Highly correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
Bitcoin Cash
BCH
|
0.95650953 |
details, prediction |
XRP
XRP
|
0.95600694 |
details, prediction |
Ethereum Classic
ETC
|
0.95247734 |
details, prediction |
Litecoin
LTC
|
0.9413454 |
details, prediction |
Bitcoin
BTC
|
0.9403115 |
details, prediction |
|
Second tier
|
Tezos
XTZ
|
0.9784708 |
details, prediction |
Vechain
VET
|
0.97504413 |
details, prediction |
Theta Fuel
TFUEL
|
0.97395796 |
details, prediction |
Theta
THETA
|
0.9730945 |
details, prediction |
Decentraland
MANA
|
0.97309303 |
details, prediction |
|
Third tier
|
Gas
GAS
|
0.9689242 |
details, prediction |
Lisk
LSK
|
0.96832097 |
details, prediction |
ARK
ARK
|
0.9604159 |
details, prediction |
Civic
CVC
|
0.9599911 |
details, prediction |
Steem
STEEM
|
0.9497406 |
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
|
Stellar
XLM
|
-0.40117922 |
details, prediction |
TRON
TRX
|
0.2481883 |
details, prediction |
ZCash
ZEC
|
0.4128892 |
details, prediction |
Binance Coin
BNB
|
0.75817627 |
details, prediction |
Monero
XMR
|
0.7707994 |
details, prediction |
|
Second tier
|
Dai
DAI
|
-0.86584485 |
details, prediction |
USD//Coin
USDC
|
-0.811442 |
details, prediction |
True USD
TUSD
|
-0.27102393 |
details, prediction |
DigiByte
DGB
|
0.30466396 |
details, prediction |
Telcoin
TEL
|
0.53441787 |
details, prediction |
|
Third tier
|
Propy
PRO
|
-0.12670247 |
details, prediction |
V Systems
VSYS
|
0.08412534 |
details, prediction |
Phantasma
SOUL
|
0.15827851 |
details, prediction |
Matrix AI Network
MAN
|
0.23761177 |
details, prediction |
NKN
NKN
|
0.2378268 |
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)