Highly correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
Binance Coin
BNB
|
0.9120128 |
details, prediction |
Monero
XMR
|
0.8878747 |
details, prediction |
Litecoin
LTC
|
0.88636523 |
details, prediction |
Ethereum
ETH
|
0.8726188 |
details, prediction |
ChainLink
LINK
|
0.87062454 |
details, prediction |
|
Second tier
|
Horizen
ZEN
|
0.9522914 |
details, prediction |
Vechain
VET
|
0.93595934 |
details, prediction |
DASH
DASH
|
0.9080142 |
details, prediction |
0x
ZRX
|
0.86585367 |
details, prediction |
QTUM
QTUM
|
0.8613648 |
details, prediction |
|
Third tier
|
Dent
DENT
|
0.8312387 |
details, prediction |
Stox
STX
|
0.8136525 |
details, prediction |
Bancor
BNT
|
0.76054215 |
details, prediction |
Steem
STEEM
|
0.673942 |
details, prediction |
Gas
GAS
|
0.67392606 |
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
|
-0.12172579 |
details, prediction |
KuCoin Shares
KCS
|
0.007604543 |
details, prediction |
TRON
TRX
|
0.103628635 |
details, prediction |
Bitcoin Cash
BCH
|
0.4784029 |
details, prediction |
Dogecoin
DOGE
|
0.50537384 |
details, prediction |
|
Second tier
|
Ravencoin
RVN
|
-0.7598343 |
details, prediction |
aelf
ELF
|
-0.7519863 |
details, prediction |
USD//Coin
USDC
|
-0.7335541 |
details, prediction |
True USD
TUSD
|
-0.7134732 |
details, prediction |
Telcoin
TEL
|
-0.49764493 |
details, prediction |
|
Third tier
|
ICON
ICX
|
-0.8453743 |
details, prediction |
Matrix AI Network
MAN
|
-0.842439 |
details, prediction |
Storj
STORJ
|
-0.70588267 |
details, prediction |
OPEN Platform
OPEN
|
-0.64033 |
details, prediction |
BABB
BAX
|
-0.52557224 |
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)