Highly correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
KuCoin Shares
KCS
|
0.9683008 |
details, prediction |
Ethereum Classic
ETC
|
0.9457308 |
details, prediction |
Cardano
ADA
|
0.93618566 |
details, prediction |
Litecoin
LTC
|
0.9183459 |
details, prediction |
Ethereum
ETH
|
0.8928441 |
details, prediction |
|
Second tier
|
EOS
EOS
|
0.97122335 |
details, prediction |
DASH
DASH
|
0.9501495 |
details, prediction |
Status
SNT
|
0.9480756 |
details, prediction |
Basic Attention Token
BAT
|
0.9296227 |
details, prediction |
Horizen
ZEN
|
0.9266393 |
details, prediction |
|
Third tier
|
Kleros
PNK
|
0.98380876 |
details, prediction |
Bancor
BNT
|
0.934489 |
details, prediction |
Civic
CVC
|
0.93022066 |
details, prediction |
Lisk
LSK
|
0.9252923 |
details, prediction |
ARK
ARK
|
0.9232989 |
details, prediction |
This report should be leaned to get most info about heading trends.
It means that ZCash 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 ZCash
Low correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
TRON
TRX
|
-0.5629537 |
details, prediction |
UNUS SED LEO
LEO
|
0.30908895 |
details, prediction |
Binance Coin
BNB
|
0.7273246 |
details, prediction |
Dogecoin
DOGE
|
0.774069 |
details, prediction |
ChainLink
LINK
|
0.77862155 |
details, prediction |
|
Second tier
|
Dai
DAI
|
-0.41810596 |
details, prediction |
Decred
DCR
|
-0.3678768 |
details, prediction |
True USD
TUSD
|
0.14505604 |
details, prediction |
Verge
XVG
|
0.33892253 |
details, prediction |
Nexo
NEXO
|
0.3761941 |
details, prediction |
|
Third tier
|
Dent
DENT
|
-0.16366135 |
details, prediction |
Ontology
ONT
|
-0.03107758 |
details, prediction |
Propy
PRO
|
0.0635735 |
details, prediction |
BABB
BAX
|
0.17120498 |
details, prediction |
OPEN Platform
OPEN
|
0.20673579 |
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)