Highly correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
Bitcoin
BTC
|
0.9533602 |
details, prediction |
Stellar
XLM
|
0.95003194 |
details, prediction |
Ethereum
ETH
|
0.94873226 |
details, prediction |
Litecoin
LTC
|
0.94147235 |
details, prediction |
Ethereum Classic
ETC
|
0.92950165 |
details, prediction |
|
Second tier
|
EOS
EOS
|
0.96851426 |
details, prediction |
DASH
DASH
|
0.92153573 |
details, prediction |
Synthetix Network Token
SNX
|
0.91427046 |
details, prediction |
Tezos
XTZ
|
0.89935213 |
details, prediction |
NEO
NEO
|
0.8988082 |
details, prediction |
|
Third tier
|
Kleros
PNK
|
0.96758926 |
details, prediction |
Streamr DATAcoin
DATA
|
0.95539 |
details, prediction |
NKN
NKN
|
0.9331762 |
details, prediction |
ARK
ARK
|
0.90175486 |
details, prediction |
Lisk
LSK
|
0.8869377 |
details, prediction |
This report should be leaned to get most info about heading trends.
It means that Monero 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 Monero
Low correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
TRON
TRX
|
-0.3882505 |
details, prediction |
Bitcoin Cash
BCH
|
0.52706754 |
details, prediction |
Dogecoin
DOGE
|
0.57156014 |
details, prediction |
UNUS SED LEO
LEO
|
0.62362915 |
details, prediction |
Binance Coin
BNB
|
0.69082254 |
details, prediction |
|
Second tier
|
Dai
DAI
|
-0.39716458 |
details, prediction |
Decred
DCR
|
-0.038943354 |
details, prediction |
Zilliqa
ZIL
|
-0.03001369 |
details, prediction |
True USD
TUSD
|
0.09021478 |
details, prediction |
Verge
XVG
|
0.25586995 |
details, prediction |
|
Third tier
|
Constellation
DAG
|
-0.44378722 |
details, prediction |
HEROcoin
PLAY
|
-0.15324838 |
details, prediction |
BABB
BAX
|
-0.15079017 |
details, prediction |
Dero
DERO
|
0.04434452 |
details, prediction |
OPEN Platform
OPEN
|
0.3561589 |
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)