Highly correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
Crypto.com Chain
CRO
|
0.91507864 |
details, prediction |
Cardano
ADA
|
0.8873852 |
details, prediction |
XRP
XRP
|
0.85460806 |
details, prediction |
Binance Coin
BNB
|
0.8531156 |
details, prediction |
Ethereum Classic
ETC
|
0.8042095 |
details, prediction |
|
Second tier
|
Bitcoin Gold
BTG
|
0.93807 |
details, prediction |
Telcoin
TEL
|
0.8946562 |
details, prediction |
DigiByte
DGB
|
0.8822571 |
details, prediction |
Status
SNT
|
0.8819333 |
details, prediction |
IOTA
IOT
|
0.8704422 |
details, prediction |
|
Third tier
|
Stox
STX
|
0.9512818 |
details, prediction |
SingularityNET
AGI
|
0.8798984 |
details, prediction |
Internet of Services
IOST
|
0.87982315 |
details, prediction |
SwftCoin
SWFTC
|
0.8787714 |
details, prediction |
ARK
ARK
|
0.8497052 |
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
|
TRON
TRX
|
-0.7286823 |
details, prediction |
ZCash
ZEC
|
-0.1138267 |
details, prediction |
Ethereum
ETH
|
0.22140598 |
details, prediction |
UNUS SED LEO
LEO
|
0.24385487 |
details, prediction |
Bitcoin
BTC
|
0.2963411 |
details, prediction |
|
Second tier
|
Nexo
NEXO
|
-0.4712289 |
details, prediction |
Algorand
ALGO
|
-0.13478526 |
details, prediction |
Bitcoin SV
BSV
|
-0.04516893 |
details, prediction |
Decred
DCR
|
0.06981099 |
details, prediction |
HoloToken
HOT
|
0.13763368 |
details, prediction |
|
Third tier
|
Ontology
ONT
|
-0.6207621 |
details, prediction |
OPEN Platform
OPEN
|
-0.36234182 |
details, prediction |
V Systems
VSYS
|
-0.3458028 |
details, prediction |
Enjin Coin
ENJ
|
-0.2911681 |
details, prediction |
NKN
NKN
|
-0.17360722 |
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)