Highly correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
KuCoin Shares
KCS
|
0.6877653 |
details, prediction |
Bitcoin Cash
BCH
|
0.62218887 |
details, prediction |
Ethereum Classic
ETC
|
0.5433355 |
details, prediction |
Cardano
ADA
|
0.48648292 |
details, prediction |
XRP
XRP
|
0.43648165 |
details, prediction |
|
Second tier
|
QTUM
QTUM
|
0.8545189 |
details, prediction |
Vechain
VET
|
0.75331026 |
details, prediction |
Decentraland
MANA
|
0.72612476 |
details, prediction |
Status
SNT
|
0.7246364 |
details, prediction |
Siacoin
SC
|
0.71857464 |
details, prediction |
|
Third tier
|
Loopring
LRC
|
0.8766463 |
details, prediction |
AdEx
ADX
|
0.82994556 |
details, prediction |
Power Ledger
POWR
|
0.8105932 |
details, prediction |
ICON
ICX
|
0.7709896 |
details, prediction |
Internet of Services
IOST
|
0.70745456 |
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
|
UNUS SED LEO
LEO
|
-0.5188937 |
details, prediction |
TRON
TRX
|
-0.37460807 |
details, prediction |
Ethereum
ETH
|
0.0106084915 |
details, prediction |
ZCash
ZEC
|
0.013024448 |
details, prediction |
Bitcoin
BTC
|
0.022704666 |
details, prediction |
|
Second tier
|
Nexo
NEXO
|
-0.5857471 |
details, prediction |
Decred
DCR
|
-0.3777824 |
details, prediction |
HoloToken
HOT
|
-0.25344542 |
details, prediction |
Bitcoin SV
BSV
|
0.07594872 |
details, prediction |
Algorand
ALGO
|
0.22164492 |
details, prediction |
|
Third tier
|
Propy
PRO
|
-0.57520765 |
details, prediction |
V Systems
VSYS
|
-0.42057508 |
details, prediction |
Kambria
KAT
|
-0.37694407 |
details, prediction |
Steem
STEEM
|
-0.2813901 |
details, prediction |
Dent
DENT
|
-0.25802046 |
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)