Highly correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
KuCoin Shares
KCS
|
0.85603255 |
details, prediction |
Ethereum
ETH
|
0.75864094 |
details, prediction |
Bitcoin
BTC
|
0.7275823 |
details, prediction |
Crypto.com Chain
CRO
|
0.65141505 |
details, prediction |
Litecoin
LTC
|
0.58898246 |
details, prediction |
|
Second tier
|
EOS
EOS
|
0.97122335 |
details, prediction |
Synthetix Network Token
SNX
|
0.7660462 |
details, prediction |
DASH
DASH
|
0.76147074 |
details, prediction |
Algorand
ALGO
|
0.68124443 |
details, prediction |
NEO
NEO
|
0.6503586 |
details, prediction |
|
Third tier
|
Kleros
PNK
|
0.98380876 |
details, prediction |
Streamr DATAcoin
DATA
|
0.8890605 |
details, prediction |
Loopring
LRC
|
0.81134087 |
details, prediction |
Phantasma
SOUL
|
0.7861031 |
details, prediction |
Metal
MTL
|
0.68746215 |
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
|
-0.16445656 |
details, prediction |
Bitcoin Cash
BCH
|
0.27239937 |
details, prediction |
UNUS SED LEO
LEO
|
0.30908895 |
details, prediction |
Binance Coin
BNB
|
0.384192 |
details, prediction |
Stellar
XLM
|
0.4166887 |
details, prediction |
|
Second tier
|
Dai
DAI
|
-0.3895013 |
details, prediction |
Decred
DCR
|
-0.24917912 |
details, prediction |
True USD
TUSD
|
0.004848999 |
details, prediction |
Verge
XVG
|
0.1565544 |
details, prediction |
Zilliqa
ZIL
|
0.17052777 |
details, prediction |
|
Third tier
|
Kambria
KAT
|
-0.67420226 |
details, prediction |
FunFair
FUN
|
-0.3852414 |
details, prediction |
Dent
DENT
|
-0.33296564 |
details, prediction |
Dero
DERO
|
-0.27650145 |
details, prediction |
Wanchain
WAN
|
-0.2066301 |
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)