Highly correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
Bitcoin Cash
BCH
|
0.85676664 |
details, prediction |
Cardano
ADA
|
0.74977416 |
details, prediction |
Crypto.com Chain
CRO
|
0.6318951 |
details, prediction |
Ethereum Classic
ETC
|
0.44099885 |
details, prediction |
XRP
XRP
|
0.42512146 |
details, prediction |
|
Second tier
|
Basic Attention Token
BAT
|
0.95671785 |
details, prediction |
Decentraland
MANA
|
0.94204515 |
details, prediction |
Vechain
VET
|
0.93291867 |
details, prediction |
Siacoin
SC
|
0.9147585 |
details, prediction |
Theta Fuel
TFUEL
|
0.8995582 |
details, prediction |
|
Third tier
|
Loopring
LRC
|
0.9629272 |
details, prediction |
ARK
ARK
|
0.9507939 |
details, prediction |
Internet of Services
IOST
|
0.9220321 |
details, prediction |
IoTeX
IOTX
|
0.91205907 |
details, prediction |
Komodo
KMD
|
0.8756941 |
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
|
-0.67241436 |
details, prediction |
Ethereum
ETH
|
-0.46130767 |
details, prediction |
Stellar
XLM
|
-0.21221383 |
details, prediction |
Bitcoin
BTC
|
-0.16710119 |
details, prediction |
Litecoin
LTC
|
-0.03779181 |
details, prediction |
|
Second tier
|
Bitcoin SV
BSV
|
-0.25470966 |
details, prediction |
Algorand
ALGO
|
-0.16339065 |
details, prediction |
Decred
DCR
|
-0.13250919 |
details, prediction |
True USD
TUSD
|
-0.10021461 |
details, prediction |
USD//Coin
USDC
|
-0.06616223 |
details, prediction |
|
Third tier
|
V Systems
VSYS
|
-0.6970367 |
details, prediction |
Ontology
ONT
|
-0.60039 |
details, prediction |
NKN
NKN
|
-0.51532054 |
details, prediction |
Steem
STEEM
|
-0.4705775 |
details, prediction |
Enjin Coin
ENJ
|
-0.15545212 |
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)