, prediction |
IoTeX
IOTX
|
0.90827477 |
details, prediction |
Stox
STX
|
0.89812905 |
details, prediction |
This report should be leaned to get most info about heading trends.
It means that Komodo 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 Komodo
Low correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
TRON
TRX
|
-0.92545134 |
details, prediction |
Ethereum
ETH
|
-0.6662532 |
details, prediction |
ZCash
ZEC
|
-0.54700017 |
details, prediction |
Bitcoin
BTC
|
-0.5137769 |
details, prediction |
ChainLink
LINK
|
-0.32637993 |
details, prediction |
|
Second tier
|
Bitcoin SV
BSV
|
-0.5554089 |
details, prediction |
Algorand
ALGO
|
-0.514566 |
details, prediction |
True USD
TUSD
|
-0.39925706 |
details, prediction |
Nexo
NEXO
|
-0.33133835 |
details, prediction |
HoloToken
HOT
|
-0.20282549 |
details, prediction |
|
Third tier
|
V Systems
VSYS
|
-0.8159459 |
details, prediction |
Ontology
ONT
|
-0.7271675 |
details, prediction |
HEROcoin
PLAY
|
-0.5885598 |
details, prediction |
NKN
NKN
|
-0.543751 |
details, prediction |
OPEN Platform
OPEN
|
-0.53708065 |
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)