Highly correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
Bitcoin Cash
BCH
|
0.9627985 |
details, prediction |
Cardano
ADA
|
0.913382 |
details, prediction |
Crypto.com Chain
CRO
|
0.90069526 |
details, prediction |
Ethereum Classic
ETC
|
0.8895723 |
details, prediction |
XRP
XRP
|
0.883194 |
details, prediction |
|
Second tier
|
Theta Fuel
TFUEL
|
0.97979665 |
details, prediction |
Waves
WAVES
|
0.9734689 |
details, prediction |
Siacoin
SC
|
0.9548743 |
details, prediction |
IOTA
IOT
|
0.94208896 |
details, prediction |
Telcoin
TEL
|
0.94155955 |
details, prediction |
|
Third tier
|
Elastos
ELA
|
0.9879457 |
details, prediction |
IoTeX
IOTX
|
0.9824912 |
details, prediction |
Loopring
LRC
|
0.9757909 |
details, prediction |
Komodo
KMD
|
0.95795345 |
details, prediction |
Internet of Services
IOST
|
0.9571606 |
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
|
TRON
TRX
|
-0.7689901 |
details, prediction |
ZCash
ZEC
|
-0.08985063 |
details, prediction |
Ethereum
ETH
|
0.37476605 |
details, prediction |
Bitcoin
BTC
|
0.43258 |
details, prediction |
Stellar
XLM
|
0.6143332 |
details, prediction |
|
Second tier
|
Nexo
NEXO
|
-0.57663643 |
details, prediction |
Algorand
ALGO
|
-0.11220895 |
details, prediction |
Decred
DCR
|
-0.0393385 |
details, prediction |
Bitcoin SV
BSV
|
0.06813085 |
details, prediction |
HoloToken
HOT
|
0.08679409 |
details, prediction |
|
Third tier
|
Ontology
ONT
|
-0.5724893 |
details, prediction |
OPEN Platform
OPEN
|
-0.5352919 |
details, prediction |
Enjin Coin
ENJ
|
-0.40187874 |
details, prediction |
V Systems
VSYS
|
-0.2286806 |
details, prediction |
Propy
PRO
|
-0.13583933 |
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)