Highly correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
Stellar
XLM
|
0.4830302 |
details, prediction |
TRON
TRX
|
0.24373263 |
details, prediction |
ZCash
ZEC
|
0.03528567 |
details, prediction |
Binance Coin
BNB
|
-0.36608797 |
details, prediction |
Crypto.com Chain
CRO
|
-0.52431726 |
details, prediction |
|
Second tier
|
USD//Coin
USDC
|
0.9543005 |
details, prediction |
Telcoin
TEL
|
0.55299604 |
details, prediction |
OriginTrail
TRAC
|
0.4056258 |
details, prediction |
True USD
TUSD
|
0.088866904 |
details, prediction |
Cosmos
ATOM
|
-0.3488369 |
details, prediction |
|
Third tier
|
FunFair
FUN
|
0.91994846 |
details, prediction |
Komodo
KMD
|
0.76038927 |
details, prediction |
V Systems
VSYS
|
0.043626443 |
details, prediction |
Constellation
DAG
|
-0.06637415 |
details, prediction |
Matrix AI Network
MAN
|
-0.07368374 |
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
BTC
|
-0.81849265 |
details, prediction |
Ethereum
ETH
|
-0.8059921 |
details, prediction |
Litecoin
LTC
|
-0.76539916 |
details, prediction |
XRP
XRP
|
-0.75457776 |
details, prediction |
Bitcoin Cash
BCH
|
-0.7416678 |
details, prediction |
|
Second tier
|
Theta
THETA
|
-0.8713414 |
details, prediction |
0x
ZRX
|
-0.83249706 |
details, prediction |
HoloToken
HOT
|
-0.8242736 |
details, prediction |
Nexo
NEXO
|
-0.8098188 |
details, prediction |
Zilliqa
ZIL
|
-0.8039243 |
details, prediction |
|
Third tier
|
LAToken
LA
|
-0.90840733 |
details, prediction |
Hydro Protocol
HOT
|
-0.829937 |
details, prediction |
Lisk
LSK
|
-0.7885109 |
details, prediction |
ARK
ARK
|
-0.78365237 |
details, prediction |
Chronobank
TIME
|
-0.7823329 |
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)