Highly correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
Bitcoin Cash
BCH
|
0.48886582 |
details, prediction |
Ethereum
ETH
|
0.37688202 |
details, prediction |
Litecoin
LTC
|
0.35288337 |
details, prediction |
Bitcoin
BTC
|
0.32975838 |
details, prediction |
ChainLink
LINK
|
0.3288586 |
details, prediction |
|
Second tier
|
HoloToken
HOT
|
0.5183223 |
details, prediction |
Bitcoin SV
BSV
|
0.47614914 |
details, prediction |
DigiByte
DGB
|
0.41990647 |
details, prediction |
Decentraland
MANA
|
0.3697892 |
details, prediction |
Dai
DAI
|
0.3210282 |
details, prediction |
|
Third tier
|
Achain
ACT
|
0.6143445 |
details, prediction |
V Systems
VSYS
|
0.5764903 |
details, prediction |
Hydro Protocol
HOT
|
0.545473 |
details, prediction |
Constellation
DAG
|
0.46533895 |
details, prediction |
Bancor
BNT
|
0.41228402 |
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
|
-0.13769035 |
details, prediction |
Dogecoin
DOGE
|
0.0031907782 |
details, prediction |
ZCash
ZEC
|
0.103628635 |
details, prediction |
Ethereum Classic
ETC
|
0.120428406 |
details, prediction |
Monero
XMR
|
0.15043652 |
details, prediction |
|
Second tier
|
Chiliz
CHZ
|
-0.44352636 |
details, prediction |
Ardor
ARDR
|
-0.43713608 |
details, prediction |
Waves
WAVES
|
-0.35322088 |
details, prediction |
Cosmos
ATOM
|
-0.34435502 |
details, prediction |
Zilliqa
ZIL
|
-0.31622538 |
details, prediction |
|
Third tier
|
BABB
BAX
|
-0.6753639 |
details, prediction |
Electroneum
ETN
|
-0.41555378 |
details, prediction |
Elastos
ELA
|
-0.40291196 |
details, prediction |
PIVX
PIVX
|
-0.36103526 |
details, prediction |
Internet of Services
IOST
|
-0.358508 |
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)