Highly correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
UNUS SED LEO
LEO
|
0.98970914 |
details, prediction |
TRON
TRX
|
0.721045 |
details, prediction |
Monero
XMR
|
0.5625619 |
details, prediction |
Dogecoin
DOGE
|
0.3979414 |
details, prediction |
Binance Coin
BNB
|
0.39553288 |
details, prediction |
|
Second tier
|
OriginTrail
TRAC
|
0.80436677 |
details, prediction |
DASH
DASH
|
0.7997029 |
details, prediction |
Cosmos
ATOM
|
0.7097142 |
details, prediction |
Telcoin
TEL
|
0.67958915 |
details, prediction |
Algorand
ALGO
|
0.47990102 |
details, prediction |
|
Third tier
|
V Systems
VSYS
|
0.6664815 |
details, prediction |
Bancor
BNT
|
0.49874535 |
details, prediction |
OPEN Platform
OPEN
|
0.38628584 |
details, prediction |
HEROcoin
PLAY
|
0.3695549 |
details, prediction |
Storj
STORJ
|
0.3055019 |
details, prediction |
This report should be leaned to get most info about heading trends.
It means that ZCash 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 ZCash
Low correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
Crypto.com Chain
CRO
|
-0.5611411 |
details, prediction |
Bitcoin Cash
BCH
|
-0.44331047 |
details, prediction |
KuCoin Shares
KCS
|
-0.29465002 |
details, prediction |
XRP
XRP
|
-0.22057684 |
details, prediction |
Cardano
ADA
|
-0.19853975 |
details, prediction |
|
Second tier
|
Bitcoin Gold
BTG
|
-0.653919 |
details, prediction |
Verge
XVG
|
-0.6118604 |
details, prediction |
Decred
DCR
|
-0.5482616 |
details, prediction |
Ardor
ARDR
|
-0.5151704 |
details, prediction |
DigiByte
DGB
|
-0.44823578 |
details, prediction |
|
Third tier
|
BABB
BAX
|
-0.8311538 |
details, prediction |
Dent
DENT
|
-0.8117 |
details, prediction |
FunFair
FUN
|
-0.7730383 |
details, prediction |
SingularityNET
AGI
|
-0.73216796 |
details, prediction |
SysCoin
SYS
|
-0.6658396 |
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)