Highly correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
TRON
TRX
|
0.6742331 |
details, prediction |
ChainLink
LINK
|
0.6243764 |
details, prediction |
Binance Coin
BNB
|
0.55180943 |
details, prediction |
Monero
XMR
|
0.50407743 |
details, prediction |
Bitcoin
BTC
|
0.48485556 |
details, prediction |
|
Second tier
|
Bitcoin Gold
BTG
|
0.72810894 |
details, prediction |
Crypto.com Chain
CRO
|
0.6048038 |
details, prediction |
DASH
DASH
|
0.53500247 |
details, prediction |
Decred
DCR
|
0.48647466 |
details, prediction |
DigiByte
DGB
|
0.44376752 |
details, prediction |
|
Third tier
|
Constellation
DAG
|
0.7653729 |
details, prediction |
Bancor
BNT
|
0.58195806 |
details, prediction |
Dero
DERO
|
0.55595267 |
details, prediction |
V Systems
VSYS
|
0.5121801 |
details, prediction |
Stox
STX
|
0.51093286 |
details, prediction |
This report should be leaned to get most info about heading trends.
It means that ZCash 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 ZCash
Low correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
Stellar
XLM
|
-0.1811553 |
details, prediction |
Dogecoin
DOGE
|
0.2785494 |
details, prediction |
Bitcoin Cash
BCH
|
0.31051657 |
details, prediction |
KuCoin Shares
KCS
|
0.36664474 |
details, prediction |
XRP
XRP
|
0.41011596 |
details, prediction |
|
Second tier
|
True USD
TUSD
|
-0.2615556 |
details, prediction |
USD//Coin
USDC
|
-0.12827288 |
details, prediction |
Dai
DAI
|
-0.10149536 |
details, prediction |
Ardor
ARDR
|
0.18562609 |
details, prediction |
Basic Attention Token
BAT
|
0.26917133 |
details, prediction |
|
Third tier
|
BABB
BAX
|
-0.42050225 |
details, prediction |
OPEN Platform
OPEN
|
-0.26044914 |
details, prediction |
Matrix AI Network
MAN
|
0.042442285 |
details, prediction |
Propy
PRO
|
0.066322275 |
details, prediction |
SysCoin
SYS
|
0.07971769 |
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)