Highly correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
Litecoin
LTC
|
0.9529667 |
details, prediction |
ChainLink
LINK
|
0.9475941 |
details, prediction |
XRP
XRP
|
0.9438325 |
details, prediction |
Ethereum
ETH
|
0.94202185 |
details, prediction |
Cardano
ADA
|
0.9397358 |
details, prediction |
|
Second tier
|
Zilliqa
ZIL
|
0.9775909 |
details, prediction |
Decentraland
MANA
|
0.96461606 |
details, prediction |
Tezos
XTZ
|
0.9576263 |
details, prediction |
Ravencoin
RVN
|
0.9563655 |
details, prediction |
HoloToken
HOT
|
0.9551463 |
details, prediction |
|
Third tier
|
ARK
ARK
|
0.96489525 |
details, prediction |
Civic
CVC
|
0.96332127 |
details, prediction |
Internet of Services
IOST
|
0.95820564 |
details, prediction |
Lisk
LSK
|
0.95655984 |
details, prediction |
Hydro Protocol
HOT
|
0.95386064 |
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
|
Stellar
XLM
|
-0.5563814 |
details, prediction |
ZCash
ZEC
|
0.039064597 |
details, prediction |
TRON
TRX
|
0.048624218 |
details, prediction |
Binance Coin
BNB
|
0.6427966 |
details, prediction |
Monero
XMR
|
0.75260067 |
details, prediction |
|
Second tier
|
USD//Coin
USDC
|
-0.792453 |
details, prediction |
Dai
DAI
|
-0.7910306 |
details, prediction |
True USD
TUSD
|
-0.31485924 |
details, prediction |
Telcoin
TEL
|
-0.29661712 |
details, prediction |
OriginTrail
TRAC
|
-0.14593348 |
details, prediction |
|
Third tier
|
FunFair
FUN
|
-0.77392936 |
details, prediction |
Komodo
KMD
|
-0.30854827 |
details, prediction |
V Systems
VSYS
|
0.057824265 |
details, prediction |
Matrix AI Network
MAN
|
0.10050481 |
details, prediction |
Propy
PRO
|
0.30356535 |
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)