Highly correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
KuCoin Shares
KCS
|
-0.306808 |
details, prediction |
Stellar
XLM
|
-0.4348063 |
details, prediction |
ZCash
ZEC
|
-0.51377875 |
details, prediction |
Monero
XMR
|
-0.54993415 |
details, prediction |
TRON
TRX
|
-0.5908649 |
details, prediction |
|
Second tier
|
USD//Coin
USDC
|
0.9369582 |
details, prediction |
True USD
TUSD
|
0.8992328 |
details, prediction |
Nexo
NEXO
|
-0.387773 |
details, prediction |
FTX Token
FTT
|
-0.40575925 |
details, prediction |
Cosmos
ATOM
|
-0.41594058 |
details, prediction |
|
Third tier
|
Propy
PRO
|
0.5318156 |
details, prediction |
Matrix AI Network
MAN
|
0.45068023 |
details, prediction |
BABB
BAX
|
0.41337997 |
details, prediction |
Phantasma
SOUL
|
0.26631555 |
details, prediction |
Metal
MTL
|
0.22618774 |
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
|
-0.81908876 |
details, prediction |
Cardano
ADA
|
-0.792737 |
details, prediction |
Dogecoin
DOGE
|
-0.79134434 |
details, prediction |
Binance Coin
BNB
|
-0.7312025 |
details, prediction |
Ethereum Classic
ETC
|
-0.7277245 |
details, prediction |
|
Second tier
|
Theta Fuel
TFUEL
|
-0.8522635 |
details, prediction |
Tezos
XTZ
|
-0.8479211 |
details, prediction |
Chiliz
CHZ
|
-0.83903354 |
details, prediction |
iEx.ec
RLC
|
-0.83710366 |
details, prediction |
Decred
DCR
|
-0.8350182 |
details, prediction |
|
Third tier
|
Dero
DERO
|
-0.9404811 |
details, prediction |
Lisk
LSK
|
-0.88215905 |
details, prediction |
IoTeX
IOTX
|
-0.8796897 |
details, prediction |
Internet of Services
IOST
|
-0.8656712 |
details, prediction |
Civic
CVC
|
-0.8577051 |
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)