Highly correlated currencies
Coin |
Correlation |
Links |
First tier
|
Bitcoin Cash
BCH
|
0.73524976 |
details, prediction |
EOS
EOS
|
0.63383174 |
details, prediction |
Monero
XMR
|
0.5868974 |
details, prediction |
TRON
TRX
|
0.56377864 |
details, prediction |
Bitcoin
BTC
|
0.47962978 |
details, prediction |
Second tier
|
Siacoin
SC
|
0.6778131 |
details, prediction |
iEx.ec
RLC
|
0.66714025 |
details, prediction |
aelf
ELF
|
0.6333702 |
details, prediction |
Dent
DENT
|
0.59980154 |
details, prediction |
Decentraland
MANA
|
0.57955956 |
details, prediction |
Third tier
|
XYO Network
XYO
|
0.7060235 |
details, prediction |
SmartMesh
SMT
|
0.6133839 |
details, prediction |
CPChain
CPC
|
0.60906583 |
details, prediction |
Bytom
BTM
|
0.597768 |
details, prediction |
Crypterium
CRPT
|
0.478105 |
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
|
ChainLink
LINK
|
-0.81416154 |
details, prediction |
Cosmos
ATOM
|
-0.548938 |
details, prediction |
Binance Coin
BNB
|
-0.49809226 |
details, prediction |
Chiliz
CHZ
|
-0.41043308 |
details, prediction |
Vechain
VET
|
-0.406776 |
details, prediction |
Second tier
|
SwissBorg
CHSB
|
-0.882342 |
details, prediction |
Loom Network
LOOM
|
-0.6092662 |
details, prediction |
Algorand
ALGO
|
-0.5659392 |
details, prediction |
Lisk
LSK
|
-0.41644463 |
details, prediction |
Ardor
ARDR
|
-0.3445939 |
details, prediction |
Third tier
|
Aeternity
AE
|
-0.4568389 |
details, prediction |
Dero
DERO
|
-0.4303371 |
details, prediction |
Gas
GAS
|
-0.29803157 |
details, prediction |
V Systems
VSYS
|
-0.2927644 |
details, prediction |
Nuls
NULS
|
-0.27466518 |
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)