Highly correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
KuCoin Shares
KCS
|
0.89499724 |
details, prediction |
Ethereum
ETH
|
0.89312077 |
details, prediction |
Litecoin
LTC
|
0.878131 |
details, prediction |
XRP
XRP
|
0.85735965 |
details, prediction |
Bitcoin
BTC
|
0.85644937 |
details, prediction |
|
Second tier
|
Nexo
NEXO
|
0.904299 |
details, prediction |
Vechain
VET
|
0.89775985 |
details, prediction |
Zilliqa
ZIL
|
0.88712436 |
details, prediction |
Ravencoin
RVN
|
0.8820584 |
details, prediction |
Decentraland
MANA
|
0.88153183 |
details, prediction |
|
Third tier
|
ICON
ICX
|
0.92491007 |
details, prediction |
Hydro Protocol
HOT
|
0.88293046 |
details, prediction |
ARK
ARK
|
0.85203636 |
details, prediction |
Lisk
LSK
|
0.85195446 |
details, prediction |
Gas
GAS
|
0.8472786 |
details, prediction |
This report should be leaned to get most info about heading trends.
It means that Metal 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 Metal
Low correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
Stellar
XLM
|
-0.71303517 |
details, prediction |
ZCash
ZEC
|
-0.04658128 |
details, prediction |
TRON
TRX
|
-0.03463859 |
details, prediction |
Binance Coin
BNB
|
0.32063332 |
details, prediction |
Monero
XMR
|
0.6246275 |
details, prediction |
|
Second tier
|
Dai
DAI
|
-0.68546426 |
details, prediction |
USD//Coin
USDC
|
-0.6525954 |
details, prediction |
OriginTrail
TRAC
|
-0.46600387 |
details, prediction |
Telcoin
TEL
|
-0.3086612 |
details, prediction |
True USD
TUSD
|
-0.11687767 |
details, prediction |
|
Third tier
|
FunFair
FUN
|
-0.71633786 |
details, prediction |
Komodo
KMD
|
-0.4017745 |
details, prediction |
V Systems
VSYS
|
-0.012831023 |
details, prediction |
OPEN Platform
OPEN
|
0.184718 |
details, prediction |
HEROcoin
PLAY
|
0.29823488 |
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)