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
