Highly correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
Stellar
XLM
|
0.7842294 |
details, prediction |
Ethereum Classic
ETC
|
0.69468236 |
details, prediction |
KuCoin Shares
KCS
|
0.59136236 |
details, prediction |
Dogecoin
DOGE
|
0.4908808 |
details, prediction |
Bitcoin Cash
BCH
|
0.47058946 |
details, prediction |
|
Second tier
|
Basic Attention Token
BAT
|
0.86017513 |
details, prediction |
Status
SNT
|
0.82800376 |
details, prediction |
Waves
WAVES
|
0.8047464 |
details, prediction |
FTX Token
FTT
|
0.7806728 |
details, prediction |
Tezos
XTZ
|
0.7802765 |
details, prediction |
|
Third tier
|
PIVX
PIVX
|
0.8359326 |
details, prediction |
SwftCoin
SWFTC
|
0.72945696 |
details, prediction |
ARK
ARK
|
0.67060924 |
details, prediction |
Enjin Coin
ENJ
|
0.64929926 |
details, prediction |
Power Ledger
POWR
|
0.6444389 |
details, prediction |
This report should be leaned to get most info about heading trends.
It means that Zilliqa 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 Zilliqa
Low correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
Monero
XMR
|
0.014297873 |
details, prediction |
Ethereum
ETH
|
0.055200014 |
details, prediction |
TRON
TRX
|
0.059104156 |
details, prediction |
ChainLink
LINK
|
0.06439084 |
details, prediction |
Cardano
ADA
|
0.096540645 |
details, prediction |
|
Second tier
|
DigiByte
DGB
|
-0.4433564 |
details, prediction |
Dai
DAI
|
-0.29269728 |
details, prediction |
Decred
DCR
|
0.097846895 |
details, prediction |
Ravencoin
RVN
|
0.120586164 |
details, prediction |
USD//Coin
USDC
|
0.1830356 |
details, prediction |
|
Third tier
|
V Systems
VSYS
|
-0.38323072 |
details, prediction |
HEROcoin
PLAY
|
-0.31955466 |
details, prediction |
NKN
NKN
|
-0.26769143 |
details, prediction |
Constellation
DAG
|
-0.17969374 |
details, prediction |
AdEx
ADX
|
-0.17938153 |
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)