Highly correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
Ethereum Classic
ETC
|
0.9361165 |
details, prediction |
Litecoin
LTC
|
0.9311477 |
details, prediction |
Cardano
ADA
|
0.90751714 |
details, prediction |
Stellar
XLM
|
0.88909847 |
details, prediction |
Monero
XMR
|
0.869292 |
details, prediction |
|
Second tier
|
NEO
NEO
|
0.9583816 |
details, prediction |
IOTA
IOT
|
0.94135237 |
details, prediction |
EOS
EOS
|
0.9193213 |
details, prediction |
Status
SNT
|
0.9188852 |
details, prediction |
Telcoin
TEL
|
0.91178423 |
details, prediction |
|
Third tier
|
Internet of Services
IOST
|
0.9205274 |
details, prediction |
ICON
ICX
|
0.90748715 |
details, prediction |
Phantasma
SOUL
|
0.9023411 |
details, prediction |
IoTeX
IOTX
|
0.8980783 |
details, prediction |
Storj
STORJ
|
0.89581376 |
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
|
-0.4358381 |
details, prediction |
Binance Coin
BNB
|
0.29024583 |
details, prediction |
Dogecoin
DOGE
|
0.4435114 |
details, prediction |
UNUS SED LEO
LEO
|
0.6420589 |
details, prediction |
XRP
XRP
|
0.64206403 |
details, prediction |
|
Second tier
|
Dai
DAI
|
-0.54596376 |
details, prediction |
True USD
TUSD
|
-0.23807871 |
details, prediction |
Decred
DCR
|
0.054754205 |
details, prediction |
Verge
XVG
|
0.20238355 |
details, prediction |
Zilliqa
ZIL
|
0.3239252 |
details, prediction |
|
Third tier
|
HEROcoin
PLAY
|
-0.79999477 |
details, prediction |
Constellation
DAG
|
-0.41858244 |
details, prediction |
BOScoin
BOS
|
-0.19279617 |
details, prediction |
Dero
DERO
|
-0.16843429 |
details, prediction |
Elastos
ELA
|
0.52267 |
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)