Highly correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
Bitcoin Cash
BCH
|
0.6304809 |
details, prediction |
KuCoin Shares
KCS
|
0.52987665 |
details, prediction |
Crypto.com Chain
CRO
|
0.51362336 |
details, prediction |
Dogecoin
DOGE
|
0.41045883 |
details, prediction |
ZCash
ZEC
|
0.3877046 |
details, prediction |
|
Second tier
|
Siacoin
SC
|
0.69339365 |
details, prediction |
Waves
WAVES
|
0.6776986 |
details, prediction |
Ravencoin
RVN
|
0.67432845 |
details, prediction |
Status
SNT
|
0.6709112 |
details, prediction |
Request Network
REQ
|
0.64124185 |
details, prediction |
|
Third tier
|
Stox
STX
|
0.87107587 |
details, prediction |
Gas
GAS
|
0.76563793 |
details, prediction |
Constellation
DAG
|
0.74697196 |
details, prediction |
AdEx
ADX
|
0.67604125 |
details, prediction |
Loopring
LRC
|
0.65725595 |
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
|
-0.39549235 |
details, prediction |
TRON
TRX
|
-0.32607064 |
details, prediction |
Ethereum
ETH
|
0.11818844 |
details, prediction |
Binance Coin
BNB
|
0.14561507 |
details, prediction |
Bitcoin
BTC
|
0.17788701 |
details, prediction |
|
Second tier
|
Decred
DCR
|
-0.47144654 |
details, prediction |
Dai
DAI
|
-0.039308853 |
details, prediction |
Nexo
NEXO
|
-0.02485122 |
details, prediction |
EOS
EOS
|
0.18513775 |
details, prediction |
True USD
TUSD
|
0.19121477 |
details, prediction |
|
Third tier
|
Dent
DENT
|
-0.5266468 |
details, prediction |
Kleros
PNK
|
-0.4665082 |
details, prediction |
Streamr DATAcoin
DATA
|
-0.33441654 |
details, prediction |
Propy
PRO
|
-0.23043825 |
details, prediction |
BABB
BAX
|
-0.11390016 |
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)