Highly correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
Stellar
XLM
|
0.858459 |
details, prediction |
Ethereum Classic
ETC
|
0.85842824 |
details, prediction |
Litecoin
LTC
|
0.8410187 |
details, prediction |
Bitcoin Cash
BCH
|
0.8283013 |
details, prediction |
ZCash
ZEC
|
0.7515995 |
details, prediction |
|
Second tier
|
Tezos
XTZ
|
0.9047422 |
details, prediction |
NEO
NEO
|
0.8857633 |
details, prediction |
Status
SNT
|
0.88168323 |
details, prediction |
HoloToken
HOT
|
0.8697313 |
details, prediction |
Decentraland
MANA
|
0.8505267 |
details, prediction |
|
Third tier
|
Hydro Protocol
HOT
|
0.88447696 |
details, prediction |
Power Ledger
POWR
|
0.8454293 |
details, prediction |
Electroneum
ETN
|
0.83915323 |
details, prediction |
Steem
STEEM
|
0.8347051 |
details, prediction |
Kyber Network
KNC
|
0.8315133 |
details, prediction |
This report should be leaned to get most info about heading trends.
It means that Zilliqa 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 Zilliqa
Low correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
TRON
TRX
|
0.13679352 |
details, prediction |
Monero
XMR
|
0.5568417 |
details, prediction |
Ethereum
ETH
|
0.6092853 |
details, prediction |
XRP
XRP
|
0.6457257 |
details, prediction |
Binance Coin
BNB
|
0.65458226 |
details, prediction |
|
Second tier
|
Ravencoin
RVN
|
-0.45225662 |
details, prediction |
DigiByte
DGB
|
-0.08152106 |
details, prediction |
USD//Coin
USDC
|
-0.07799728 |
details, prediction |
True USD
TUSD
|
-0.044756614 |
details, prediction |
aelf
ELF
|
0.43301433 |
details, prediction |
|
Third tier
|
OPEN Platform
OPEN
|
-0.58002466 |
details, prediction |
HEROcoin
PLAY
|
-0.5608064 |
details, prediction |
ICON
ICX
|
-0.36556658 |
details, prediction |
Propy
PRO
|
-0.3402472 |
details, prediction |
NKN
NKN
|
-0.29508767 |
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)