Highly correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
Bitcoin Cash
BCH
|
0.858855 |
details, prediction |
KuCoin Shares
KCS
|
0.82407373 |
details, prediction |
ZCash
ZEC
|
0.7459359 |
details, prediction |
Dogecoin
DOGE
|
0.72425693 |
details, prediction |
Cardano
ADA
|
0.71726334 |
details, prediction |
|
Second tier
|
Status
SNT
|
0.9241262 |
details, prediction |
Waves
WAVES
|
0.91986287 |
details, prediction |
Request Network
REQ
|
0.91517276 |
details, prediction |
Siacoin
SC
|
0.909666 |
details, prediction |
iEx.ec
RLC
|
0.90165776 |
details, prediction |
|
Third tier
|
AdEx
ADX
|
0.9225111 |
details, prediction |
Elastos
ELA
|
0.9047384 |
details, prediction |
Loopring
LRC
|
0.90331316 |
details, prediction |
Internet of Services
IOST
|
0.8897526 |
details, prediction |
ICON
ICX
|
0.88901067 |
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
|
TRON
TRX
|
-0.49936926 |
details, prediction |
UNUS SED LEO
LEO
|
-0.1738492 |
details, prediction |
Stellar
XLM
|
0.4943454 |
details, prediction |
Ethereum
ETH
|
0.49972236 |
details, prediction |
Binance Coin
BNB
|
0.5046975 |
details, prediction |
|
Second tier
|
Decred
DCR
|
-0.4811961 |
details, prediction |
Dai
DAI
|
-0.0758052 |
details, prediction |
Nexo
NEXO
|
0.18686768 |
details, prediction |
True USD
TUSD
|
0.33218107 |
details, prediction |
HoloToken
HOT
|
0.46779263 |
details, prediction |
|
Third tier
|
Dent
DENT
|
-0.4969545 |
details, prediction |
Propy
PRO
|
-0.094601326 |
details, prediction |
Ontology
ONT
|
-0.06696013 |
details, prediction |
FunFair
FUN
|
0.1029979 |
details, prediction |
BABB
BAX
|
0.112960964 |
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)