Highly correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
Bitcoin Cash
BCH
|
0.76893455 |
details, prediction |
Crypto.com Chain
CRO
|
0.6749771 |
details, prediction |
Cardano
ADA
|
0.6358267 |
details, prediction |
KuCoin Shares
KCS
|
0.5140888 |
details, prediction |
Ethereum Classic
ETC
|
0.48841733 |
details, prediction |
|
Second tier
|
Siacoin
SC
|
0.8091509 |
details, prediction |
Waves
WAVES
|
0.79307204 |
details, prediction |
Vechain
VET
|
0.7582504 |
details, prediction |
Theta Fuel
TFUEL
|
0.7523203 |
details, prediction |
IOTA
IOT
|
0.7476687 |
details, prediction |
|
Third tier
|
Stox
STX
|
0.8638191 |
details, prediction |
IoTeX
IOTX
|
0.756392 |
details, prediction |
Internet of Services
IOST
|
0.75279754 |
details, prediction |
Constellation
DAG
|
0.75249076 |
details, prediction |
Komodo
KMD
|
0.74264246 |
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
|
TRON
TRX
|
-0.6921708 |
details, prediction |
UNUS SED LEO
LEO
|
-0.50096107 |
details, prediction |
Ethereum
ETH
|
-0.20283215 |
details, prediction |
ZCash
ZEC
|
-0.07137351 |
details, prediction |
Bitcoin
BTC
|
-0.02976461 |
details, prediction |
|
Second tier
|
Nexo
NEXO
|
-0.5633904 |
details, prediction |
Bitcoin SV
BSV
|
-0.26624805 |
details, prediction |
Algorand
ALGO
|
-0.15313217 |
details, prediction |
Decred
DCR
|
-0.11445781 |
details, prediction |
HoloToken
HOT
|
-0.039951522 |
details, prediction |
|
Third tier
|
V Systems
VSYS
|
-0.6931202 |
details, prediction |
Ontology
ONT
|
-0.54328376 |
details, prediction |
Steem
STEEM
|
-0.45253798 |
details, prediction |
Propy
PRO
|
-0.29454285 |
details, prediction |
NKN
NKN
|
-0.23892155 |
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)