Highly correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
Ethereum Classic
ETC
|
0.8753261 |
details, prediction |
Litecoin
LTC
|
0.83693963 |
details, prediction |
ZCash
ZEC
|
0.80703664 |
details, prediction |
Stellar
XLM
|
0.78624177 |
details, prediction |
Bitcoin Cash
BCH
|
0.75382936 |
details, prediction |
|
Second tier
|
NEO
NEO
|
0.90900934 |
details, prediction |
Siacoin
SC
|
0.87755084 |
details, prediction |
0x
ZRX
|
0.8730665 |
details, prediction |
Decentraland
MANA
|
0.86421865 |
details, prediction |
Zilliqa
ZIL
|
0.8637829 |
details, prediction |
|
Third tier
|
Kyber Network
KNC
|
0.9211361 |
details, prediction |
Power Ledger
POWR
|
0.89216673 |
details, prediction |
Steem
STEEM
|
0.8767303 |
details, prediction |
Civic
CVC
|
0.85924953 |
details, prediction |
QuarkChain
QKC
|
0.8512797 |
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
|
0.25705528 |
details, prediction |
Monero
XMR
|
0.59753305 |
details, prediction |
KuCoin Shares
KCS
|
0.60326314 |
details, prediction |
Ethereum
ETH
|
0.6328178 |
details, prediction |
ChainLink
LINK
|
0.66025716 |
details, prediction |
|
Second tier
|
Ravencoin
RVN
|
-0.51635766 |
details, prediction |
USD//Coin
USDC
|
-0.26550102 |
details, prediction |
True USD
TUSD
|
-0.23706847 |
details, prediction |
DigiByte
DGB
|
0.113504626 |
details, prediction |
aelf
ELF
|
0.12122734 |
details, prediction |
|
Third tier
|
OPEN Platform
OPEN
|
-0.60980916 |
details, prediction |
HEROcoin
PLAY
|
-0.60189545 |
details, prediction |
ICON
ICX
|
-0.4135945 |
details, prediction |
NKN
NKN
|
-0.40314218 |
details, prediction |
Propy
PRO
|
-0.34817603 |
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)