Highly correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
Bitcoin Cash
BCH
|
0.9651856 |
details, prediction |
Litecoin
LTC
|
0.9633921 |
details, prediction |
Cardano
ADA
|
0.9595643 |
details, prediction |
Ethereum
ETH
|
0.9481159 |
details, prediction |
XRP
XRP
|
0.93641216 |
details, prediction |
|
Second tier
|
Vechain
VET
|
0.9787827 |
details, prediction |
Theta Fuel
TFUEL
|
0.9757551 |
details, prediction |
Status
SNT
|
0.97190577 |
details, prediction |
Siacoin
SC
|
0.97082275 |
details, prediction |
Ravencoin
RVN
|
0.9706497 |
details, prediction |
|
Third tier
|
Lisk
LSK
|
0.97362524 |
details, prediction |
Steem
STEEM
|
0.97056985 |
details, prediction |
LAToken
LA
|
0.970445 |
details, prediction |
Power Ledger
POWR
|
0.9691011 |
details, prediction |
Internet of Services
IOST
|
0.9653009 |
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
|
-0.6552201 |
details, prediction |
ZCash
ZEC
|
-0.19924775 |
details, prediction |
TRON
TRX
|
0.0031172342 |
details, prediction |
Binance Coin
BNB
|
0.49590644 |
details, prediction |
Monero
XMR
|
0.53386813 |
details, prediction |
|
Second tier
|
USD//Coin
USDC
|
-0.6387138 |
details, prediction |
Dai
DAI
|
-0.59831923 |
details, prediction |
True USD
TUSD
|
-0.38381532 |
details, prediction |
Telcoin
TEL
|
-0.3633311 |
details, prediction |
OriginTrail
TRAC
|
-0.24381293 |
details, prediction |
|
Third tier
|
Chronobank
TIME
|
-0.29290017 |
details, prediction |
FunFair
FUN
|
-0.20341793 |
details, prediction |
V Systems
VSYS
|
-0.050061774 |
details, prediction |
OPEN Platform
OPEN
|
0.047235552 |
details, prediction |
Matrix AI Network
MAN
|
0.14040494 |
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)