Highly correlated currencies
Coin |
Correlation |
Links |
First tier
|
Fantom
FTM
|
0.958322 |
details, prediction |
Decentraland
MANA
|
0.91817725 |
details, prediction |
Matic Network
MATIC
|
0.8574657 |
details, prediction |
IOTA
IOT
|
0.8490124 |
details, prediction |
Tezos
XTZ
|
0.84163237 |
details, prediction |
Second tier
|
Elastos
ELA
|
0.934933 |
details, prediction |
Electroneum
ETN
|
0.9243084 |
details, prediction |
SwissBorg
CHSB
|
0.8971659 |
details, prediction |
Aragon
ANT
|
0.8827013 |
details, prediction |
MonaCoin
MONA
|
0.8687279 |
details, prediction |
Third tier
|
Cappasity
CAPP
|
0.9721085 |
details, prediction |
Phantasma
SOUL
|
0.9586556 |
details, prediction |
Skrumble Network
SKM
|
0.9580865 |
details, prediction |
Gamecredits
GAME
|
0.95694196 |
details, prediction |
Dragonchain
DRGN
|
0.9538947 |
details, prediction |
This report should be leaned to get most info about heading trends.
It means that Bitcoin Diamond 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 Bitcoin Diamond
Low correlated currencies
Coin |
Correlation |
Links |
First tier
|
Monero
XMR
|
-0.49631634 |
details, prediction |
TRON
TRX
|
-0.3736462 |
details, prediction |
Waves
WAVES
|
-0.1782405 |
details, prediction |
ZCash
ZEC
|
-0.17218195 |
details, prediction |
Nexo
NEXO
|
0.05332962 |
details, prediction |
Second tier
|
Kyber Network
KNC
|
-0.58459395 |
details, prediction |
Paxos Standard
PAX
|
-0.43708777 |
details, prediction |
Dai
DAI
|
-0.409068 |
details, prediction |
USD//Coin
USDC
|
-0.31971374 |
details, prediction |
GXShares
GXS
|
-0.29664743 |
details, prediction |
Third tier
|
Time New Bank
TNB
|
-0.8884003 |
details, prediction |
Seele
SEELE
|
-0.78587025 |
details, prediction |
Linker Coin
LNC
|
-0.72996217 |
details, prediction |
SibCoin
SIB
|
-0.72550035 |
details, prediction |
Envion
EVN
|
-0.6876288 |
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)