Highly correlated currencies
Coin |
Correlation |
Links |
First tier
|
XRP
XRP
|
0.91270137 |
details, prediction |
TRON
TRX
|
0.90955436 |
details, prediction |
EOS
EOS
|
0.9081291 |
details, prediction |
IOTA
IOT
|
0.90787256 |
details, prediction |
Litecoin
LTC
|
0.90564805 |
details, prediction |
Second tier
|
Loopring
LRC
|
0.9279101 |
details, prediction |
Ontology
ONT
|
0.92687136 |
details, prediction |
Cortex
CTXC
|
0.92373604 |
details, prediction |
QTUM
QTUM
|
0.9234124 |
details, prediction |
OmiseGo
OMG
|
0.91878027 |
details, prediction |
Third tier
|
Bancor
BNT
|
0.9642359 |
details, prediction |
Gulden
NLG
|
0.93798333 |
details, prediction |
Denarius
DNR
|
0.9357895 |
details, prediction |
SpankChain
SPANK
|
0.9329985 |
details, prediction |
HEROcoin
PLAY
|
0.93269104 |
details, prediction |
This report should be leaned to get most info about heading trends.
It means that ZetaCoin 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 ZetaCoin
Low correlated currencies
Coin |
Correlation |
Links |
First tier
|
Ethereum Classic
ETC
|
0.28678584 |
details, prediction |
Binance Coin
BNB
|
0.47284546 |
details, prediction |
Vechain
VET
|
0.5350613 |
details, prediction |
Stellar
XLM
|
0.54477835 |
details, prediction |
Bitcoin
BTC
|
0.5626508 |
details, prediction |
Second tier
|
Dai
DAI
|
-0.015167076 |
details, prediction |
DigiByte
DGB
|
0.1060227 |
details, prediction |
Basic Attention Token
BAT
|
0.32072702 |
details, prediction |
Decentraland
MANA
|
0.35518244 |
details, prediction |
True USD
TUSD
|
0.40425116 |
details, prediction |
Third tier
|
ODEM
ODEM
|
-0.7653808 |
details, prediction |
Metaverse
ETP
|
-0.744889 |
details, prediction |
AurumCoin
AU
|
-0.61099327 |
details, prediction |
Zilbercoin
ZBC
|
-0.60737574 |
details, prediction |
Unobtanium
UNO
|
-0.5298768 |
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)