Highly correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
Litecoin
LTC
|
0.95181006 |
details, prediction |
ZCash
ZEC
|
0.94006777 |
details, prediction |
Ethereum
ETH
|
0.9317587 |
details, prediction |
UNUS SED LEO
LEO
|
0.9237322 |
details, prediction |
Ethereum Classic
ETC
|
0.91156244 |
details, prediction |
|
Second tier
|
DASH
DASH
|
0.9675713 |
details, prediction |
BitTorrent
BTT
|
0.9567833 |
details, prediction |
Loopring
LRC
|
0.93549544 |
details, prediction |
Ethos (Bitquence)
BQX
|
0.93312705 |
details, prediction |
Metadium
META
|
0.92370874 |
details, prediction |
|
Third tier
|
Experience Points
XP
|
0.9867857 |
details, prediction |
ICON
ICX
|
0.955545 |
details, prediction |
QunQun
QUN
|
0.9551254 |
details, prediction |
Bitshares
BTS
|
0.951274 |
details, prediction |
RSK Infrastructure Framework
RIF
|
0.95025945 |
details, prediction |
This report should be leaned to get most info about heading trends.
It means that Zilla 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 Zilla
Low correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
Matic Network
MATIC
|
-0.42924112 |
details, prediction |
SONM
SNM
|
-0.042951193 |
details, prediction |
Maker
MKR
|
0.12429119 |
details, prediction |
ChainLink
LINK
|
0.16727538 |
details, prediction |
Fantom
FTM
|
0.44898036 |
details, prediction |
|
Second tier
|
FTX Token
FTT
|
-0.85668004 |
details, prediction |
Synthetix Network Token
SNX
|
-0.7473519 |
details, prediction |
Tezos
XTZ
|
-0.7261699 |
details, prediction |
Horizen
ZEN
|
-0.6780712 |
details, prediction |
HedgeTrade
HEDG
|
-0.66310906 |
details, prediction |
|
Third tier
|
Blockport
BPT
|
-0.8566688 |
details, prediction |
Seele
SEELE
|
-0.74601036 |
details, prediction |
BABB
BAX
|
-0.71334714 |
details, prediction |
Cryptonex
CNX
|
-0.68645304 |
details, prediction |
BaaSid
BAAS
|
-0.6827914 |
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)