Highly correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
ChainLink
LINK
|
0.71441907 |
details, prediction |
Bitcoin
BTC
|
0.6778402 |
details, prediction |
Ethereum Classic
ETC
|
0.6706476 |
details, prediction |
Litecoin
LTC
|
0.6677337 |
details, prediction |
Monero
XMR
|
0.6573352 |
details, prediction |
|
Second tier
|
Theta
THETA
|
0.8464269 |
details, prediction |
iEx.ec
RLC
|
0.7508101 |
details, prediction |
HoloToken
HOT
|
0.7231869 |
details, prediction |
Horizen
ZEN
|
0.6843911 |
details, prediction |
NEO
NEO
|
0.66327465 |
details, prediction |
|
Third tier
|
Metal
MTL
|
0.7629715 |
details, prediction |
Loopring
LRC
|
0.75851333 |
details, prediction |
Hydro Protocol
HOT
|
0.7521669 |
details, prediction |
Bancor
BNT
|
0.72974485 |
details, prediction |
OPEN Platform
OPEN
|
0.7289378 |
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
|
UNUS SED LEO
LEO
|
-0.5491226 |
details, prediction |
Crypto.com Chain
CRO
|
-0.11287708 |
details, prediction |
Bitcoin Cash
BCH
|
0.01506755 |
details, prediction |
Stellar
XLM
|
0.09292282 |
details, prediction |
TRON
TRX
|
0.11548202 |
details, prediction |
|
Second tier
|
Dai
DAI
|
-0.7385742 |
details, prediction |
USD//Coin
USDC
|
-0.50870985 |
details, prediction |
Verge
XVG
|
-0.43423477 |
details, prediction |
Decred
DCR
|
-0.27501926 |
details, prediction |
Telcoin
TEL
|
-0.19766533 |
details, prediction |
|
Third tier
|
Dent
DENT
|
-0.5971615 |
details, prediction |
FunFair
FUN
|
-0.5684393 |
details, prediction |
Wanchain
WAN
|
-0.42456025 |
details, prediction |
Constellation
DAG
|
-0.40160042 |
details, prediction |
BABB
BAX
|
-0.3548674 |
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)