Highly correlated currencies
Coin |
Correlation |
Links |
First tier
|
Binance Coin
BNB
|
0.9679917 |
details, prediction |
Bitcoin Cash
BCH
|
0.9579355 |
details, prediction |
Ethereum
ETH
|
0.9559017 |
details, prediction |
EOS
EOS
|
0.95408165 |
details, prediction |
Litecoin
LTC
|
0.9511075 |
details, prediction |
Second tier
|
Verge
XVG
|
0.96890193 |
details, prediction |
Ardor
ARDR
|
0.96498996 |
details, prediction |
Status
SNT
|
0.96474427 |
details, prediction |
Siacoin
SC
|
0.96319 |
details, prediction |
Power Ledger
POWR
|
0.95986193 |
details, prediction |
Third tier
|
Ambrosus
AMB
|
0.97059375 |
details, prediction |
BnkToTheFuture
BFT
|
0.96506846 |
details, prediction |
TenX
PAY
|
0.9648231 |
details, prediction |
GoChain
GO
|
0.9623816 |
details, prediction |
WaBi
WABI
|
0.957913 |
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
|
-0.33130348 |
details, prediction |
Monero
XMR
|
0.80191296 |
details, prediction |
UNUS SED LEO
LEO
|
0.817001 |
details, prediction |
KuCoin Shares
KCS
|
0.8675331 |
details, prediction |
Maker
MKR
|
0.88414824 |
details, prediction |
Second tier
|
True USD
TUSD
|
-0.5108115 |
details, prediction |
USD//Coin
USDC
|
-0.47712192 |
details, prediction |
Dai
DAI
|
-0.43205675 |
details, prediction |
EthLend
LEND
|
-0.36129647 |
details, prediction |
Paxos Standard
PAX
|
-0.30447719 |
details, prediction |
Third tier
|
Time New Bank
TNB
|
-0.7731677 |
details, prediction |
Gemini Dollar
GUSD
|
-0.7663964 |
details, prediction |
ILCoin
ILC
|
-0.615684 |
details, prediction |
FeatherCoin
FTC
|
-0.6115875 |
details, prediction |
Seele
SEELE
|
-0.58966833 |
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)