Highly correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
Bitcoin Cash
BCH
|
0.97689605 |
details, prediction |
Litecoin
LTC
|
0.96536165 |
details, prediction |
Cardano
ADA
|
0.9636984 |
details, prediction |
Crypto.com Chain
CRO
|
0.9526728 |
details, prediction |
XRP
XRP
|
0.92615163 |
details, prediction |
|
Second tier
|
Theta Fuel
TFUEL
|
0.9688034 |
details, prediction |
Waves
WAVES
|
0.9678326 |
details, prediction |
Status
SNT
|
0.9664556 |
details, prediction |
Tezos
XTZ
|
0.9648789 |
details, prediction |
Ravencoin
RVN
|
0.9611348 |
details, prediction |
|
Third tier
|
Steem
STEEM
|
0.9683047 |
details, prediction |
Civic
CVC
|
0.9590414 |
details, prediction |
IoTeX
IOTX
|
0.95900744 |
details, prediction |
Lisk
LSK
|
0.95676124 |
details, prediction |
Internet of Services
IOST
|
0.95564085 |
details, prediction |
This report should be leaned to get most info about heading trends.
It means that Bitcoin Gold 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 Gold
Low correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
Stellar
XLM
|
-0.64778894 |
details, prediction |
ZCash
ZEC
|
-0.53998715 |
details, prediction |
TRON
TRX
|
-0.047918495 |
details, prediction |
Binance Coin
BNB
|
0.41029802 |
details, prediction |
Monero
XMR
|
0.44068214 |
details, prediction |
|
Second tier
|
Telcoin
TEL
|
-0.48567772 |
details, prediction |
USD//Coin
USDC
|
-0.46936873 |
details, prediction |
Dai
DAI
|
-0.45232794 |
details, prediction |
OriginTrail
TRAC
|
-0.32911453 |
details, prediction |
True USD
TUSD
|
-0.31383952 |
details, prediction |
|
Third tier
|
V Systems
VSYS
|
-0.28481817 |
details, prediction |
Chronobank
TIME
|
-0.2732184 |
details, prediction |
OPEN Platform
OPEN
|
-0.090153925 |
details, prediction |
Matrix AI Network
MAN
|
0.14233327 |
details, prediction |
Komodo
KMD
|
0.1733332 |
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)