Highly correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
Crypto.com Chain
CRO
|
0.9262572 |
details, prediction |
Bitcoin Cash
BCH
|
0.75425017 |
details, prediction |
Cardano
ADA
|
0.7234104 |
details, prediction |
Litecoin
LTC
|
0.6527831 |
details, prediction |
XRP
XRP
|
0.6452495 |
details, prediction |
|
Second tier
|
Decred
DCR
|
0.91984296 |
details, prediction |
Bitcoin Gold
BTG
|
0.8664566 |
details, prediction |
Siacoin
SC
|
0.79901385 |
details, prediction |
Theta Fuel
TFUEL
|
0.778185 |
details, prediction |
DigiByte
DGB
|
0.766976 |
details, prediction |
|
Third tier
|
Dent
DENT
|
0.95696855 |
details, prediction |
PIVX
PIVX
|
0.9207347 |
details, prediction |
Loopring
LRC
|
0.8995302 |
details, prediction |
SingularityNET
AGI
|
0.8822083 |
details, prediction |
BABB
BAX
|
0.8561277 |
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
|
UNUS SED LEO
LEO
|
-0.9934609 |
details, prediction |
ZCash
ZEC
|
-0.6118604 |
details, prediction |
TRON
TRX
|
-0.529781 |
details, prediction |
Stellar
XLM
|
-0.45600057 |
details, prediction |
Monero
XMR
|
-0.13738228 |
details, prediction |
|
Second tier
|
True USD
TUSD
|
-0.61012685 |
details, prediction |
OriginTrail
TRAC
|
-0.5364656 |
details, prediction |
USD//Coin
USDC
|
-0.4046995 |
details, prediction |
Cosmos
ATOM
|
-0.38331532 |
details, prediction |
Telcoin
TEL
|
-0.24853596 |
details, prediction |
|
Third tier
|
OPEN Platform
OPEN
|
-0.68006456 |
details, prediction |
V Systems
VSYS
|
-0.32133663 |
details, prediction |
Enjin Coin
ENJ
|
-0.27596787 |
details, prediction |
HEROcoin
PLAY
|
-0.25826937 |
details, prediction |
Bancor
BNT
|
0.033014815 |
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)