Highly correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
Crypto.com Chain
CRO
|
0.21160388 |
details, prediction |
ChainLink
LINK
|
0.13783216 |
details, prediction |
Bitcoin Cash
BCH
|
0.062057767 |
details, prediction |
Dogecoin
DOGE
|
0.03037028 |
details, prediction |
Cardano
ADA
|
0.025959408 |
details, prediction |
|
Second tier
|
Decred
DCR
|
0.5210342 |
details, prediction |
Ravencoin
RVN
|
0.418631 |
details, prediction |
DigiByte
DGB
|
0.34539244 |
details, prediction |
OriginTrail
TRAC
|
0.33720058 |
details, prediction |
Tezos
XTZ
|
0.329172 |
details, prediction |
|
Third tier
|
Stox
STX
|
0.7505556 |
details, prediction |
Constellation
DAG
|
0.6391165 |
details, prediction |
OPEN Platform
OPEN
|
0.5563753 |
details, prediction |
Gas
GAS
|
0.4940398 |
details, prediction |
AdEx
ADX
|
0.3099494 |
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
|
Binance Coin
BNB
|
-0.38873136 |
details, prediction |
Monero
XMR
|
-0.31644756 |
details, prediction |
Ethereum
ETH
|
-0.20045218 |
details, prediction |
Bitcoin
BTC
|
-0.16637579 |
details, prediction |
KuCoin Shares
KCS
|
-0.14790733 |
details, prediction |
|
Second tier
|
Ardor
ARDR
|
-0.2621878 |
details, prediction |
True USD
TUSD
|
-0.17590494 |
details, prediction |
Dai
DAI
|
-0.08237007 |
details, prediction |
DASH
DASH
|
0.044449445 |
details, prediction |
Nexo
NEXO
|
0.047001716 |
details, prediction |
|
Third tier
|
Streamr DATAcoin
DATA
|
-0.35491207 |
details, prediction |
BOScoin
BOS
|
-0.24768485 |
details, prediction |
Komodo
KMD
|
-0.18865387 |
details, prediction |
ARK
ARK
|
-0.14158759 |
details, prediction |
NKN
NKN
|
-0.1141736 |
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)