Highly correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
KuCoin Shares
KCS
|
0.77008057 |
details, prediction |
Bitcoin Cash
BCH
|
0.7090283 |
details, prediction |
Ethereum Classic
ETC
|
0.6822052 |
details, prediction |
Dogecoin
DOGE
|
0.6757832 |
details, prediction |
Cardano
ADA
|
0.6479782 |
details, prediction |
|
Second tier
|
QTUM
QTUM
|
0.8599125 |
details, prediction |
iEx.ec
RLC
|
0.8392971 |
details, prediction |
Status
SNT
|
0.8312326 |
details, prediction |
Ravencoin
RVN
|
0.8192516 |
details, prediction |
Siacoin
SC
|
0.7995559 |
details, prediction |
|
Third tier
|
Loopring
LRC
|
0.90331316 |
details, prediction |
AdEx
ADX
|
0.8872674 |
details, prediction |
ICON
ICX
|
0.84299266 |
details, prediction |
Power Ledger
POWR
|
0.8151927 |
details, prediction |
Storj
STORJ
|
0.80920905 |
details, prediction |
This report should be leaned to get most info about heading trends.
It means that Gas 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 Gas
Low correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
TRON
TRX
|
-0.4410888 |
details, prediction |
UNUS SED LEO
LEO
|
-0.1738492 |
details, prediction |
Stellar
XLM
|
0.44654545 |
details, prediction |
Ethereum
ETH
|
0.44800332 |
details, prediction |
Binance Coin
BNB
|
0.4699751 |
details, prediction |
|
Second tier
|
Decred
DCR
|
-0.41989467 |
details, prediction |
Dai
DAI
|
-0.032850526 |
details, prediction |
Nexo
NEXO
|
0.15291311 |
details, prediction |
True USD
TUSD
|
0.32714218 |
details, prediction |
HoloToken
HOT
|
0.41727132 |
details, prediction |
|
Third tier
|
Kambria
KAT
|
-0.51353455 |
details, prediction |
Dent
DENT
|
-0.1549796 |
details, prediction |
Ontology
ONT
|
-0.076994225 |
details, prediction |
Propy
PRO
|
-0.039688833 |
details, prediction |
OPEN Platform
OPEN
|
-0.029910967 |
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)