Highly correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
Cardano
ADA
|
0.9477608 |
details, prediction |
Crypto.com Chain
CRO
|
0.94729245 |
details, prediction |
Litecoin
LTC
|
0.94470644 |
details, prediction |
XRP
XRP
|
0.93342805 |
details, prediction |
Bitcoin Cash
BCH
|
0.9218886 |
details, prediction |
|
Second tier
|
Theta Fuel
TFUEL
|
0.9806776 |
details, prediction |
Siacoin
SC
|
0.9464166 |
details, prediction |
Bitcoin Gold
BTG
|
0.94371736 |
details, prediction |
Zilliqa
ZIL
|
0.9429509 |
details, prediction |
HoloToken
HOT
|
0.94122756 |
details, prediction |
|
Third tier
|
ARK
ARK
|
0.97214776 |
details, prediction |
IoTeX
IOTX
|
0.96259296 |
details, prediction |
QuarkChain
QKC
|
0.96077526 |
details, prediction |
Lisk
LSK
|
0.9562061 |
details, prediction |
LAToken
LA
|
0.9479679 |
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
|
-0.51595384 |
details, prediction |
TRON
TRX
|
-0.4466579 |
details, prediction |
ZCash
ZEC
|
-0.30059707 |
details, prediction |
Binance Coin
BNB
|
0.28750423 |
details, prediction |
|
Second tier
|
USD//Coin
USDC
|
-0.6672671 |
details, prediction |
Dai
DAI
|
-0.63876164 |
details, prediction |
OriginTrail
TRAC
|
-0.52543575 |
details, prediction |
True USD
TUSD
|
-0.35921308 |
details, prediction |
Telcoin
TEL
|
-0.2726814 |
details, prediction |
|
Third tier
|
V Systems
VSYS
|
-0.23848018 |
details, prediction |
HEROcoin
PLAY
|
-0.109820664 |
details, prediction |
OPEN Platform
OPEN
|
-0.09347264 |
details, prediction |
FunFair
FUN
|
0.17593378 |
details, prediction |
Enjin Coin
ENJ
|
0.19204564 |
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)