Highly correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
Cardano
ADA
|
0.98202986 |
details, prediction |
Ethereum Classic
ETC
|
0.97956437 |
details, prediction |
ZCash
ZEC
|
0.9244889 |
details, prediction |
KuCoin Shares
KCS
|
0.88629216 |
details, prediction |
ChainLink
LINK
|
0.8323045 |
details, prediction |
|
Second tier
|
IOTA
IOT
|
0.9619582 |
details, prediction |
Basic Attention Token
BAT
|
0.9453774 |
details, prediction |
NEO
NEO
|
0.9448232 |
details, prediction |
Telcoin
TEL
|
0.9123191 |
details, prediction |
Horizen
ZEN
|
0.90039176 |
details, prediction |
|
Third tier
|
Phantasma
SOUL
|
0.94680953 |
details, prediction |
Kyber Network
KNC
|
0.9315597 |
details, prediction |
Bancor
BNT
|
0.9115319 |
details, prediction |
ICON
ICX
|
0.91054064 |
details, prediction |
IoTeX
IOTX
|
0.9069338 |
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
|
XRP
XRP
|
-0.25624192 |
details, prediction |
Binance Coin
BNB
|
-0.12240092 |
details, prediction |
Stellar
XLM
|
-0.11125677 |
details, prediction |
Bitcoin
BTC
|
-0.07996161 |
details, prediction |
Ethereum
ETH
|
-0.07424239 |
details, prediction |
|
Second tier
|
Dai
DAI
|
-0.72898996 |
details, prediction |
True USD
TUSD
|
-0.5588447 |
details, prediction |
Zilliqa
ZIL
|
0.062057767 |
details, prediction |
Verge
XVG
|
0.100886516 |
details, prediction |
Decred
DCR
|
0.10218618 |
details, prediction |
|
Third tier
|
HEROcoin
PLAY
|
-0.724781 |
details, prediction |
Constellation
DAG
|
-0.7049122 |
details, prediction |
Dero
DERO
|
-0.43135232 |
details, prediction |
BOScoin
BOS
|
-0.32935706 |
details, prediction |
Elastos
ELA
|
0.1314407 |
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)