Highly correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
Stellar
XLM
|
0.51226616 |
details, prediction |
TRON
TRX
|
-0.038351517 |
details, prediction |
ZCash
ZEC
|
-0.36784068 |
details, prediction |
Binance Coin
BNB
|
-0.4486411 |
details, prediction |
KuCoin Shares
KCS
|
-0.5180294 |
details, prediction |
|
Second tier
|
USD//Coin
USDC
|
0.96678966 |
details, prediction |
True USD
TUSD
|
0.18793407 |
details, prediction |
Cosmos
ATOM
|
-0.41633916 |
details, prediction |
OriginTrail
TRAC
|
-0.55393296 |
details, prediction |
Basic Attention Token
BAT
|
-0.6150967 |
details, prediction |
|
Third tier
|
BABB
BAX
|
0.39277393 |
details, prediction |
Phantasma
SOUL
|
0.18894471 |
details, prediction |
OPEN Platform
OPEN
|
0.093692526 |
details, prediction |
Matrix AI Network
MAN
|
0.059167426 |
details, prediction |
Propy
PRO
|
-0.23061207 |
details, prediction |
This report should be leaned to get most info about heading trends.
It means that Dai 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 Dai
Low correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
Bitcoin Cash
BCH
|
-0.87003636 |
details, prediction |
Litecoin
LTC
|
-0.827312 |
details, prediction |
Ethereum
ETH
|
-0.81559515 |
details, prediction |
Ethereum Classic
ETC
|
-0.810682 |
details, prediction |
ChainLink
LINK
|
-0.80640817 |
details, prediction |
|
Second tier
|
aelf
ELF
|
-0.8904156 |
details, prediction |
Vechain
VET
|
-0.87927 |
details, prediction |
0x
ZRX
|
-0.8723718 |
details, prediction |
Theta
THETA
|
-0.866532 |
details, prediction |
HoloToken
HOT
|
-0.861523 |
details, prediction |
|
Third tier
|
SysCoin
SYS
|
-0.9572474 |
details, prediction |
AdEx
ADX
|
-0.8969695 |
details, prediction |
Hydro Protocol
HOT
|
-0.87574714 |
details, prediction |
Lisk
LSK
|
-0.86188185 |
details, prediction |
Ontology
ONT
|
-0.8433081 |
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)