Highly correlated currencies
Coin |
Correlation |
Links |
First tier
|
Litecoin
LTC
|
0.7392509 |
details, prediction |
Ethereum Classic
ETC
|
0.6976783 |
details, prediction |
Monero
XMR
|
0.66259706 |
details, prediction |
UNUS SED LEO
LEO
|
0.66224897 |
details, prediction |
Bitcoin
BTC
|
0.66142136 |
details, prediction |
Second tier
|
Theta Fuel
TFUEL
|
0.8237005 |
details, prediction |
Ethos (Bitquence)
BQX
|
0.7969257 |
details, prediction |
Lisk
LSK
|
0.7748223 |
details, prediction |
Waves
WAVES
|
0.77355987 |
details, prediction |
ICON
ICX
|
0.7666608 |
details, prediction |
Third tier
|
Unobtanium
UNO
|
0.87539744 |
details, prediction |
Santiment
SAN
|
0.81887823 |
details, prediction |
Omnitude
ECOM
|
0.79266346 |
details, prediction |
ByteCoin
BCN
|
0.78346074 |
details, prediction |
PotCoin
POT
|
0.7795125 |
details, prediction |
This report should be leaned to get most info about heading trends.
It means that 0xBitcoin 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 0xBitcoin
Low correlated currencies
Coin |
Correlation |
Links |
First tier
|
SONM
SNM
|
-0.6557381 |
details, prediction |
Matic Network
MATIC
|
-0.5595066 |
details, prediction |
Vechain
VET
|
-0.5354435 |
details, prediction |
Cosmos
ATOM
|
-0.47672954 |
details, prediction |
Chiliz
CHZ
|
-0.42180783 |
details, prediction |
Second tier
|
Synthetix Network Token
SNX
|
-0.7518792 |
details, prediction |
FTX Token
FTT
|
-0.63535 |
details, prediction |
EthLend
LEND
|
-0.60529864 |
details, prediction |
Horizen
ZEN
|
-0.5772132 |
details, prediction |
iEx.ec
RLC
|
-0.5553287 |
details, prediction |
Third tier
|
Electra
ECA
|
-0.73376197 |
details, prediction |
Seele
SEELE
|
-0.7049931 |
details, prediction |
Blockport
BPT
|
-0.6786329 |
details, prediction |
Ripio
RCN
|
-0.6571832 |
details, prediction |
Cryptonex
CNX
|
-0.65277165 |
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)