Highly correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
XRP
XRP
|
0.8987428 |
details, prediction |
Binance Coin
BNB
|
0.8850328 |
details, prediction |
Bitcoin
BTC
|
0.8590021 |
details, prediction |
Dogecoin
DOGE
|
0.8484683 |
details, prediction |
ZCash
ZEC
|
0.8109752 |
details, prediction |
|
Second tier
|
QTUM
QTUM
|
0.94961214 |
details, prediction |
0x
ZRX
|
0.8945324 |
details, prediction |
Theta Fuel
TFUEL
|
0.8656006 |
details, prediction |
Vechain
VET
|
0.8538349 |
details, prediction |
Verge
XVG
|
0.84901816 |
details, prediction |
|
Third tier
|
Gas
GAS
|
0.8809889 |
details, prediction |
Stox
STX
|
0.8806773 |
details, prediction |
Bancor
BNT
|
0.8491733 |
details, prediction |
Ontology
ONT
|
0.83007216 |
details, prediction |
Dent
DENT
|
0.8128966 |
details, prediction |
This report should be leaned to get most info about heading trends.
It means that Theta 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 Theta
Low correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
TRON
TRX
|
0.12906614 |
details, prediction |
Stellar
XLM
|
0.24641865 |
details, prediction |
KuCoin Shares
KCS
|
0.43901235 |
details, prediction |
Bitcoin Cash
BCH
|
0.6184419 |
details, prediction |
Cardano
ADA
|
0.69247395 |
details, prediction |
|
Second tier
|
USD//Coin
USDC
|
-0.5452973 |
details, prediction |
Dai
DAI
|
-0.52466595 |
details, prediction |
True USD
TUSD
|
-0.48846734 |
details, prediction |
aelf
ELF
|
-0.46066284 |
details, prediction |
Ravencoin
RVN
|
-0.45847234 |
details, prediction |
|
Third tier
|
Matrix AI Network
MAN
|
-0.7509876 |
details, prediction |
NKN
NKN
|
-0.75001913 |
details, prediction |
ICON
ICX
|
-0.6081916 |
details, prediction |
Storj
STORJ
|
-0.43853104 |
details, prediction |
OPEN Platform
OPEN
|
-0.33470047 |
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)