Highly correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
KuCoin Shares
KCS
|
0.57527226 |
details, prediction |
Bitcoin Cash
BCH
|
0.47417316 |
details, prediction |
Ethereum Classic
ETC
|
0.3356174 |
details, prediction |
Cardano
ADA
|
0.29190564 |
details, prediction |
ZCash
ZEC
|
0.119285814 |
details, prediction |
|
Second tier
|
QTUM
QTUM
|
0.8192861 |
details, prediction |
Vechain
VET
|
0.7340303 |
details, prediction |
Decentraland
MANA
|
0.66081053 |
details, prediction |
Basic Attention Token
BAT
|
0.64485526 |
details, prediction |
Siacoin
SC
|
0.5955024 |
details, prediction |
|
Third tier
|
Loopring
LRC
|
0.87079245 |
details, prediction |
AdEx
ADX
|
0.79339737 |
details, prediction |
Power Ledger
POWR
|
0.7744554 |
details, prediction |
ICON
ICX
|
0.73355913 |
details, prediction |
Internet of Services
IOST
|
0.615714 |
details, prediction |
This report should be leaned to get most info about heading trends.
It means that Gas 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 Gas
Low correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
Stellar
XLM
|
-0.2768666 |
details, prediction |
Crypto.com Chain
CRO
|
-0.22577299 |
details, prediction |
Ethereum
ETH
|
-0.22381388 |
details, prediction |
Monero
XMR
|
-0.18334666 |
details, prediction |
Litecoin
LTC
|
-0.15607336 |
details, prediction |
|
Second tier
|
Bitcoin Gold
BTG
|
-0.574039 |
details, prediction |
Decred
DCR
|
-0.40158814 |
details, prediction |
HoloToken
HOT
|
-0.19016366 |
details, prediction |
Nexo
NEXO
|
-0.16050981 |
details, prediction |
DigiByte
DGB
|
-0.098064855 |
details, prediction |
|
Third tier
|
Propy
PRO
|
-0.40816817 |
details, prediction |
V Systems
VSYS
|
-0.39742428 |
details, prediction |
Steem
STEEM
|
-0.38667494 |
details, prediction |
Kambria
KAT
|
-0.37694407 |
details, prediction |
BABB
BAX
|
-0.3507074 |
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)