Highly correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
KuCoin Shares
KCS
|
0.9270134 |
details, prediction |
Litecoin
LTC
|
0.9098373 |
details, prediction |
Bitcoin Cash
BCH
|
0.90596765 |
details, prediction |
Ethereum
ETH
|
0.90460855 |
details, prediction |
Cardano
ADA
|
0.866722 |
details, prediction |
|
Second tier
|
Vechain
VET
|
0.94664747 |
details, prediction |
Status
SNT
|
0.93442607 |
details, prediction |
Ravencoin
RVN
|
0.9296823 |
details, prediction |
Waves
WAVES
|
0.91512245 |
details, prediction |
aelf
ELF
|
0.9085928 |
details, prediction |
|
Third tier
|
LAToken
LA
|
0.95571715 |
details, prediction |
Power Ledger
POWR
|
0.9409256 |
details, prediction |
Lisk
LSK
|
0.9200486 |
details, prediction |
ICON
ICX
|
0.9107364 |
details, prediction |
Internet of Services
IOST
|
0.89649546 |
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
|
Stellar
XLM
|
-0.58608127 |
details, prediction |
UNUS SED LEO
LEO
|
-0.25657058 |
details, prediction |
ZCash
ZEC
|
-0.22108108 |
details, prediction |
TRON
TRX
|
-0.1562853 |
details, prediction |
Binance Coin
BNB
|
0.11887233 |
details, prediction |
|
Second tier
|
OriginTrail
TRAC
|
-0.5501681 |
details, prediction |
Dai
DAI
|
-0.4586462 |
details, prediction |
USD//Coin
USDC
|
-0.3976284 |
details, prediction |
Telcoin
TEL
|
-0.39104939 |
details, prediction |
True USD
TUSD
|
-0.10256863 |
details, prediction |
|
Third tier
|
Chronobank
TIME
|
-0.43990007 |
details, prediction |
Komodo
KMD
|
-0.38346386 |
details, prediction |
FunFair
FUN
|
-0.346561 |
details, prediction |
V Systems
VSYS
|
-0.12696376 |
details, prediction |
OPEN Platform
OPEN
|
-0.044662543 |
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)