Highly correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
Ethereum Classic
ETC
|
0.5544547 |
details, prediction |
Cardano
ADA
|
0.5499901 |
details, prediction |
ZCash
ZEC
|
0.53565216 |
details, prediction |
Stellar
XLM
|
0.5281973 |
details, prediction |
Litecoin
LTC
|
0.52250016 |
details, prediction |
|
Second tier
|
Algorand
ALGO
|
0.79902756 |
details, prediction |
Siacoin
SC
|
0.7891168 |
details, prediction |
OriginTrail
TRAC
|
0.78861856 |
details, prediction |
HoloToken
HOT
|
0.7752921 |
details, prediction |
Ravencoin
RVN
|
0.7734796 |
details, prediction |
|
Third tier
|
Wanchain
WAN
|
0.86295503 |
details, prediction |
Chronobank
TIME
|
0.84017503 |
details, prediction |
Ontology
ONT
|
0.8161912 |
details, prediction |
AdEx
ADX
|
0.8055593 |
details, prediction |
SysCoin
SYS
|
0.7852091 |
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
|
Binance Coin
BNB
|
-0.035422076 |
details, prediction |
TRON
TRX
|
-0.011277984 |
details, prediction |
KuCoin Shares
KCS
|
0.10540503 |
details, prediction |
UNUS SED LEO
LEO
|
0.18187389 |
details, prediction |
Crypto.com Chain
CRO
|
0.41141453 |
details, prediction |
|
Second tier
|
Dai
DAI
|
-0.0018472683 |
details, prediction |
True USD
TUSD
|
0.1308643 |
details, prediction |
Decred
DCR
|
0.2515211 |
details, prediction |
Bitcoin SV
BSV
|
0.4569875 |
details, prediction |
Theta
THETA
|
0.45836002 |
details, prediction |
|
Third tier
|
HEROcoin
PLAY
|
-0.046512395 |
details, prediction |
Constellation
DAG
|
0.10572436 |
details, prediction |
Dero
DERO
|
0.26066425 |
details, prediction |
Streamr DATAcoin
DATA
|
0.31035894 |
details, prediction |
BOScoin
BOS
|
0.34792176 |
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)