Highly correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
Cardano
ADA
|
0.9626966 |
details, prediction |
Bitcoin Cash
BCH
|
0.9610191 |
details, prediction |
Crypto.com Chain
CRO
|
0.95386666 |
details, prediction |
Litecoin
LTC
|
0.9490216 |
details, prediction |
XRP
XRP
|
0.9095254 |
details, prediction |
|
Second tier
|
Theta Fuel
TFUEL
|
0.96446055 |
details, prediction |
Tezos
XTZ
|
0.9612912 |
details, prediction |
Waves
WAVES
|
0.96004397 |
details, prediction |
aelf
ELF
|
0.94366604 |
details, prediction |
Siacoin
SC
|
0.9409259 |
details, prediction |
|
Third tier
|
IoTeX
IOTX
|
0.9628342 |
details, prediction |
Steem
STEEM
|
0.9540799 |
details, prediction |
Internet of Services
IOST
|
0.94927675 |
details, prediction |
ARK
ARK
|
0.9429074 |
details, prediction |
Lisk
LSK
|
0.941074 |
details, prediction |
This report should be leaned to get most info about heading trends.
It means that Bitcoin Gold 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 Gold
Low correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
Stellar
XLM
|
-0.68543726 |
details, prediction |
ZCash
ZEC
|
-0.653919 |
details, prediction |
TRON
TRX
|
-0.42949054 |
details, prediction |
Binance Coin
BNB
|
0.25106126 |
details, prediction |
Monero
XMR
|
0.28814402 |
details, prediction |
|
Second tier
|
OriginTrail
TRAC
|
-0.6026132 |
details, prediction |
USD//Coin
USDC
|
-0.55018514 |
details, prediction |
Dai
DAI
|
-0.4957382 |
details, prediction |
True USD
TUSD
|
-0.46743208 |
details, prediction |
Telcoin
TEL
|
-0.3173618 |
details, prediction |
|
Third tier
|
OPEN Platform
OPEN
|
-0.49149948 |
details, prediction |
V Systems
VSYS
|
-0.37013033 |
details, prediction |
Enjin Coin
ENJ
|
-0.024627939 |
details, prediction |
HEROcoin
PLAY
|
0.061110422 |
details, prediction |
Chronobank
TIME
|
0.38701883 |
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)