Highly correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
Stellar
XLM
|
0.4131667 |
details, prediction |
KuCoin Shares
KCS
|
0.3355143 |
details, prediction |
TRON
TRX
|
0.24638914 |
details, prediction |
Ethereum Classic
ETC
|
-0.09317587 |
details, prediction |
Bitcoin Cash
BCH
|
-0.10082068 |
details, prediction |
|
Second tier
|
USD//Coin
USDC
|
0.99184155 |
details, prediction |
aelf
ELF
|
0.82007164 |
details, prediction |
Ravencoin
RVN
|
0.74152434 |
details, prediction |
Dai
DAI
|
0.7054237 |
details, prediction |
Telcoin
TEL
|
0.5775958 |
details, prediction |
|
Third tier
|
Storj
STORJ
|
0.79707015 |
details, prediction |
ICON
ICX
|
0.7032978 |
details, prediction |
Matrix AI Network
MAN
|
0.7018404 |
details, prediction |
SwftCoin
SWFTC
|
0.57206756 |
details, prediction |
Enjin Coin
ENJ
|
0.5171815 |
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
|
Monero
XMR
|
-0.721521 |
details, prediction |
ZCash
ZEC
|
-0.7134732 |
details, prediction |
Binance Coin
BNB
|
-0.6804594 |
details, prediction |
Cardano
ADA
|
-0.67000467 |
details, prediction |
ChainLink
LINK
|
-0.6110187 |
details, prediction |
|
Second tier
|
Horizen
ZEN
|
-0.6744172 |
details, prediction |
Decred
DCR
|
-0.65965647 |
details, prediction |
Vechain
VET
|
-0.6483248 |
details, prediction |
DASH
DASH
|
-0.6244065 |
details, prediction |
DigiByte
DGB
|
-0.53236794 |
details, prediction |
|
Third tier
|
Dero
DERO
|
-0.6288105 |
details, prediction |
Dent
DENT
|
-0.54315263 |
details, prediction |
Stox
STX
|
-0.46711293 |
details, prediction |
Lisk
LSK
|
-0.4585176 |
details, prediction |
QuarkChain
QKC
|
-0.4201187 |
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)