Highly correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
UNUS SED LEO
LEO
|
0.9202781 |
details, prediction |
Monero
XMR
|
0.80199313 |
details, prediction |
TRON
TRX
|
0.7446632 |
details, prediction |
Bitcoin
BTC
|
0.7279577 |
details, prediction |
ChainLink
LINK
|
0.7021475 |
details, prediction |
|
Second tier
|
DASH
DASH
|
0.89172345 |
details, prediction |
OriginTrail
TRAC
|
0.7877656 |
details, prediction |
Cosmos
ATOM
|
0.69888824 |
details, prediction |
Telcoin
TEL
|
0.68631595 |
details, prediction |
Algorand
ALGO
|
0.64257014 |
details, prediction |
|
Third tier
|
Bancor
BNT
|
0.78132457 |
details, prediction |
Storj
STORJ
|
0.6494148 |
details, prediction |
V Systems
VSYS
|
0.6459714 |
details, prediction |
Constellation
DAG
|
0.56831694 |
details, prediction |
HEROcoin
PLAY
|
0.5591401 |
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
|
Bitcoin Cash
BCH
|
-0.6761997 |
details, prediction |
Crypto.com Chain
CRO
|
-0.5912921 |
details, prediction |
Stellar
XLM
|
-0.33580625 |
details, prediction |
Cardano
ADA
|
-0.20670336 |
details, prediction |
KuCoin Shares
KCS
|
-0.20447677 |
details, prediction |
|
Second tier
|
Verge
XVG
|
-0.69332737 |
details, prediction |
Bitcoin Gold
BTG
|
-0.6815343 |
details, prediction |
Decred
DCR
|
-0.6143203 |
details, prediction |
Ardor
ARDR
|
-0.58204246 |
details, prediction |
Theta Fuel
TFUEL
|
-0.50110906 |
details, prediction |
|
Third tier
|
LAToken
LA
|
-0.92405564 |
details, prediction |
SingularityNET
AGI
|
-0.86922765 |
details, prediction |
SysCoin
SYS
|
-0.80926657 |
details, prediction |
BABB
BAX
|
-0.80865955 |
details, prediction |
FunFair
FUN
|
-0.77573574 |
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)