Highly correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
Ethereum Classic
ETC
|
0.9070989 |
details, prediction |
Bitcoin Cash
BCH
|
0.8756043 |
details, prediction |
Dogecoin
DOGE
|
0.8558832 |
details, prediction |
KuCoin Shares
KCS
|
0.80076224 |
details, prediction |
Cardano
ADA
|
0.653859 |
details, prediction |
|
Second tier
|
NEO
NEO
|
0.9472691 |
details, prediction |
Synthetix Network Token
SNX
|
0.9447006 |
details, prediction |
Theta Fuel
TFUEL
|
0.93645525 |
details, prediction |
Zilliqa
ZIL
|
0.91782224 |
details, prediction |
Chiliz
CHZ
|
0.91746664 |
details, prediction |
|
Third tier
|
Civic
CVC
|
0.96541435 |
details, prediction |
ARK
ARK
|
0.95455325 |
details, prediction |
Kyber Network
KNC
|
0.95011586 |
details, prediction |
Power Ledger
POWR
|
0.94245 |
details, prediction |
Steem
STEEM
|
0.93701816 |
details, prediction |
This report should be leaned to get most info about heading trends.
It means that Tezos 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 Tezos
Low correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
Monero
XMR
|
-0.03354513 |
details, prediction |
ChainLink
LINK
|
0.11286161 |
details, prediction |
Ethereum
ETH
|
0.14639783 |
details, prediction |
Stellar
XLM
|
0.221328 |
details, prediction |
ZCash
ZEC
|
0.2397101 |
details, prediction |
|
Second tier
|
Dai
DAI
|
-0.8749126 |
details, prediction |
DigiByte
DGB
|
-0.23172149 |
details, prediction |
USD//Coin
USDC
|
-0.19429627 |
details, prediction |
True USD
TUSD
|
-0.13196798 |
details, prediction |
Bitcoin SV
BSV
|
0.0867608 |
details, prediction |
|
Third tier
|
Propy
PRO
|
-0.27821425 |
details, prediction |
V Systems
VSYS
|
-0.25951925 |
details, prediction |
NKN
NKN
|
-0.15241942 |
details, prediction |
Phantasma
SOUL
|
0.054279957 |
details, prediction |
OPEN Platform
OPEN
|
0.10316389 |
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)