Highly correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
Binance Coin
BNB
|
0.939427 |
details, prediction |
Monero
XMR
|
0.91058534 |
details, prediction |
Litecoin
LTC
|
0.9045159 |
details, prediction |
Ethereum
ETH
|
0.89085084 |
details, prediction |
ChainLink
LINK
|
0.8892307 |
details, prediction |
|
Second tier
|
Horizen
ZEN
|
0.972017 |
details, prediction |
Vechain
VET
|
0.96555054 |
details, prediction |
0x
ZRX
|
0.93128157 |
details, prediction |
DASH
DASH
|
0.9278935 |
details, prediction |
Theta
THETA
|
0.918421 |
details, prediction |
|
Third tier
|
Stox
STX
|
0.87827635 |
details, prediction |
QuarkChain
QKC
|
0.85129476 |
details, prediction |
Steem
STEEM
|
0.8338438 |
details, prediction |
Kyber Network
KNC
|
0.83202684 |
details, prediction |
Bancor
BNT
|
0.81678003 |
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
|
KuCoin Shares
KCS
|
0.16900092 |
details, prediction |
Stellar
XLM
|
0.17021286 |
details, prediction |
TRON
TRX
|
0.21692811 |
details, prediction |
Bitcoin Cash
BCH
|
0.6598522 |
details, prediction |
Ethereum Classic
ETC
|
0.74493635 |
details, prediction |
|
Second tier
|
Ravencoin
RVN
|
-0.8079505 |
details, prediction |
USD//Coin
USDC
|
-0.67675096 |
details, prediction |
True USD
TUSD
|
-0.6530075 |
details, prediction |
aelf
ELF
|
-0.5711813 |
details, prediction |
Telcoin
TEL
|
-0.45720857 |
details, prediction |
|
Third tier
|
Matrix AI Network
MAN
|
-0.8154369 |
details, prediction |
ICON
ICX
|
-0.8122505 |
details, prediction |
Storj
STORJ
|
-0.69844276 |
details, prediction |
OPEN Platform
OPEN
|
-0.64957154 |
details, prediction |
HEROcoin
PLAY
|
-0.5642561 |
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)