Highly correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
Cardano
ADA
|
0.93212646 |
details, prediction |
Stellar
XLM
|
0.8966116 |
details, prediction |
Ethereum Classic
ETC
|
0.8911225 |
details, prediction |
Litecoin
LTC
|
0.8715896 |
details, prediction |
Bitcoin Cash
BCH
|
0.8650024 |
details, prediction |
|
Second tier
|
Siacoin
SC
|
0.9849397 |
details, prediction |
Telcoin
TEL
|
0.984857 |
details, prediction |
QTUM
QTUM
|
0.9820218 |
details, prediction |
HoloToken
HOT
|
0.9808379 |
details, prediction |
Horizen
ZEN
|
0.9793734 |
details, prediction |
|
Third tier
|
Hydro Protocol
HOT
|
0.9879982 |
details, prediction |
Storj
STORJ
|
0.9874533 |
details, prediction |
IoTeX
IOTX
|
0.98082733 |
details, prediction |
ICON
ICX
|
0.9794866 |
details, prediction |
Kyber Network
KNC
|
0.97641194 |
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
|
-0.41895282 |
details, prediction |
Binance Coin
BNB
|
0.10911966 |
details, prediction |
Dogecoin
DOGE
|
0.4748216 |
details, prediction |
UNUS SED LEO
LEO
|
0.5440577 |
details, prediction |
XRP
XRP
|
0.620011 |
details, prediction |
|
Second tier
|
Dai
DAI
|
-0.5285337 |
details, prediction |
True USD
TUSD
|
-0.30275783 |
details, prediction |
Decred
DCR
|
0.21592502 |
details, prediction |
Zilliqa
ZIL
|
0.3086318 |
details, prediction |
Verge
XVG
|
0.35080683 |
details, prediction |
|
Third tier
|
HEROcoin
PLAY
|
-0.7191132 |
details, prediction |
Constellation
DAG
|
-0.48145178 |
details, prediction |
Dero
DERO
|
-0.098568134 |
details, prediction |
BOScoin
BOS
|
-0.078215726 |
details, prediction |
Elastos
ELA
|
0.5538643 |
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)