Highly correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
Stellar
XLM
|
0.85049343 |
details, prediction |
Ethereum Classic
ETC
|
0.7980876 |
details, prediction |
Bitcoin Cash
BCH
|
0.70186436 |
details, prediction |
Litecoin
LTC
|
0.66200656 |
details, prediction |
KuCoin Shares
KCS
|
0.62511563 |
details, prediction |
|
Second tier
|
Basic Attention Token
BAT
|
0.8818257 |
details, prediction |
Status
SNT
|
0.8725739 |
details, prediction |
Tezos
XTZ
|
0.8637829 |
details, prediction |
Waves
WAVES
|
0.8304714 |
details, prediction |
FTX Token
FTT
|
0.8150136 |
details, prediction |
|
Third tier
|
PIVX
PIVX
|
0.8300269 |
details, prediction |
SwftCoin
SWFTC
|
0.782812 |
details, prediction |
Power Ledger
POWR
|
0.7719404 |
details, prediction |
Electroneum
ETN
|
0.7706455 |
details, prediction |
Civic
CVC
|
0.74857104 |
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
|
0.13155134 |
details, prediction |
Monero
XMR
|
0.28533098 |
details, prediction |
Ethereum
ETH
|
0.33336577 |
details, prediction |
ChainLink
LINK
|
0.39778844 |
details, prediction |
Binance Coin
BNB
|
0.41299024 |
details, prediction |
|
Second tier
|
DigiByte
DGB
|
-0.20177194 |
details, prediction |
Ravencoin
RVN
|
-0.17509161 |
details, prediction |
USD//Coin
USDC
|
0.026205838 |
details, prediction |
True USD
TUSD
|
0.052173052 |
details, prediction |
aelf
ELF
|
0.39330608 |
details, prediction |
|
Third tier
|
HEROcoin
PLAY
|
-0.48718658 |
details, prediction |
OPEN Platform
OPEN
|
-0.47118056 |
details, prediction |
NKN
NKN
|
-0.26631448 |
details, prediction |
Propy
PRO
|
-0.1519434 |
details, prediction |
V Systems
VSYS
|
-0.1304219 |
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)