Highly correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
Stellar
XLM
|
0.83122456 |
details, prediction |
Ethereum Classic
ETC
|
0.8051537 |
details, prediction |
Dogecoin
DOGE
|
0.7404793 |
details, prediction |
Bitcoin Cash
BCH
|
0.702553 |
details, prediction |
KuCoin Shares
KCS
|
0.67089695 |
details, prediction |
|
Second tier
|
Synthetix Network Token
SNX
|
0.9043446 |
details, prediction |
Basic Attention Token
BAT
|
0.9011539 |
details, prediction |
NEO
NEO
|
0.89639705 |
details, prediction |
Zilliqa
ZIL
|
0.88580894 |
details, prediction |
iEx.ec
RLC
|
0.8745515 |
details, prediction |
|
Third tier
|
Civic
CVC
|
0.93865573 |
details, prediction |
ARK
ARK
|
0.9103114 |
details, prediction |
Power Ledger
POWR
|
0.89025986 |
details, prediction |
Kyber Network
KNC
|
0.8868429 |
details, prediction |
Internet of Services
IOST
|
0.88315356 |
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
|
Monero
XMR
|
-0.27387348 |
details, prediction |
ChainLink
LINK
|
-0.12077842 |
details, prediction |
Ethereum
ETH
|
-0.106616095 |
details, prediction |
ZCash
ZEC
|
-0.055639483 |
details, prediction |
Bitcoin
BTC
|
0.15000726 |
details, prediction |
|
Second tier
|
Dai
DAI
|
-0.8479211 |
details, prediction |
DigiByte
DGB
|
-0.3995299 |
details, prediction |
Bitcoin SV
BSV
|
-0.11243345 |
details, prediction |
Decred
DCR
|
0.047624923 |
details, prediction |
USD//Coin
USDC
|
0.05152203 |
details, prediction |
|
Third tier
|
V Systems
VSYS
|
-0.38064137 |
details, prediction |
NKN
NKN
|
-0.30647206 |
details, prediction |
Propy
PRO
|
-0.23974422 |
details, prediction |
Dent
DENT
|
0.043020155 |
details, prediction |
AdEx
ADX
|
0.059963357 |
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)