Ethereum Forecasting & Cryptocurrency Correlation Matrix

According to the table below, it is clear which altcoins correlates with ETH the most. Highlite are those altcoins, that have a positive correlation to ETH above 0.7. This means that similarity of those coins movements is 70% or higher. The period of the correlation is 90 days.

Below is the visual representation of these correlations, ETH and correlated coins in relation to BTC.

Below is the visual representation of these correlations, ETH and correlated coins in relation to USD.

This information could be used to analyse, forecast and/or trade any or all of the instruments presented on the chart (ETHEREUM, ZCASH, AUGUR, NEM and STRATIS), because it provides additional information, data and confirmation signals for each and/or every instrument within that correlation.

Such approach could substantially increase the probability of the forecasts and trade signals thus enabling traders to earn more steady and consistent profit.

 

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