Highly correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
Bitcoin Cash
BCH
|
0.7868489 |
details, prediction |
Crypto.com Chain
CRO
|
0.6615992 |
details, prediction |
Cardano
ADA
|
0.6475315 |
details, prediction |
KuCoin Shares
KCS
|
0.6460364 |
details, prediction |
Dogecoin
DOGE
|
0.61915094 |
details, prediction |
|
Second tier
|
Siacoin
SC
|
0.83726066 |
details, prediction |
Waves
WAVES
|
0.8191095 |
details, prediction |
Request Network
REQ
|
0.80275935 |
details, prediction |
Theta Fuel
TFUEL
|
0.79706025 |
details, prediction |
Status
SNT
|
0.78918916 |
details, prediction |
|
Third tier
|
Stox
STX
|
0.9018386 |
details, prediction |
Constellation
DAG
|
0.8297294 |
details, prediction |
Elastos
ELA
|
0.79279965 |
details, prediction |
IoTeX
IOTX
|
0.79223275 |
details, prediction |
Komodo
KMD
|
0.79020214 |
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
|
-0.67563874 |
details, prediction |
UNUS SED LEO
LEO
|
-0.39549235 |
details, prediction |
ZCash
ZEC
|
0.17052777 |
details, prediction |
Ethereum
ETH
|
0.21156661 |
details, prediction |
Bitcoin
BTC
|
0.34030056 |
details, prediction |
|
Second tier
|
Decred
DCR
|
-0.20855153 |
details, prediction |
Dai
DAI
|
-0.16324243 |
details, prediction |
Nexo
NEXO
|
0.028032059 |
details, prediction |
True USD
TUSD
|
0.12013107 |
details, prediction |
Algorand
ALGO
|
0.16526936 |
details, prediction |
|
Third tier
|
Kambria
KAT
|
-0.54154694 |
details, prediction |
Ontology
ONT
|
-0.5076409 |
details, prediction |
Kleros
PNK
|
-0.4665082 |
details, prediction |
Streamr DATAcoin
DATA
|
-0.33441654 |
details, prediction |
Dent
DENT
|
-0.17000397 |
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)