Highly correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
ZCash
ZEC
|
-0.08907732 |
details, prediction |
UNUS SED LEO
LEO
|
-0.113518365 |
details, prediction |
Ethereum
ETH
|
-0.30398983 |
details, prediction |
Bitcoin
BTC
|
-0.37130055 |
details, prediction |
Binance Coin
BNB
|
-0.4169064 |
details, prediction |
|
Second tier
|
Dai
DAI
|
0.5060878 |
details, prediction |
True USD
TUSD
|
0.21405528 |
details, prediction |
Algorand
ALGO
|
-0.0017801499 |
details, prediction |
Decred
DCR
|
-0.072684966 |
details, prediction |
Nexo
NEXO
|
-0.15661913 |
details, prediction |
|
Third tier
|
Ontology
ONT
|
0.69164884 |
details, prediction |
HEROcoin
PLAY
|
0.38165998 |
details, prediction |
OPEN Platform
OPEN
|
0.34438568 |
details, prediction |
Enjin Coin
ENJ
|
0.30862683 |
details, prediction |
LAToken
LA
|
0.06542659 |
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
|
Crypto.com Chain
CRO
|
-0.8469798 |
details, prediction |
Bitcoin Cash
BCH
|
-0.79249185 |
details, prediction |
Cardano
ADA
|
-0.7923262 |
details, prediction |
Ethereum Classic
ETC
|
-0.68298286 |
details, prediction |
ChainLink
LINK
|
-0.65062773 |
details, prediction |
|
Second tier
|
IOTA
IOT
|
-0.82094336 |
details, prediction |
Theta Fuel
TFUEL
|
-0.8144727 |
details, prediction |
Telcoin
TEL
|
-0.7987141 |
details, prediction |
Siacoin
SC
|
-0.7986677 |
details, prediction |
Bitcoin Gold
BTG
|
-0.7929396 |
details, prediction |
|
Third tier
|
NEM
XEM
|
-0.8847616 |
details, prediction |
Matrix AI Network
MAN
|
-0.8212964 |
details, prediction |
Komodo
KMD
|
-0.80385154 |
details, prediction |
IoTeX
IOTX
|
-0.80183625 |
details, prediction |
Stox
STX
|
-0.79451746 |
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)