Highly correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
Fantom
FTM
|
0.65135413 |
details, prediction |
Monero
XMR
|
0.64852166 |
details, prediction |
Cardano
ADA
|
0.6231443 |
details, prediction |
Ethereum Classic
ETC
|
0.62278575 |
details, prediction |
Bitcoin Cash
BCH
|
0.6132436 |
details, prediction |
|
Second tier
|
SwissBorg
CHSB
|
0.63567436 |
details, prediction |
Theta Fuel
TFUEL
|
0.6211658 |
details, prediction |
Zilliqa
ZIL
|
0.61446214 |
details, prediction |
Polymath Network
POLY
|
0.6075685 |
details, prediction |
Theta
THETA
|
0.6029907 |
details, prediction |
|
Third tier
|
DAPS Token
DAPS
|
0.7777239 |
details, prediction |
Synereo
AMP
|
0.7081299 |
details, prediction |
Bezant
BZNT
|
0.6991201 |
details, prediction |
Cardstack
CARD
|
0.68963283 |
details, prediction |
WAX
WAX
|
0.67090774 |
details, prediction |
This report should be leaned to get most info about heading trends.
It means that Zippie 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 Zippie
Low correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
SONM
SNM
|
-0.37959826 |
details, prediction |
ChainLink
LINK
|
-0.2560474 |
details, prediction |
Matic Network
MATIC
|
-0.10870043 |
details, prediction |
Maker
MKR
|
-0.08863416 |
details, prediction |
Dogecoin
DOGE
|
0.13149573 |
details, prediction |
|
Second tier
|
Synthetix Network Token
SNX
|
-0.31958392 |
details, prediction |
FTX Token
FTT
|
-0.2997336 |
details, prediction |
0x
ZRX
|
-0.2772342 |
details, prediction |
EthLend
LEND
|
-0.26041904 |
details, prediction |
iEx.ec
RLC
|
-0.24883606 |
details, prediction |
|
Third tier
|
Dether
DTH
|
-0.54972154 |
details, prediction |
Crypterium
CRPT
|
-0.46642578 |
details, prediction |
Ripio
RCN
|
-0.45500264 |
details, prediction |
Tierion
TNT
|
-0.4257624 |
details, prediction |
FunFair
FUN
|
-0.4223153 |
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)