Highly correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
Bitcoin Cash
BCH
|
0.7238584 |
details, prediction |
KuCoin Shares
KCS
|
0.62062865 |
details, prediction |
Crypto.com Chain
CRO
|
0.6185225 |
details, prediction |
Cardano
ADA
|
0.552324 |
details, prediction |
Dogecoin
DOGE
|
0.5395343 |
details, prediction |
|
Second tier
|
Siacoin
SC
|
0.79568577 |
details, prediction |
Waves
WAVES
|
0.76694196 |
details, prediction |
Status
SNT
|
0.7524153 |
details, prediction |
Request Network
REQ
|
0.7490782 |
details, prediction |
Theta Fuel
TFUEL
|
0.7388046 |
details, prediction |
|
Third tier
|
Stox
STX
|
0.89955986 |
details, prediction |
Constellation
DAG
|
0.8082518 |
details, prediction |
Gas
GAS
|
0.8014564 |
details, prediction |
Loopring
LRC
|
0.7552457 |
details, prediction |
AdEx
ADX
|
0.7534831 |
details, prediction |
This report should be leaned to get most info about heading trends.
It means that Zilliqa 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 Zilliqa
Low correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
TRON
TRX
|
-0.57086706 |
details, prediction |
UNUS SED LEO
LEO
|
-0.39549235 |
details, prediction |
Ethereum
ETH
|
0.2294673 |
details, prediction |
Stellar
XLM
|
0.2337673 |
details, prediction |
Binance Coin
BNB
|
0.31678408 |
details, prediction |
|
Second tier
|
Decred
DCR
|
-0.29797035 |
details, prediction |
Dai
DAI
|
-0.1709092 |
details, prediction |
Nexo
NEXO
|
0.011147802 |
details, prediction |
True USD
TUSD
|
0.079189226 |
details, prediction |
EOS
EOS
|
0.18513775 |
details, prediction |
|
Third tier
|
Kleros
PNK
|
-0.4665082 |
details, prediction |
Dent
DENT
|
-0.4251002 |
details, prediction |
Streamr DATAcoin
DATA
|
-0.33441654 |
details, prediction |
Ontology
ONT
|
-0.31973723 |
details, prediction |
Propy
PRO
|
-0.116455905 |
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)