Highly correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
Crypto.com Chain
CRO
|
0.87873137 |
details, prediction |
Cardano
ADA
|
0.75644195 |
details, prediction |
Bitcoin Cash
BCH
|
0.7011514 |
details, prediction |
Ethereum Classic
ETC
|
0.49978596 |
details, prediction |
Binance Coin
BNB
|
0.49782854 |
details, prediction |
|
Second tier
|
Telcoin
TEL
|
0.8414042 |
details, prediction |
Siacoin
SC
|
0.7846156 |
details, prediction |
IOTA
IOT
|
0.77309984 |
details, prediction |
Theta Fuel
TFUEL
|
0.73915464 |
details, prediction |
Waves
WAVES
|
0.7276394 |
details, prediction |
|
Third tier
|
Loopring
LRC
|
0.90098023 |
details, prediction |
PIVX
PIVX
|
0.8457331 |
details, prediction |
SysCoin
SYS
|
0.83988297 |
details, prediction |
Constellation
DAG
|
0.83616495 |
details, prediction |
Komodo
KMD
|
0.8165301 |
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
|
-0.76314867 |
details, prediction |
ZCash
ZEC
|
-0.48562667 |
details, prediction |
Bitcoin
BTC
|
-0.35009554 |
details, prediction |
Ethereum
ETH
|
-0.23140462 |
details, prediction |
Monero
XMR
|
-0.05369929 |
details, prediction |
|
Second tier
|
Algorand
ALGO
|
-0.5018154 |
details, prediction |
Nexo
NEXO
|
-0.48857367 |
details, prediction |
Bitcoin SV
BSV
|
-0.42921403 |
details, prediction |
HoloToken
HOT
|
-0.42050922 |
details, prediction |
Chiliz
CHZ
|
-0.25204068 |
details, prediction |
|
Third tier
|
OPEN Platform
OPEN
|
-0.8690223 |
details, prediction |
Enjin Coin
ENJ
|
-0.7270451 |
details, prediction |
Ontology
ONT
|
-0.5544965 |
details, prediction |
Kambria
KAT
|
-0.51127815 |
details, prediction |
Metal
MTL
|
-0.43591878 |
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)