Correlation amongst assets is the degree to which they move in tandem.

A value close to zero reveals not much dependence between them. This tends to be the case between digital currencies and the stock market. Correlation values range between -1 (returns move in opposite directions) and +1 (returns move in the same direction). However, cryptocurrencies usually present values corresponding to strong positive relationship (0.5 – 1) and moderate positive relationship (0.3 – 0.5).

The 90-day Pearson coefficient show extremely high correlations between Bitcoin and Bitcoin Cash (0.88), Litecoin (0.86), Ethereum (0.83), NEM (0.83), Zcash (0.82), Monero (0.82), Ripple (0.78), Stellar Lumens (0.78), Siacoin (0.77), Nxt (0.76), Dash (0.69), Lisk (0.68), Ethereum Classic (0.6), and Augur (0.55), according to the cryptocurrency correlation matrix by Sifr Data.

The ties between Bitcoin and these altcoins have led to significant damage in their market valuation in 2018. As the BTC moved throughout the year from its $20,000 peak to approximately $6,500, where it currently stands, Bitcoin Cash plunged from $3,400 to the $500 line.

Litecoin fell from $366 to $56. Ethereum dropped from $1,377 to $218. NEM crashed to $0.10 down from $1.90. Zcash declined from $888 to $127. Monero fell from $494 to $112. Ripple dived from $339 to as low as $0.29 as the cryptocurrencies continually print new lows in 2018.

The strong positive relationship between Bitcoin and altcoins prices wasn’t always a given. Correlation between Bitcoin and MVIS CryptoCompare indexes of the 10 biggest and the 100 smaller coins has jumped to 0.7 from lower than 0.1 at the start of the year. The highest correlation this year was found in April, where it went as high as 0.9 in April, virtually mimicking each other in a bearish momentum.

The 90-day Pearson rolling correlation also shows an interesting behavior as Bitcoin Cash moves higher from the third place (0.79) to become the digital currency with the strongest positive correlation against Bitcoin (0.88).

Ethereum, which was in the lead 90 days ago with a coefficient of 0.90, dropped gradually to the second place (0.83). Ripple also made a downward trajectory during the last three months, easing from 0.84 to 0.78.

The number of digital assets available for trading in the cryptocurrency market has increased continually, completely disregarding this year’s downward slope in volumes traded – $31 billion on January 01, 2018 to $13 billion today – and market capitalization – $613 billion on January 01, 2018 to $203 billion today.

There are now 1,926 cryptocurrencies being traded in 13,727 exchanges around the world, according to CoinMarketCap, but BTC dominance keeps rising.

The recent drops of price was a proof that cryotocurrency was manipulated by whales. A news from crypto world saying that a short transaction of 10K btc pull down the price. These whales is manipulating the market price indirectly through large movement of btc. We a small trader, cant do anything about this - because the money and the power is all there. We are just riding at their back. A good ride to them means good profit to us.

Guys, is it really good to hold this coin? I have waited for over 4months but still it down to lowest price..

I came to think this way because I've seen too many project created everyday. There are so many people complaining of scam project that just take away their money.. Too much ICO makes investor  confuse which project is good and scam.
How about you guys what do you think of ICOs nowadays?

Guys, what did you see in the coming days? is bull market will take over again? I have seen some green colors in the market and some alt is starting to gain momentum. Is this the start? or well see slide again.
Please leave your predictions here!

Guys, do you have tutorials on how to obtain a jr sparta membership?  and can somebody explain to me the benefits of having such membership on the altcointalk account? naghanap ako soon sa Sparta section pero di makita tuturials on how get that membership? pakitulungan naman ako pls!

guys, please tell me where is the end of this price down? the market seem to have no ending of price down im quite disapointed wih tthe market perormance of cardano.. can we still hold our faith to this coin? or shall we sell our remaining investment? what did you see with thr future of this coin?

guys, anong palagay nyo dito?

http://www.atimes.com/article/crypto-in-manila-how-to-educate-innovate-and-regulate/

handa na kaya tayong mga pinoy na yakapin ang cryptocurrency. union bank has shows interest to accept cryptocurrency in their bank transaction they are now hiring professionals to start working on blockchain technology.

makakatulong kaya ito sa atin? i wanna know your opinion!