Highly correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
TRON
TRX
|
0.7117376 |
details, prediction |
Binance Coin
BNB
|
0.46702513 |
details, prediction |
Monero
XMR
|
0.45140862 |
details, prediction |
Dogecoin
DOGE
|
0.25694656 |
details, prediction |
ChainLink
LINK
|
0.23768732 |
details, prediction |
|
Second tier
|
Telcoin
TEL
|
0.81821436 |
details, prediction |
DASH
DASH
|
0.7015676 |
details, prediction |
OriginTrail
TRAC
|
0.6497898 |
details, prediction |
Cosmos
ATOM
|
0.49269372 |
details, prediction |
FTX Token
FTT
|
0.28026927 |
details, prediction |
|
Third tier
|
V Systems
VSYS
|
0.6529182 |
details, prediction |
Constellation
DAG
|
0.40945563 |
details, prediction |
Chronobank
TIME
|
0.39340913 |
details, prediction |
Bancor
BNT
|
0.36173758 |
details, prediction |
Storj
STORJ
|
0.2440546 |
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
|
-0.23081361 |
details, prediction |
KuCoin Shares
KCS
|
-0.21789473 |
details, prediction |
Crypto.com Chain
CRO
|
-0.16656303 |
details, prediction |
Ethereum
ETH
|
-0.13524598 |
details, prediction |
Litecoin
LTC
|
-0.04028188 |
details, prediction |
|
Second tier
|
Bitcoin Gold
BTG
|
-0.45464334 |
details, prediction |
Verge
XVG
|
-0.295727 |
details, prediction |
Decred
DCR
|
-0.24209043 |
details, prediction |
Ardor
ARDR
|
-0.20081204 |
details, prediction |
aelf
ELF
|
-0.17456196 |
details, prediction |
|
Third tier
|
Komodo
KMD
|
-0.8118234 |
details, prediction |
BABB
BAX
|
-0.7310799 |
details, prediction |
Dent
DENT
|
-0.67120045 |
details, prediction |
FunFair
FUN
|
-0.66897905 |
details, prediction |
Ontology
ONT
|
-0.57049555 |
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)