Highly correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
Dogecoin
DOGE
|
0.9043898 |
details, prediction |
Ethereum Classic
ETC
|
0.7863366 |
details, prediction |
XRP
XRP
|
0.6968922 |
details, prediction |
Binance Coin
BNB
|
0.6203008 |
details, prediction |
ZCash
ZEC
|
0.54067683 |
details, prediction |
|
Second tier
|
Algorand
ALGO
|
0.8169838 |
details, prediction |
Theta
THETA
|
0.81639224 |
details, prediction |
IOTA
IOT
|
0.8107258 |
details, prediction |
NEO
NEO
|
0.7974719 |
details, prediction |
Siacoin
SC
|
0.7898953 |
details, prediction |
|
Third tier
|
Steem
STEEM
|
0.86356354 |
details, prediction |
SingularityNET
AGI
|
0.8321189 |
details, prediction |
Wanchain
WAN
|
0.8155736 |
details, prediction |
Kyber Network
KNC
|
0.8100577 |
details, prediction |
IoTeX
IOTX
|
0.80849844 |
details, prediction |
This report should be leaned to get most info about heading trends.
It means that Verge 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 Verge
Low correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
TRON
TRX
|
-0.18470688 |
details, prediction |
Ethereum
ETH
|
0.33816248 |
details, prediction |
Cardano
ADA
|
0.35950416 |
details, prediction |
KuCoin Shares
KCS
|
0.3810768 |
details, prediction |
Monero
XMR
|
0.3866587 |
details, prediction |
|
Second tier
|
USD//Coin
USDC
|
-0.34215108 |
details, prediction |
Dai
DAI
|
-0.3276619 |
details, prediction |
True USD
TUSD
|
-0.25591338 |
details, prediction |
aelf
ELF
|
-0.1725085 |
details, prediction |
DigiByte
DGB
|
-0.024475614 |
details, prediction |
|
Third tier
|
NKN
NKN
|
-0.72786283 |
details, prediction |
Matrix AI Network
MAN
|
-0.44530296 |
details, prediction |
Propy
PRO
|
-0.2737346 |
details, prediction |
V Systems
VSYS
|
-0.24425001 |
details, prediction |
Constellation
DAG
|
-0.24205416 |
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)