Highly correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
KuCoin Shares
KCS
|
0.40872997 |
details, prediction |
Monero
XMR
|
0.3916923 |
details, prediction |
Binance Coin
BNB
|
0.37712654 |
details, prediction |
Ethereum Classic
ETC
|
0.3658302 |
details, prediction |
Dogecoin
DOGE
|
0.30319944 |
details, prediction |
|
Second tier
|
USD//Coin
USDC
|
0.818538 |
details, prediction |
Dai
DAI
|
0.5665862 |
details, prediction |
FTX Token
FTT
|
0.5306071 |
details, prediction |
Status
SNT
|
0.48035553 |
details, prediction |
Chiliz
CHZ
|
0.45684615 |
details, prediction |
|
Third tier
|
Electroneum
ETN
|
0.5883859 |
details, prediction |
Kyber Network
KNC
|
0.4958885 |
details, prediction |
QuarkChain
QKC
|
0.49227148 |
details, prediction |
NKN
NKN
|
0.47508568 |
details, prediction |
Phantasma
SOUL
|
0.43710122 |
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
|
UNUS SED LEO
LEO
|
-0.4739422 |
details, prediction |
Crypto.com Chain
CRO
|
0.05683034 |
details, prediction |
ZCash
ZEC
|
0.08661591 |
details, prediction |
TRON
TRX
|
0.10484839 |
details, prediction |
Cardano
ADA
|
0.10576065 |
details, prediction |
|
Second tier
|
Decred
DCR
|
-0.6111004 |
details, prediction |
Nexo
NEXO
|
-0.49678373 |
details, prediction |
HoloToken
HOT
|
-0.10460039 |
details, prediction |
Verge
XVG
|
-0.089823395 |
details, prediction |
Bitcoin SV
BSV
|
0.014100706 |
details, prediction |
|
Third tier
|
Propy
PRO
|
-0.5554921 |
details, prediction |
Dent
DENT
|
-0.31873596 |
details, prediction |
BABB
BAX
|
-0.2555547 |
details, prediction |
NEM
XEM
|
-0.18444939 |
details, prediction |
Steem
STEEM
|
-0.12273074 |
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)