Highly correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
Ethereum Classic
ETC
|
0.9024522 |
details, prediction |
Dogecoin
DOGE
|
0.8794915 |
details, prediction |
Litecoin
LTC
|
0.8748491 |
details, prediction |
XRP
XRP
|
0.8376205 |
details, prediction |
Cardano
ADA
|
0.8340399 |
details, prediction |
|
Second tier
|
Decentraland
MANA
|
0.91152656 |
details, prediction |
HoloToken
HOT
|
0.8903549 |
details, prediction |
Bitcoin SV
BSV
|
0.8886725 |
details, prediction |
IOTA
IOT
|
0.8687516 |
details, prediction |
NEO
NEO
|
0.86743635 |
details, prediction |
|
Third tier
|
Hydro Protocol
HOT
|
0.8635381 |
details, prediction |
Bancor
BNT
|
0.85245293 |
details, prediction |
Gas
GAS
|
0.8311236 |
details, prediction |
Stox
STX
|
0.8169215 |
details, prediction |
Electroneum
ETN
|
0.78857553 |
details, prediction |
This report should be leaned to get most info about heading trends.
It means that Bitcoin Cash 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 Bitcoin Cash
Low correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
TRON
TRX
|
0.40358293 |
details, prediction |
Monero
XMR
|
0.6402275 |
details, prediction |
ZCash
ZEC
|
0.7456772 |
details, prediction |
Ethereum
ETH
|
0.7510687 |
details, prediction |
KuCoin Shares
KCS
|
0.7529477 |
details, prediction |
|
Second tier
|
Ravencoin
RVN
|
-0.42568624 |
details, prediction |
USD//Coin
USDC
|
-0.23328169 |
details, prediction |
True USD
TUSD
|
-0.20634097 |
details, prediction |
Telcoin
TEL
|
0.090322435 |
details, prediction |
aelf
ELF
|
0.09399441 |
details, prediction |
|
Third tier
|
NKN
NKN
|
-0.52377325 |
details, prediction |
OPEN Platform
OPEN
|
-0.50544477 |
details, prediction |
ICON
ICX
|
-0.4789515 |
details, prediction |
Matrix AI Network
MAN
|
-0.4459646 |
details, prediction |
Storj
STORJ
|
-0.40313852 |
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)