Highly correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
Ethereum Classic
ETC
|
0.8792222 |
details, prediction |
Cardano
ADA
|
0.8688329 |
details, prediction |
Litecoin
LTC
|
0.84634364 |
details, prediction |
KuCoin Shares
KCS
|
0.81758213 |
details, prediction |
Dogecoin
DOGE
|
0.8082183 |
details, prediction |
|
Second tier
|
Horizen
ZEN
|
0.9204041 |
details, prediction |
Decentraland
MANA
|
0.9143262 |
details, prediction |
Theta Fuel
TFUEL
|
0.8964639 |
details, prediction |
0x
ZRX
|
0.894627 |
details, prediction |
Vechain
VET
|
0.8770432 |
details, prediction |
|
Third tier
|
Gas
GAS
|
0.89713395 |
details, prediction |
Bancor
BNT
|
0.87806356 |
details, prediction |
SysCoin
SYS
|
0.87178046 |
details, prediction |
Lisk
LSK
|
0.839973 |
details, prediction |
Wanchain
WAN
|
0.8358917 |
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
|
Stellar
XLM
|
-0.053937703 |
details, prediction |
Monero
XMR
|
0.32587934 |
details, prediction |
ChainLink
LINK
|
0.45383048 |
details, prediction |
Ethereum
ETH
|
0.50646126 |
details, prediction |
ZCash
ZEC
|
0.5615414 |
details, prediction |
|
Second tier
|
Dai
DAI
|
-0.8265282 |
details, prediction |
USD//Coin
USDC
|
-0.3826157 |
details, prediction |
True USD
TUSD
|
-0.33922678 |
details, prediction |
DigiByte
DGB
|
0.14528109 |
details, prediction |
Bitcoin SV
BSV
|
0.43894464 |
details, prediction |
|
Third tier
|
Propy
PRO
|
-0.20294608 |
details, prediction |
OPEN Platform
OPEN
|
-0.13317972 |
details, prediction |
Matrix AI Network
MAN
|
-0.107718885 |
details, prediction |
NKN
NKN
|
-0.051082913 |
details, prediction |
V Systems
VSYS
|
0.047331236 |
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)