Highly correlated currencies
Coin |
Correlation |
Links |
First tier
|
TRON
TRX
|
0.50799143 |
details, prediction |
Monero
XMR
|
-0.38020802 |
details, prediction |
Waves
WAVES
|
-0.62149364 |
details, prediction |
ZCash
ZEC
|
-0.63974375 |
details, prediction |
Ethereum Classic
ETC
|
-0.70457155 |
details, prediction |
Second tier
|
USD//Coin
USDC
|
0.97240216 |
details, prediction |
True USD
TUSD
|
0.9051132 |
details, prediction |
Paxos Standard
PAX
|
0.711939 |
details, prediction |
EthLend
LEND
|
0.69862384 |
details, prediction |
Digix DAO
DGD
|
0.02691817 |
details, prediction |
Third tier
|
ILCoin
ILC
|
0.90379465 |
details, prediction |
SunContract
SNC
|
0.869019 |
details, prediction |
FeatherCoin
FTC
|
0.8007903 |
details, prediction |
Time New Bank
TNB
|
0.7922689 |
details, prediction |
Envion
EVN
|
0.7206151 |
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 SV
BSV
|
-0.9269966 |
details, prediction |
XRP
XRP
|
-0.9253379 |
details, prediction |
ChainLink
LINK
|
-0.92167574 |
details, prediction |
Bitcoin
BTC
|
-0.9199515 |
details, prediction |
Crypto.com Chain
CRO
|
-0.9177022 |
details, prediction |
Second tier
|
Ontology
ONT
|
-0.93461853 |
details, prediction |
NEM
XEM
|
-0.93084615 |
details, prediction |
aelf
ELF
|
-0.9260492 |
details, prediction |
Power Ledger
POWR
|
-0.92497003 |
details, prediction |
Augur
REP
|
-0.9240168 |
details, prediction |
Third tier
|
WaykiChain
WICC
|
-0.94663566 |
details, prediction |
Aion
AION
|
-0.9314476 |
details, prediction |
POA Network
POA
|
-0.92752075 |
details, prediction |
Komodo
KMD
|
-0.9268201 |
details, prediction |
Odyssey
OCN
|
-0.92681676 |
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)