Highly correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
ZCash
ZEC
|
0.93128157 |
details, prediction |
Litecoin
LTC
|
0.8935536 |
details, prediction |
XRP
XRP
|
0.8912054 |
details, prediction |
Binance Coin
BNB
|
0.8872461 |
details, prediction |
Bitcoin
BTC
|
0.8870027 |
details, prediction |
|
Second tier
|
QTUM
QTUM
|
0.94955915 |
details, prediction |
Vechain
VET
|
0.9458826 |
details, prediction |
Theta
THETA
|
0.9423277 |
details, prediction |
Horizen
ZEN
|
0.9236368 |
details, prediction |
Theta Fuel
TFUEL
|
0.92149854 |
details, prediction |
|
Third tier
|
Stox
STX
|
0.93636966 |
details, prediction |
Steem
STEEM
|
0.91107386 |
details, prediction |
Gas
GAS
|
0.91014296 |
details, prediction |
Kyber Network
KNC
|
0.9013811 |
details, prediction |
Power Ledger
POWR
|
0.8562414 |
details, prediction |
This report should be leaned to get most info about heading trends.
It means that 0x 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 0x
Low correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
TRON
TRX
|
0.29882422 |
details, prediction |
Stellar
XLM
|
0.39548078 |
details, prediction |
KuCoin Shares
KCS
|
0.40553066 |
details, prediction |
Bitcoin Cash
BCH
|
0.76231086 |
details, prediction |
Cardano
ADA
|
0.7765901 |
details, prediction |
|
Second tier
|
Ravencoin
RVN
|
-0.6290044 |
details, prediction |
USD//Coin
USDC
|
-0.505628 |
details, prediction |
True USD
TUSD
|
-0.46707183 |
details, prediction |
aelf
ELF
|
-0.361252 |
details, prediction |
Dai
DAI
|
-0.28971875 |
details, prediction |
|
Third tier
|
ICON
ICX
|
-0.6885145 |
details, prediction |
Matrix AI Network
MAN
|
-0.67795104 |
details, prediction |
OPEN Platform
OPEN
|
-0.63484687 |
details, prediction |
NKN
NKN
|
-0.61692846 |
details, prediction |
Storj
STORJ
|
-0.49788433 |
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)