Highly correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
Bitcoin
BTC
|
0.7411803 |
details, prediction |
ChainLink
LINK
|
0.68346107 |
details, prediction |
Dogecoin
DOGE
|
0.6695998 |
details, prediction |
KuCoin Shares
KCS
|
0.6674475 |
details, prediction |
Monero
XMR
|
0.6596727 |
details, prediction |
|
Second tier
|
Theta
THETA
|
0.8583031 |
details, prediction |
Cosmos
ATOM
|
0.76196563 |
details, prediction |
Chiliz
CHZ
|
0.74651223 |
details, prediction |
Horizen
ZEN
|
0.7141638 |
details, prediction |
iEx.ec
RLC
|
0.6989168 |
details, prediction |
|
Third tier
|
Bancor
BNT
|
0.832232 |
details, prediction |
Loopring
LRC
|
0.8015133 |
details, prediction |
Metal
MTL
|
0.76164633 |
details, prediction |
HEROcoin
PLAY
|
0.7269837 |
details, prediction |
Storj
STORJ
|
0.71034175 |
details, prediction |
This report should be leaned to get most info about heading trends.
It means that 0x 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 0x
Low correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
TRON
TRX
|
-0.10318062 |
details, prediction |
UNUS SED LEO
LEO
|
0.12326329 |
details, prediction |
Bitcoin Cash
BCH
|
0.22621383 |
details, prediction |
Stellar
XLM
|
0.3118223 |
details, prediction |
Cardano
ADA
|
0.3420114 |
details, prediction |
|
Second tier
|
Dai
DAI
|
-0.44457534 |
details, prediction |
Decred
DCR
|
-0.33745325 |
details, prediction |
USD//Coin
USDC
|
-0.21693857 |
details, prediction |
Verge
XVG
|
-0.20781752 |
details, prediction |
True USD
TUSD
|
0.11130244 |
details, prediction |
|
Third tier
|
Dent
DENT
|
-0.5853694 |
details, prediction |
Wanchain
WAN
|
-0.32947487 |
details, prediction |
FunFair
FUN
|
-0.32427874 |
details, prediction |
BABB
BAX
|
-0.28981695 |
details, prediction |
NKN
NKN
|
-0.25698054 |
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)