Highly correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
Bitcoin
BTC
|
0.72551554 |
details, prediction |
Litecoin
LTC
|
0.70402175 |
details, prediction |
ZCash
ZEC
|
0.6820096 |
details, prediction |
Ethereum
ETH
|
0.65997297 |
details, prediction |
Bitcoin Cash
BCH
|
0.64509755 |
details, prediction |
|
Second tier
|
Bitcoin Gold
BTG
|
0.7751411 |
details, prediction |
Decentraland
MANA
|
0.65199697 |
details, prediction |
HoloToken
HOT
|
0.6492592 |
details, prediction |
Decred
DCR
|
0.64681596 |
details, prediction |
Horizen
ZEN
|
0.6288346 |
details, prediction |
|
Third tier
|
Constellation
DAG
|
0.7378375 |
details, prediction |
Bancor
BNT
|
0.7317053 |
details, prediction |
Dero
DERO
|
0.6834348 |
details, prediction |
Hydro Protocol
HOT
|
0.6079121 |
details, prediction |
Wanchain
WAN
|
0.598203 |
details, prediction |
This report should be leaned to get most info about heading trends.
It means that TRON 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 TRON
Low correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
Stellar
XLM
|
-0.31448305 |
details, prediction |
Dogecoin
DOGE
|
0.46623066 |
details, prediction |
Monero
XMR
|
0.48089048 |
details, prediction |
XRP
XRP
|
0.556876 |
details, prediction |
Ethereum Classic
ETC
|
0.56912386 |
details, prediction |
|
Second tier
|
Dai
DAI
|
-0.25417003 |
details, prediction |
USD//Coin
USDC
|
-0.16496323 |
details, prediction |
True USD
TUSD
|
-0.13415809 |
details, prediction |
Telcoin
TEL
|
0.28915587 |
details, prediction |
Ardor
ARDR
|
0.2947441 |
details, prediction |
|
Third tier
|
OPEN Platform
OPEN
|
-0.37135136 |
details, prediction |
BABB
BAX
|
-0.3561819 |
details, prediction |
Matrix AI Network
MAN
|
-0.0052856156 |
details, prediction |
Propy
PRO
|
0.04308135 |
details, prediction |
Phantasma
SOUL
|
0.19520478 |
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)