Highly correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
Cardano
ADA
|
0.96347445 |
details, prediction |
Litecoin
LTC
|
0.95819575 |
details, prediction |
Crypto.com Chain
CRO
|
0.952976 |
details, prediction |
Bitcoin Cash
BCH
|
0.9459863 |
details, prediction |
XRP
XRP
|
0.93546647 |
details, prediction |
|
Second tier
|
Theta Fuel
TFUEL
|
0.98551995 |
details, prediction |
Siacoin
SC
|
0.9626318 |
details, prediction |
Bitcoin Gold
BTG
|
0.9612912 |
details, prediction |
HoloToken
HOT
|
0.95614874 |
details, prediction |
Zilliqa
ZIL
|
0.95489484 |
details, prediction |
|
Third tier
|
ARK
ARK
|
0.98050356 |
details, prediction |
IoTeX
IOTX
|
0.97321683 |
details, prediction |
Lisk
LSK
|
0.9701485 |
details, prediction |
QuarkChain
QKC
|
0.9652272 |
details, prediction |
Internet of Services
IOST
|
0.96313804 |
details, prediction |
This report should be leaned to get most info about heading trends.
It means that Tezos 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 Tezos
Low correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
UNUS SED LEO
LEO
|
-0.99391884 |
details, prediction |
Stellar
XLM
|
-0.6247765 |
details, prediction |
TRON
TRX
|
-0.32473975 |
details, prediction |
ZCash
ZEC
|
-0.32087156 |
details, prediction |
Binance Coin
BNB
|
0.34610215 |
details, prediction |
|
Second tier
|
USD//Coin
USDC
|
-0.6940707 |
details, prediction |
Dai
DAI
|
-0.668601 |
details, prediction |
OriginTrail
TRAC
|
-0.575844 |
details, prediction |
True USD
TUSD
|
-0.40362024 |
details, prediction |
Telcoin
TEL
|
-0.2837172 |
details, prediction |
|
Third tier
|
OPEN Platform
OPEN
|
-0.3018179 |
details, prediction |
V Systems
VSYS
|
-0.13754375 |
details, prediction |
HEROcoin
PLAY
|
0.1616431 |
details, prediction |
FunFair
FUN
|
0.17593378 |
details, prediction |
Enjin Coin
ENJ
|
0.2211949 |
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)