Highly correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
ChainLink
LINK
|
0.81547517 |
details, prediction |
Litecoin
LTC
|
0.8028605 |
details, prediction |
KuCoin Shares
KCS
|
0.7979946 |
details, prediction |
Bitcoin
BTC
|
0.7921258 |
details, prediction |
Ethereum
ETH
|
0.7842353 |
details, prediction |
|
Second tier
|
Decentraland
MANA
|
0.90217245 |
details, prediction |
Zilliqa
ZIL
|
0.85843956 |
details, prediction |
HoloToken
HOT
|
0.82790834 |
details, prediction |
Status
SNT
|
0.827594 |
details, prediction |
Ravencoin
RVN
|
0.8182473 |
details, prediction |
|
Third tier
|
Civic
CVC
|
0.85356724 |
details, prediction |
QuarkChain
QKC
|
0.8231239 |
details, prediction |
Hydro Protocol
HOT
|
0.823103 |
details, prediction |
ARK
ARK
|
0.82196456 |
details, prediction |
LAToken
LA
|
0.8024572 |
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
|
-0.3152415 |
details, prediction |
TRON
TRX
|
-0.13704038 |
details, prediction |
UNUS SED LEO
LEO
|
-0.09386669 |
details, prediction |
ZCash
ZEC
|
0.15970428 |
details, prediction |
Binance Coin
BNB
|
0.1849806 |
details, prediction |
|
Second tier
|
Dai
DAI
|
-0.7909666 |
details, prediction |
USD//Coin
USDC
|
-0.5785702 |
details, prediction |
OriginTrail
TRAC
|
-0.47444147 |
details, prediction |
Telcoin
TEL
|
-0.3854714 |
details, prediction |
Verge
XVG
|
-0.054536972 |
details, prediction |
|
Third tier
|
FunFair
FUN
|
-0.6443095 |
details, prediction |
Constellation
DAG
|
-0.18205029 |
details, prediction |
Wanchain
WAN
|
-0.15233967 |
details, prediction |
Komodo
KMD
|
-0.14703949 |
details, prediction |
NKN
NKN
|
-0.13823032 |
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)