Highly correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
Cardano
ADA
|
0.7295765 |
details, prediction |
Bitcoin Cash
BCH
|
0.7194092 |
details, prediction |
Crypto.com Chain
CRO
|
0.54930836 |
details, prediction |
XRP
XRP
|
0.42743132 |
details, prediction |
Ethereum Classic
ETC
|
0.34710053 |
details, prediction |
|
Second tier
|
Decentraland
MANA
|
0.93476427 |
details, prediction |
Basic Attention Token
BAT
|
0.8952125 |
details, prediction |
Siacoin
SC
|
0.8931715 |
details, prediction |
Theta Fuel
TFUEL
|
0.88769734 |
details, prediction |
Waves
WAVES
|
0.86504924 |
details, prediction |
|
Third tier
|
Loopring
LRC
|
0.953593 |
details, prediction |
Internet of Services
IOST
|
0.90032876 |
details, prediction |
IoTeX
IOTX
|
0.8980735 |
details, prediction |
ARK
ARK
|
0.8917675 |
details, prediction |
Komodo
KMD
|
0.84165496 |
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
|
-0.8255698 |
details, prediction |
TRON
TRX
|
-0.62567884 |
details, prediction |
Ethereum
ETH
|
-0.18980184 |
details, prediction |
Stellar
XLM
|
-0.15194964 |
details, prediction |
Bitcoin
BTC
|
-0.13638087 |
details, prediction |
|
Second tier
|
USD//Coin
USDC
|
-0.26446512 |
details, prediction |
Dai
DAI
|
-0.23954383 |
details, prediction |
OriginTrail
TRAC
|
-0.23753677 |
details, prediction |
Algorand
ALGO
|
-0.15109192 |
details, prediction |
True USD
TUSD
|
-0.122462355 |
details, prediction |
|
Third tier
|
V Systems
VSYS
|
-0.6265472 |
details, prediction |
NKN
NKN
|
-0.4312708 |
details, prediction |
Ontology
ONT
|
-0.39482415 |
details, prediction |
Constellation
DAG
|
-0.19413261 |
details, prediction |
Phantasma
SOUL
|
-0.16862318 |
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)