Highly correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
Litecoin
LTC
|
0.96924895 |
details, prediction |
Bitcoin Cash
BCH
|
0.96383303 |
details, prediction |
Cardano
ADA
|
0.95573086 |
details, prediction |
Ethereum
ETH
|
0.9542529 |
details, prediction |
Crypto.com Chain
CRO
|
0.93925416 |
details, prediction |
|
Second tier
|
Ravencoin
RVN
|
0.98357326 |
details, prediction |
Status
SNT
|
0.9772542 |
details, prediction |
Tezos
XTZ
|
0.9748643 |
details, prediction |
Theta Fuel
TFUEL
|
0.9706891 |
details, prediction |
HoloToken
HOT
|
0.9697022 |
details, prediction |
|
Third tier
|
Lisk
LSK
|
0.9816411 |
details, prediction |
ARK
ARK
|
0.9774549 |
details, prediction |
Gas
GAS
|
0.9764776 |
details, prediction |
LAToken
LA
|
0.9740638 |
details, prediction |
Hydro Protocol
HOT
|
0.97110355 |
details, prediction |
This report should be leaned to get most info about heading trends.
It means that Vechain 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 Vechain
Low correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
Stellar
XLM
|
-0.68219805 |
details, prediction |
ZCash
ZEC
|
-0.18990524 |
details, prediction |
TRON
TRX
|
-0.09547929 |
details, prediction |
Binance Coin
BNB
|
0.38214043 |
details, prediction |
Monero
XMR
|
0.54326797 |
details, prediction |
|
Second tier
|
Dai
DAI
|
-0.6837976 |
details, prediction |
USD//Coin
USDC
|
-0.67270964 |
details, prediction |
OriginTrail
TRAC
|
-0.47884938 |
details, prediction |
Telcoin
TEL
|
-0.43118986 |
details, prediction |
True USD
TUSD
|
-0.23829368 |
details, prediction |
|
Third tier
|
FunFair
FUN
|
-0.17231159 |
details, prediction |
OPEN Platform
OPEN
|
-0.037234124 |
details, prediction |
V Systems
VSYS
|
0.011527348 |
details, prediction |
Chronobank
TIME
|
0.013057815 |
details, prediction |
Komodo
KMD
|
0.16272895 |
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)