Highly correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
Crypto.com Chain
CRO
|
0.21160388 |
details, prediction |
ChainLink
LINK
|
0.18568453 |
details, prediction |
Bitcoin Cash
BCH
|
0.1333044 |
details, prediction |
Cardano
ADA
|
0.11807385 |
details, prediction |
Litecoin
LTC
|
0.10077856 |
details, prediction |
|
Second tier
|
Ravencoin
RVN
|
0.43531832 |
details, prediction |
OriginTrail
TRAC
|
0.33720058 |
details, prediction |
Siacoin
SC
|
0.33614972 |
details, prediction |
DigiByte
DGB
|
0.33168975 |
details, prediction |
NEO
NEO
|
0.3242801 |
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
|
0.54320526 |
details, prediction |
NEM
XEM
|
0.3223259 |
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
|
UNUS SED LEO
LEO
|
-0.29510808 |
details, prediction |
Binance Coin
BNB
|
-0.2842224 |
details, prediction |
KuCoin Shares
KCS
|
-0.14790733 |
details, prediction |
Monero
XMR
|
-0.094816856 |
details, prediction |
TRON
TRX
|
-0.029682253 |
details, prediction |
|
Second tier
|
True USD
TUSD
|
-0.16855772 |
details, prediction |
Ardor
ARDR
|
-0.114486784 |
details, prediction |
EOS
EOS
|
-0.08488233 |
details, prediction |
Dai
DAI
|
-0.08484134 |
details, prediction |
Nexo
NEXO
|
0.049120225 |
details, prediction |
|
Third tier
|
Kleros
PNK
|
-0.4579689 |
details, prediction |
Streamr DATAcoin
DATA
|
-0.35491207 |
details, prediction |
BOScoin
BOS
|
-0.24768485 |
details, prediction |
NKN
NKN
|
-0.1141736 |
details, prediction |
HEROcoin
PLAY
|
-0.1095112 |
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)