Highly correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
Dogecoin
DOGE
|
0.81710744 |
details, prediction |
Ethereum Classic
ETC
|
0.7933798 |
details, prediction |
Bitcoin Cash
BCH
|
0.78760314 |
details, prediction |
Cardano
ADA
|
0.7641317 |
details, prediction |
Binance Coin
BNB
|
0.7604973 |
details, prediction |
|
Second tier
|
Chiliz
CHZ
|
0.8625981 |
details, prediction |
Theta Fuel
TFUEL
|
0.85341084 |
details, prediction |
NEO
NEO
|
0.8377492 |
details, prediction |
Horizen
ZEN
|
0.8370123 |
details, prediction |
Tezos
XTZ
|
0.83655894 |
details, prediction |
|
Third tier
|
Dero
DERO
|
0.9107961 |
details, prediction |
Dent
DENT
|
0.87678 |
details, prediction |
ARK
ARK
|
0.8489085 |
details, prediction |
Internet of Services
IOST
|
0.8418396 |
details, prediction |
QuarkChain
QKC
|
0.83529365 |
details, prediction |
This report should be leaned to get most info about heading trends.
It means that HEROcoin 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 HEROcoin
Low correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
Stellar
XLM
|
0.070183784 |
details, prediction |
Ethereum
ETH
|
0.37962082 |
details, prediction |
Monero
XMR
|
0.380731 |
details, prediction |
ZCash
ZEC
|
0.38784346 |
details, prediction |
ChainLink
LINK
|
0.5116881 |
details, prediction |
|
Second tier
|
Dai
DAI
|
-0.8244061 |
details, prediction |
USD//Coin
USDC
|
-0.5524427 |
details, prediction |
True USD
TUSD
|
-0.47726247 |
details, prediction |
DigiByte
DGB
|
0.14874205 |
details, prediction |
Bitcoin SV
BSV
|
0.27041897 |
details, prediction |
|
Third tier
|
Propy
PRO
|
-0.56730527 |
details, prediction |
Phantasma
SOUL
|
-0.394184 |
details, prediction |
Matrix AI Network
MAN
|
-0.35646087 |
details, prediction |
NKN
NKN
|
-0.10904676 |
details, prediction |
V Systems
VSYS
|
-0.032596216 |
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)