Highly correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
TRON
TRX
|
0.49320626 |
details, prediction |
XRP
XRP
|
0.36201447 |
details, prediction |
Dogecoin
DOGE
|
0.32197866 |
details, prediction |
Binance Coin
BNB
|
0.31887203 |
details, prediction |
Bitcoin
BTC
|
0.13769156 |
details, prediction |
|
Second tier
|
EOS
EOS
|
0.5551096 |
details, prediction |
Ardor
ARDR
|
0.4967244 |
details, prediction |
Dai
DAI
|
0.46243483 |
details, prediction |
Request Network
REQ
|
0.20006408 |
details, prediction |
Waves
WAVES
|
0.15103671 |
details, prediction |
|
Third tier
|
HEROcoin
PLAY
|
0.62273216 |
details, prediction |
BOScoin
BOS
|
0.56117225 |
details, prediction |
Dero
DERO
|
0.54362535 |
details, prediction |
Komodo
KMD
|
0.4959945 |
details, prediction |
Elastos
ELA
|
0.44878563 |
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
|
Crypto.com Chain
CRO
|
-0.2505889 |
details, prediction |
ChainLink
LINK
|
-0.14496922 |
details, prediction |
Cardano
ADA
|
-0.10938202 |
details, prediction |
Bitcoin Cash
BCH
|
-0.088826805 |
details, prediction |
UNUS SED LEO
LEO
|
-0.055109274 |
details, prediction |
|
Second tier
|
Nexo
NEXO
|
-0.2952043 |
details, prediction |
Decred
DCR
|
-0.19406007 |
details, prediction |
Cosmos
ATOM
|
-0.18873791 |
details, prediction |
Verge
XVG
|
-0.18546954 |
details, prediction |
Vechain
VET
|
-0.18229754 |
details, prediction |
|
Third tier
|
BABB
BAX
|
-0.40055466 |
details, prediction |
Propy
PRO
|
-0.38765272 |
details, prediction |
Matrix AI Network
MAN
|
-0.38102257 |
details, prediction |
Dent
DENT
|
-0.3057377 |
details, prediction |
FunFair
FUN
|
-0.24435116 |
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)