Highly correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
Stellar
XLM
|
0.24246147 |
details, prediction |
TRON
TRX
|
-0.1326085 |
details, prediction |
KuCoin Shares
KCS
|
-0.2343539 |
details, prediction |
Ethereum
ETH
|
-0.25128463 |
details, prediction |
ZCash
ZEC
|
-0.2615556 |
details, prediction |
|
Second tier
|
USD//Coin
USDC
|
0.5496959 |
details, prediction |
Dai
DAI
|
0.096519366 |
details, prediction |
Bitcoin SV
BSV
|
-0.12789427 |
details, prediction |
HoloToken
HOT
|
-0.18964742 |
details, prediction |
Telcoin
TEL
|
-0.21133399 |
details, prediction |
|
Third tier
|
Phantasma
SOUL
|
0.5389869 |
details, prediction |
Propy
PRO
|
0.4464211 |
details, prediction |
Matrix AI Network
MAN
|
0.29444614 |
details, prediction |
V Systems
VSYS
|
0.05298458 |
details, prediction |
NKN
NKN
|
-0.031893436 |
details, prediction |
This report should be leaned to get most info about heading trends.
It means that True USD 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 True USD
Low correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
Binance Coin
BNB
|
-0.510954 |
details, prediction |
Cardano
ADA
|
-0.5064641 |
details, prediction |
Monero
XMR
|
-0.41296342 |
details, prediction |
Dogecoin
DOGE
|
-0.36635387 |
details, prediction |
Ethereum Classic
ETC
|
-0.32197407 |
details, prediction |
|
Second tier
|
Bitcoin Gold
BTG
|
-0.78125584 |
details, prediction |
Algorand
ALGO
|
-0.45658588 |
details, prediction |
IOTA
IOT
|
-0.40628606 |
details, prediction |
iEx.ec
RLC
|
-0.40310365 |
details, prediction |
Synthetix Network Token
SNX
|
-0.39711633 |
details, prediction |
|
Third tier
|
Dero
DERO
|
-0.6832586 |
details, prediction |
HEROcoin
PLAY
|
-0.47726247 |
details, prediction |
QuarkChain
QKC
|
-0.39955875 |
details, prediction |
IoTeX
IOTX
|
-0.3894171 |
details, prediction |
Dent
DENT
|
-0.36557594 |
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)