Highly correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
Ethereum
ETH
|
0.9727386 |
details, prediction |
Cardano
ADA
|
0.9684956 |
details, prediction |
Stellar
XLM
|
0.963736 |
details, prediction |
Litecoin
LTC
|
0.95975226 |
details, prediction |
Ethereum Classic
ETC
|
0.9532959 |
details, prediction |
|
Second tier
|
EOS
EOS
|
0.96253985 |
details, prediction |
DASH
DASH
|
0.9528927 |
details, prediction |
IOTA
IOT
|
0.9163163 |
details, prediction |
Basic Attention Token
BAT
|
0.9053972 |
details, prediction |
Request Network
REQ
|
0.90344447 |
details, prediction |
|
Third tier
|
Kleros
PNK
|
0.9836233 |
details, prediction |
Bancor
BNT
|
0.92683065 |
details, prediction |
ICON
ICX
|
0.90730846 |
details, prediction |
Kyber Network
KNC
|
0.90500504 |
details, prediction |
Internet of Services
IOST
|
0.90232563 |
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
|
TRON
TRX
|
-0.4082028 |
details, prediction |
Binance Coin
BNB
|
0.42412892 |
details, prediction |
Dogecoin
DOGE
|
0.50779986 |
details, prediction |
Crypto.com Chain
CRO
|
0.6901142 |
details, prediction |
ChainLink
LINK
|
0.75726897 |
details, prediction |
|
Second tier
|
Dai
DAI
|
-0.5529732 |
details, prediction |
True USD
TUSD
|
-0.21745144 |
details, prediction |
Decred
DCR
|
-0.13973328 |
details, prediction |
Zilliqa
ZIL
|
0.0068002613 |
details, prediction |
Verge
XVG
|
0.12805149 |
details, prediction |
|
Third tier
|
Constellation
DAG
|
-0.82547295 |
details, prediction |
HEROcoin
PLAY
|
-0.5371712 |
details, prediction |
BOScoin
BOS
|
-0.22776271 |
details, prediction |
Dero
DERO
|
-0.20969424 |
details, prediction |
Stox
STX
|
0.4226185 |
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)