Highly correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
ZCash
ZEC
|
0.7842889 |
details, prediction |
ChainLink
LINK
|
0.7837428 |
details, prediction |
Monero
XMR
|
0.7753363 |
details, prediction |
Bitcoin
BTC
|
0.7477872 |
details, prediction |
Ethereum Classic
ETC
|
0.71329993 |
details, prediction |
|
Second tier
|
Theta
THETA
|
0.8682627 |
details, prediction |
Cosmos
ATOM
|
0.77307004 |
details, prediction |
iEx.ec
RLC
|
0.73411876 |
details, prediction |
HoloToken
HOT
|
0.71795607 |
details, prediction |
Horizen
ZEN
|
0.7090539 |
details, prediction |
|
Third tier
|
Bancor
BNT
|
0.8620032 |
details, prediction |
Metal
MTL
|
0.788101 |
details, prediction |
Loopring
LRC
|
0.7705209 |
details, prediction |
Hydro Protocol
HOT
|
0.76406115 |
details, prediction |
HEROcoin
PLAY
|
0.7454522 |
details, prediction |
This report should be leaned to get most info about heading trends.
It means that 0x 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 0x
Low correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
Bitcoin Cash
BCH
|
-0.09644822 |
details, prediction |
Crypto.com Chain
CRO
|
-0.08994772 |
details, prediction |
Stellar
XLM
|
-0.003934521 |
details, prediction |
TRON
TRX
|
0.2101184 |
details, prediction |
Cardano
ADA
|
0.26646563 |
details, prediction |
|
Second tier
|
Dai
DAI
|
-0.7388806 |
details, prediction |
Verge
XVG
|
-0.5298542 |
details, prediction |
USD//Coin
USDC
|
-0.5000125 |
details, prediction |
Decred
DCR
|
-0.36144873 |
details, prediction |
DigiByte
DGB
|
-0.16078852 |
details, prediction |
|
Third tier
|
Dent
DENT
|
-0.7226599 |
details, prediction |
FunFair
FUN
|
-0.55753195 |
details, prediction |
BABB
BAX
|
-0.49051067 |
details, prediction |
Wanchain
WAN
|
-0.46302167 |
details, prediction |
Constellation
DAG
|
-0.42098105 |
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)