Highly correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
Bitcoin Cash
BCH
|
0.85448545 |
details, prediction |
KuCoin Shares
KCS
|
0.8092532 |
details, prediction |
ZCash
ZEC
|
0.71876764 |
details, prediction |
Dogecoin
DOGE
|
0.68375367 |
details, prediction |
Ethereum Classic
ETC
|
0.67691225 |
details, prediction |
|
Second tier
|
Siacoin
SC
|
0.93455195 |
details, prediction |
Status
SNT
|
0.9331405 |
details, prediction |
Waves
WAVES
|
0.93245524 |
details, prediction |
Request Network
REQ
|
0.9212522 |
details, prediction |
Bitcoin Gold
BTG
|
0.91490525 |
details, prediction |
|
Third tier
|
Chronobank
TIME
|
0.93202645 |
details, prediction |
Elastos
ELA
|
0.92229986 |
details, prediction |
AdEx
ADX
|
0.91374075 |
details, prediction |
Loopring
LRC
|
0.90316826 |
details, prediction |
Stox
STX
|
0.8974602 |
details, prediction |
This report should be leaned to get most info about heading trends.
It means that Gas 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 Gas
Low correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
TRON
TRX
|
-0.33927122 |
details, prediction |
UNUS SED LEO
LEO
|
-0.1738492 |
details, prediction |
Binance Coin
BNB
|
0.4318241 |
details, prediction |
Ethereum
ETH
|
0.4546911 |
details, prediction |
Stellar
XLM
|
0.49103814 |
details, prediction |
|
Second tier
|
Decred
DCR
|
-0.61949456 |
details, prediction |
Dai
DAI
|
0.033561107 |
details, prediction |
Nexo
NEXO
|
0.18823059 |
details, prediction |
HoloToken
HOT
|
0.40895885 |
details, prediction |
Verge
XVG
|
0.44676703 |
details, prediction |
|
Third tier
|
Dent
DENT
|
-0.5611361 |
details, prediction |
Propy
PRO
|
-0.15900889 |
details, prediction |
BABB
BAX
|
-0.110738635 |
details, prediction |
FunFair
FUN
|
0.061273646 |
details, prediction |
Steem
STEEM
|
0.24614298 |
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)