Highly correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
Ethereum Classic
ETC
|
0.9235749 |
details, prediction |
Bitcoin Cash
BCH
|
0.92005897 |
details, prediction |
Litecoin
LTC
|
0.90479875 |
details, prediction |
Cardano
ADA
|
0.90297043 |
details, prediction |
Bitcoin
BTC
|
0.8941731 |
details, prediction |
|
Second tier
|
Status
SNT
|
0.92862624 |
details, prediction |
Vechain
VET
|
0.908306 |
details, prediction |
Theta Fuel
TFUEL
|
0.9025096 |
details, prediction |
Tezos
XTZ
|
0.90069056 |
details, prediction |
Zilliqa
ZIL
|
0.90020126 |
details, prediction |
|
Third tier
|
Gas
GAS
|
0.9172085 |
details, prediction |
Storj
STORJ
|
0.9128936 |
details, prediction |
Civic
CVC
|
0.90574765 |
details, prediction |
Bancor
BNT
|
0.9000581 |
details, prediction |
Lisk
LSK
|
0.893675 |
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
|
-0.15961096 |
details, prediction |
KuCoin Shares
KCS
|
0.67502326 |
details, prediction |
Binance Coin
BNB
|
0.6959079 |
details, prediction |
ZCash
ZEC
|
0.72810894 |
details, prediction |
TRON
TRX
|
0.7751411 |
details, prediction |
|
Second tier
|
USD//Coin
USDC
|
-0.8280248 |
details, prediction |
True USD
TUSD
|
-0.78125584 |
details, prediction |
Dai
DAI
|
-0.7732667 |
details, prediction |
Ardor
ARDR
|
0.419096 |
details, prediction |
Bitcoin SV
BSV
|
0.5291258 |
details, prediction |
|
Third tier
|
BABB
BAX
|
-0.19615547 |
details, prediction |
Propy
PRO
|
-0.19572084 |
details, prediction |
Matrix AI Network
MAN
|
-0.094913326 |
details, prediction |
Phantasma
SOUL
|
-0.062957026 |
details, prediction |
OPEN Platform
OPEN
|
-0.060058765 |
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)