Highly correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
Bitcoin Cash
BCH
|
0.9619938 |
details, prediction |
Ethereum Classic
ETC
|
0.9318216 |
details, prediction |
Cardano
ADA
|
0.9293568 |
details, prediction |
ZCash
ZEC
|
0.92613167 |
details, prediction |
KuCoin Shares
KCS
|
0.92473793 |
details, prediction |
|
Second tier
|
Request Network
REQ
|
0.9944982 |
details, prediction |
Theta Fuel
TFUEL
|
0.99394745 |
details, prediction |
Siacoin
SC
|
0.9896261 |
details, prediction |
Waves
WAVES
|
0.98629385 |
details, prediction |
Status
SNT
|
0.9820042 |
details, prediction |
|
Third tier
|
IoTeX
IOTX
|
0.99206114 |
details, prediction |
Loopring
LRC
|
0.98769814 |
details, prediction |
Internet of Services
IOST
|
0.9863999 |
details, prediction |
ICON
ICX
|
0.9743972 |
details, prediction |
ARK
ARK
|
0.9711995 |
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
|
TRON
TRX
|
-0.6909171 |
details, prediction |
UNUS SED LEO
LEO
|
-0.04413921 |
details, prediction |
Binance Coin
BNB
|
0.7171913 |
details, prediction |
ChainLink
LINK
|
0.74914104 |
details, prediction |
Dogecoin
DOGE
|
0.79662484 |
details, prediction |
|
Second tier
|
Decred
DCR
|
-0.43104878 |
details, prediction |
Dai
DAI
|
-0.33411187 |
details, prediction |
True USD
TUSD
|
0.21996538 |
details, prediction |
Nexo
NEXO
|
0.32526132 |
details, prediction |
Verge
XVG
|
0.42536375 |
details, prediction |
|
Third tier
|
Dent
DENT
|
-0.33718768 |
details, prediction |
Ontology
ONT
|
-0.27831325 |
details, prediction |
Propy
PRO
|
0.01058303 |
details, prediction |
OPEN Platform
OPEN
|
0.15405947 |
details, prediction |
NKN
NKN
|
0.21058056 |
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)