Highly correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
Bitcoin Cash
BCH
|
0.68906194 |
details, prediction |
KuCoin Shares
KCS
|
0.63266546 |
details, prediction |
Cardano
ADA
|
0.41080832 |
details, prediction |
XRP
XRP
|
0.247611 |
details, prediction |
Litecoin
LTC
|
0.20898812 |
details, prediction |
|
Second tier
|
Vechain
VET
|
0.82523745 |
details, prediction |
QTUM
QTUM
|
0.7681097 |
details, prediction |
Ravencoin
RVN
|
0.7434673 |
details, prediction |
Decentraland
MANA
|
0.69473284 |
details, prediction |
Status
SNT
|
0.6633422 |
details, prediction |
|
Third tier
|
LAToken
LA
|
0.87998813 |
details, prediction |
AdEx
ADX
|
0.8639114 |
details, prediction |
Loopring
LRC
|
0.8476517 |
details, prediction |
Power Ledger
POWR
|
0.808 |
details, prediction |
ICON
ICX
|
0.76268995 |
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
|
-0.7017636 |
details, prediction |
TRON
TRX
|
-0.43399996 |
details, prediction |
Binance Coin
BNB
|
-0.3859336 |
details, prediction |
Monero
XMR
|
-0.36274692 |
details, prediction |
ZCash
ZEC
|
-0.30479667 |
details, prediction |
|
Second tier
|
Telcoin
TEL
|
-0.5604399 |
details, prediction |
OriginTrail
TRAC
|
-0.5407482 |
details, prediction |
Synthetix Network Token
SNX
|
-0.22384603 |
details, prediction |
Bitcoin Gold
BTG
|
-0.20599505 |
details, prediction |
Cosmos
ATOM
|
-0.17289653 |
details, prediction |
|
Third tier
|
Stox
STX
|
-0.5638702 |
details, prediction |
Constellation
DAG
|
-0.45007685 |
details, prediction |
V Systems
VSYS
|
-0.44287887 |
details, prediction |
Chronobank
TIME
|
-0.43990007 |
details, prediction |
Matrix AI Network
MAN
|
-0.27521682 |
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)