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Some relations among various cryptos

Some relations among various cryptos

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Saturday, August 4, 2018 8:06 PM

Hello my crypto family!

I wanted to do some analyses and discover what is going on in crypto world and how we could exploit it

For the start, I took the TOP 35 cryptos according to coinmarketcap, their opening prices for this year.

I have only calculated correlation, to see what to do next.

I was surprised a bit...

Bitcoin was correlated (> 0.90) with: dash, BTC-gold, monero, qtum, BTC-cash, dogecoin, iota, litecoin and zcash

Ethereum was correlated with: icon, neo and STEEM

Litecoin with: monero, dash and BITCOIN

And our beloved STEEM was correlated with: stellar, ETHEREUM, cardano and icon

If the history repeats itself, check ETH to predict STEEM - why?

I have no idea. I have only calculated some correlations...

In case you have some theory - tell me in the comment section

Saturday, August 4, 2018 8:06 PM

This post was published via steemit. Ecency is not the originator or editor of this content and displays it for discovery purposes only.

$ 0.691

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