Highly correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
TRON
TRX
|
0.85564375 |
details, prediction |
Binance Coin
BNB
|
0.72393644 |
details, prediction |
Dogecoin
DOGE
|
0.6780315 |
details, prediction |
XRP
XRP
|
0.3759111 |
details, prediction |
UNUS SED LEO
LEO
|
0.112736955 |
details, prediction |
|
Second tier
|
Dai
DAI
|
0.9011457 |
details, prediction |
True USD
TUSD
|
0.62273216 |
details, prediction |
Verge
XVG
|
0.3837209 |
details, prediction |
DigiByte
DGB
|
0.3667047 |
details, prediction |
Ardor
ARDR
|
0.26698923 |
details, prediction |
|
Third tier
|
Dero
DERO
|
0.9647037 |
details, prediction |
Elastos
ELA
|
0.6073066 |
details, prediction |
Constellation
DAG
|
0.5752346 |
details, prediction |
Komodo
KMD
|
0.5374523 |
details, prediction |
BOScoin
BOS
|
0.41608125 |
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
|
ChainLink
LINK
|
-0.72371584 |
details, prediction |
Crypto.com Chain
CRO
|
-0.68569005 |
details, prediction |
Cardano
ADA
|
-0.34771 |
details, prediction |
Ethereum Classic
ETC
|
-0.3179055 |
details, prediction |
Litecoin
LTC
|
-0.26306728 |
details, prediction |
|
Second tier
|
Cosmos
ATOM
|
-0.8001094 |
details, prediction |
Bitcoin SV
BSV
|
-0.79134005 |
details, prediction |
Vechain
VET
|
-0.78991497 |
details, prediction |
Theta
THETA
|
-0.7824794 |
details, prediction |
Chiliz
CHZ
|
-0.7717968 |
details, prediction |
|
Third tier
|
FunFair
FUN
|
-0.8389052 |
details, prediction |
Propy
PRO
|
-0.78728426 |
details, prediction |
NEM
XEM
|
-0.7634148 |
details, prediction |
Dent
DENT
|
-0.7348162 |
details, prediction |
OPEN Platform
OPEN
|
-0.6354172 |
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)