Highly correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
Dogecoin
DOGE
|
0.9489096 |
details, prediction |
Ethereum Classic
ETC
|
0.94169146 |
details, prediction |
Cardano
ADA
|
0.940633 |
details, prediction |
XRP
XRP
|
0.93961567 |
details, prediction |
Bitcoin Cash
BCH
|
0.93582296 |
details, prediction |
|
Second tier
|
Siacoin
SC
|
0.9792709 |
details, prediction |
Ravencoin
RVN
|
0.97341377 |
details, prediction |
Waves
WAVES
|
0.9703421 |
details, prediction |
Theta
THETA
|
0.96755517 |
details, prediction |
Verge
XVG
|
0.9650144 |
details, prediction |
|
Third tier
|
Civic
CVC
|
0.9770862 |
details, prediction |
Lisk
LSK
|
0.9751265 |
details, prediction |
Internet of Services
IOST
|
0.97448534 |
details, prediction |
ARK
ARK
|
0.9737275 |
details, prediction |
ICON
ICX
|
0.97158176 |
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
|
Stellar
XLM
|
-0.47781858 |
details, prediction |
TRON
TRX
|
0.025067553 |
details, prediction |
ZCash
ZEC
|
0.09886065 |
details, prediction |
Monero
XMR
|
0.74170923 |
details, prediction |
Binance Coin
BNB
|
0.7510805 |
details, prediction |
|
Second tier
|
USD//Coin
USDC
|
-0.92633027 |
details, prediction |
Dai
DAI
|
-0.87123775 |
details, prediction |
True USD
TUSD
|
-0.66699225 |
details, prediction |
OriginTrail
TRAC
|
0.35605016 |
details, prediction |
DigiByte
DGB
|
0.37033832 |
details, prediction |
|
Third tier
|
Propy
PRO
|
-0.2556743 |
details, prediction |
V Systems
VSYS
|
-0.21329255 |
details, prediction |
Matrix AI Network
MAN
|
-0.13792853 |
details, prediction |
Phantasma
SOUL
|
-0.031995114 |
details, prediction |
NKN
NKN
|
0.32858714 |
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)