Highly correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
Ethereum Classic
ETC
|
0.92691535 |
details, prediction |
Bitcoin Cash
BCH
|
0.894627 |
details, prediction |
Dogecoin
DOGE
|
0.8735619 |
details, prediction |
XRP
XRP
|
0.8654175 |
details, prediction |
KuCoin Shares
KCS
|
0.8446944 |
details, prediction |
|
Second tier
|
Theta Fuel
TFUEL
|
0.92274356 |
details, prediction |
Horizen
ZEN
|
0.91719246 |
details, prediction |
QTUM
QTUM
|
0.91698635 |
details, prediction |
DASH
DASH
|
0.9150675 |
details, prediction |
Vechain
VET
|
0.9115404 |
details, prediction |
|
Third tier
|
Gas
GAS
|
0.92493206 |
details, prediction |
Stox
STX
|
0.89834785 |
details, prediction |
Steem
STEEM
|
0.8970907 |
details, prediction |
Bancor
BNT
|
0.88983226 |
details, prediction |
Lisk
LSK
|
0.8779102 |
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
|
0.25381222 |
details, prediction |
Monero
XMR
|
0.25885966 |
details, prediction |
ChainLink
LINK
|
0.46228224 |
details, prediction |
Ethereum
ETH
|
0.509123 |
details, prediction |
ZCash
ZEC
|
0.6281715 |
details, prediction |
|
Second tier
|
Dai
DAI
|
-0.82648355 |
details, prediction |
USD//Coin
USDC
|
-0.21415018 |
details, prediction |
True USD
TUSD
|
-0.15635596 |
details, prediction |
DigiByte
DGB
|
0.03926859 |
details, prediction |
Bitcoin SV
BSV
|
0.40416685 |
details, prediction |
|
Third tier
|
NKN
NKN
|
-0.29940185 |
details, prediction |
Propy
PRO
|
-0.15371785 |
details, prediction |
V Systems
VSYS
|
-0.1004513 |
details, prediction |
Matrix AI Network
MAN
|
-0.06303523 |
details, prediction |
OPEN Platform
OPEN
|
-0.0063985274 |
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)