Highly correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
Crypto.com Chain
CRO
|
0.85070175 |
details, prediction |
Cardano
ADA
|
0.8007091 |
details, prediction |
XRP
XRP
|
0.65723246 |
details, prediction |
Bitcoin Cash
BCH
|
0.56292766 |
details, prediction |
Binance Coin
BNB
|
0.5628666 |
details, prediction |
|
Second tier
|
Bitcoin Gold
BTG
|
0.83762234 |
details, prediction |
IOTA
IOT
|
0.788777 |
details, prediction |
Telcoin
TEL
|
0.76748323 |
details, prediction |
Zilliqa
ZIL
|
0.74275327 |
details, prediction |
Theta Fuel
TFUEL
|
0.70367414 |
details, prediction |
|
Third tier
|
Stox
STX
|
0.97536594 |
details, prediction |
Chronobank
TIME
|
0.7858949 |
details, prediction |
ARK
ARK
|
0.7827903 |
details, prediction |
Matrix AI Network
MAN
|
0.7823938 |
details, prediction |
Komodo
KMD
|
0.76522195 |
details, prediction |
This report should be leaned to get most info about heading trends.
It means that Tezos 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 Tezos
Low correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
TRON
TRX
|
-0.7155606 |
details, prediction |
Ethereum
ETH
|
-0.262356 |
details, prediction |
ZCash
ZEC
|
-0.058813654 |
details, prediction |
Bitcoin
BTC
|
-0.0176089 |
details, prediction |
KuCoin Shares
KCS
|
0.07354154 |
details, prediction |
|
Second tier
|
True USD
TUSD
|
-0.4516037 |
details, prediction |
USD//Coin
USDC
|
-0.31930983 |
details, prediction |
Algorand
ALGO
|
-0.22579955 |
details, prediction |
Dai
DAI
|
-0.20965052 |
details, prediction |
Bitcoin SV
BSV
|
-0.20392975 |
details, prediction |
|
Third tier
|
Ontology
ONT
|
-0.7279831 |
details, prediction |
NKN
NKN
|
-0.58698726 |
details, prediction |
V Systems
VSYS
|
-0.5073899 |
details, prediction |
Phantasma
SOUL
|
-0.21933088 |
details, prediction |
HEROcoin
PLAY
|
-0.19500357 |
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)