Highly correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
Cardano
ADA
|
0.5615131 |
details, prediction |
Crypto.com Chain
CRO
|
0.5255379 |
details, prediction |
Stellar
XLM
|
0.22641715 |
details, prediction |
XRP
XRP
|
0.21771973 |
details, prediction |
KuCoin Shares
KCS
|
0.20611498 |
details, prediction |
|
Second tier
|
Waves
WAVES
|
0.9321686 |
details, prediction |
Theta Fuel
TFUEL
|
0.8789114 |
details, prediction |
Siacoin
SC
|
0.85960335 |
details, prediction |
Ardor
ARDR
|
0.8051111 |
details, prediction |
Zilliqa
ZIL
|
0.7989724 |
details, prediction |
|
Third tier
|
LAToken
LA
|
0.95846677 |
details, prediction |
Loopring
LRC
|
0.8966601 |
details, prediction |
IoTeX
IOTX
|
0.8778928 |
details, prediction |
SingularityNET
AGI
|
0.8752829 |
details, prediction |
Komodo
KMD
|
0.8475527 |
details, prediction |
This report should be leaned to get most info about heading trends.
It means that Bitcoin Cash 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 Bitcoin Cash
Low correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
UNUS SED LEO
LEO
|
-0.9702767 |
details, prediction |
TRON
TRX
|
-0.79420877 |
details, prediction |
Bitcoin
BTC
|
-0.6013512 |
details, prediction |
ZCash
ZEC
|
-0.56879413 |
details, prediction |
Ethereum
ETH
|
-0.54862356 |
details, prediction |
|
Second tier
|
Algorand
ALGO
|
-0.48081505 |
details, prediction |
Bitcoin SV
BSV
|
-0.44543236 |
details, prediction |
Telcoin
TEL
|
-0.405572 |
details, prediction |
OriginTrail
TRAC
|
-0.38123286 |
details, prediction |
DASH
DASH
|
-0.343935 |
details, prediction |
|
Third tier
|
V Systems
VSYS
|
-0.8323663 |
details, prediction |
HEROcoin
PLAY
|
-0.5463356 |
details, prediction |
Enjin Coin
ENJ
|
-0.40056372 |
details, prediction |
Ontology
ONT
|
-0.32641402 |
details, prediction |
OPEN Platform
OPEN
|
-0.2816668 |
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)