Highly correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
ZCash
ZEC
|
0.94486636 |
details, prediction |
Bitcoin Cash
BCH
|
0.9365899 |
details, prediction |
KuCoin Shares
KCS
|
0.90761334 |
details, prediction |
Stellar
XLM
|
0.8966504 |
details, prediction |
Ethereum Classic
ETC
|
0.893378 |
details, prediction |
|
Second tier
|
Request Network
REQ
|
0.9961937 |
details, prediction |
Theta Fuel
TFUEL
|
0.9893155 |
details, prediction |
Status
SNT
|
0.9836846 |
details, prediction |
iEx.ec
RLC
|
0.9810322 |
details, prediction |
Siacoin
SC
|
0.979857 |
details, prediction |
|
Third tier
|
Loopring
LRC
|
0.98743963 |
details, prediction |
Kyber Network
KNC
|
0.9814761 |
details, prediction |
NKN
NKN
|
0.9814215 |
details, prediction |
IoTeX
IOTX
|
0.981402 |
details, prediction |
Internet of Services
IOST
|
0.97900784 |
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
|
-0.25659811 |
details, prediction |
UNUS SED LEO
LEO
|
0.015012628 |
details, prediction |
Binance Coin
BNB
|
0.4364655 |
details, prediction |
Dogecoin
DOGE
|
0.60161585 |
details, prediction |
XRP
XRP
|
0.7163804 |
details, prediction |
|
Second tier
|
Decred
DCR
|
-0.5979827 |
details, prediction |
Dai
DAI
|
-0.29950342 |
details, prediction |
True USD
TUSD
|
0.13522409 |
details, prediction |
Verge
XVG
|
0.26706743 |
details, prediction |
Zilliqa
ZIL
|
0.40144148 |
details, prediction |
|
Third tier
|
BABB
BAX
|
-0.3614095 |
details, prediction |
Dent
DENT
|
-0.14531878 |
details, prediction |
Constellation
DAG
|
-0.002422743 |
details, prediction |
HEROcoin
PLAY
|
3.7040538E-4 |
details, prediction |
Dero
DERO
|
0.058227498 |
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)