Highly correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
Cardano
ADA
|
0.9460259 |
details, prediction |
Ethereum Classic
ETC
|
0.9310061 |
details, prediction |
Litecoin
LTC
|
0.9070483 |
details, prediction |
Monero
XMR
|
0.902156 |
details, prediction |
ZCash
ZEC
|
0.8913864 |
details, prediction |
|
Second tier
|
Telcoin
TEL
|
0.96708083 |
details, prediction |
Bitcoin Gold
BTG
|
0.96507907 |
details, prediction |
NEO
NEO
|
0.96034336 |
details, prediction |
Status
SNT
|
0.95846766 |
details, prediction |
Synthetix Network Token
SNX
|
0.9431891 |
details, prediction |
|
Third tier
|
Stox
STX
|
0.94904625 |
details, prediction |
Lisk
LSK
|
0.9358698 |
details, prediction |
Bancor
BNT
|
0.9312581 |
details, prediction |
Internet of Services
IOST
|
0.9289137 |
details, prediction |
PIVX
PIVX
|
0.92695767 |
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
|
-0.70027643 |
details, prediction |
UNUS SED LEO
LEO
|
0.36352235 |
details, prediction |
Binance Coin
BNB
|
0.68621415 |
details, prediction |
Dogecoin
DOGE
|
0.74130124 |
details, prediction |
Bitcoin Cash
BCH
|
0.77569747 |
details, prediction |
|
Second tier
|
Dai
DAI
|
-0.47390664 |
details, prediction |
Decred
DCR
|
-0.18156895 |
details, prediction |
True USD
TUSD
|
0.050859723 |
details, prediction |
Nexo
NEXO
|
0.37398553 |
details, prediction |
Verge
XVG
|
0.4271429 |
details, prediction |
|
Third tier
|
Ontology
ONT
|
-0.25025743 |
details, prediction |
Dent
DENT
|
-0.030071309 |
details, prediction |
NKN
NKN
|
0.11185557 |
details, prediction |
Propy
PRO
|
0.13442865 |
details, prediction |
HEROcoin
PLAY
|
0.18451579 |
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)