Highly correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
KuCoin Shares
KCS
|
0.96523875 |
details, prediction |
Stellar
XLM
|
0.94742864 |
details, prediction |
Cardano
ADA
|
0.94194216 |
details, prediction |
Ethereum Classic
ETC
|
0.9403044 |
details, prediction |
Litecoin
LTC
|
0.9294837 |
details, prediction |
|
Second tier
|
EOS
EOS
|
0.97122335 |
details, prediction |
DASH
DASH
|
0.95194834 |
details, prediction |
Bitcoin Gold
BTG
|
0.94486636 |
details, prediction |
Theta Fuel
TFUEL
|
0.9281567 |
details, prediction |
Status
SNT
|
0.9253953 |
details, prediction |
|
Third tier
|
Kleros
PNK
|
0.98380876 |
details, prediction |
NKN
NKN
|
0.9518761 |
details, prediction |
Internet of Services
IOST
|
0.9300725 |
details, prediction |
Phantasma
SOUL
|
0.9277867 |
details, prediction |
IoTeX
IOTX
|
0.9267059 |
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
|
TRON
TRX
|
-0.3661484 |
details, prediction |
UNUS SED LEO
LEO
|
0.49256185 |
details, prediction |
Binance Coin
BNB
|
0.67820454 |
details, prediction |
Dogecoin
DOGE
|
0.69040704 |
details, prediction |
Crypto.com Chain
CRO
|
0.723062 |
details, prediction |
|
Second tier
|
Dai
DAI
|
-0.42129335 |
details, prediction |
Decred
DCR
|
-0.328342 |
details, prediction |
True USD
TUSD
|
0.10871922 |
details, prediction |
Zilliqa
ZIL
|
0.14301658 |
details, prediction |
Verge
XVG
|
0.19026674 |
details, prediction |
|
Third tier
|
BABB
BAX
|
-0.32167163 |
details, prediction |
Constellation
DAG
|
-0.17092313 |
details, prediction |
HEROcoin
PLAY
|
-0.040932193 |
details, prediction |
Dero
DERO
|
0.025603797 |
details, prediction |
Dent
DENT
|
0.24484128 |
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)