Highly correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
Litecoin
LTC
|
0.6285379 |
details, prediction |
TRON
TRX
|
0.6062305 |
details, prediction |
Binance Coin
BNB
|
0.57980007 |
details, prediction |
Cardano
ADA
|
0.577927 |
details, prediction |
Monero
XMR
|
0.5709709 |
details, prediction |
|
Second tier
|
0x
ZRX
|
0.74485064 |
details, prediction |
HoloToken
HOT
|
0.7192494 |
details, prediction |
Basic Attention Token
BAT
|
0.6368148 |
details, prediction |
Tezos
XTZ
|
0.5947839 |
details, prediction |
Decentraland
MANA
|
0.5686022 |
details, prediction |
|
Third tier
|
HEROcoin
PLAY
|
0.77305496 |
details, prediction |
Hydro Protocol
HOT
|
0.77174354 |
details, prediction |
Ontology
ONT
|
0.63690233 |
details, prediction |
Phantasma
SOUL
|
0.6042656 |
details, prediction |
Propy
PRO
|
0.54273117 |
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
|
Ethereum Classic
ETC
|
0.12738517 |
details, prediction |
Stellar
XLM
|
0.14841515 |
details, prediction |
KuCoin Shares
KCS
|
0.3033308 |
details, prediction |
Dogecoin
DOGE
|
0.35731786 |
details, prediction |
ZCash
ZEC
|
0.42096442 |
details, prediction |
|
Second tier
|
Ardor
ARDR
|
-0.39460832 |
details, prediction |
Chiliz
CHZ
|
-0.20979014 |
details, prediction |
FTX Token
FTT
|
-0.20515065 |
details, prediction |
Ravencoin
RVN
|
-0.08712112 |
details, prediction |
Verge
XVG
|
-0.056542642 |
details, prediction |
|
Third tier
|
AdEx
ADX
|
-0.57380795 |
details, prediction |
BABB
BAX
|
-0.5555486 |
details, prediction |
Electroneum
ETN
|
-0.4870496 |
details, prediction |
LAToken
LA
|
-0.45573533 |
details, prediction |
Metal
MTL
|
-0.32891613 |
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)