Highly correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
TRON
TRX
|
0.8905872 |
details, prediction |
Dogecoin
DOGE
|
0.35422638 |
details, prediction |
Binance Coin
BNB
|
0.26487947 |
details, prediction |
XRP
XRP
|
-0.11993287 |
details, prediction |
UNUS SED LEO
LEO
|
-0.3555651 |
details, prediction |
|
Second tier
|
True USD
TUSD
|
0.51644886 |
details, prediction |
Verge
XVG
|
0.40671074 |
details, prediction |
Decred
DCR
|
0.23339522 |
details, prediction |
Ardor
ARDR
|
-0.03003994 |
details, prediction |
DigiByte
DGB
|
-0.03671575 |
details, prediction |
|
Third tier
|
HEROcoin
PLAY
|
0.9719136 |
details, prediction |
Dero
DERO
|
0.87230444 |
details, prediction |
Constellation
DAG
|
0.5349245 |
details, prediction |
Elastos
ELA
|
0.39545295 |
details, prediction |
BOScoin
BOS
|
0.38583475 |
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
|
Crypto.com Chain
CRO
|
-0.8381282 |
details, prediction |
ChainLink
LINK
|
-0.82560486 |
details, prediction |
Bitcoin Cash
BCH
|
-0.7323291 |
details, prediction |
Ethereum Classic
ETC
|
-0.64428234 |
details, prediction |
Cardano
ADA
|
-0.6429913 |
details, prediction |
|
Second tier
|
Chiliz
CHZ
|
-0.83790225 |
details, prediction |
Cosmos
ATOM
|
-0.83711064 |
details, prediction |
Vechain
VET
|
-0.836257 |
details, prediction |
Theta
THETA
|
-0.8322319 |
details, prediction |
Bitcoin SV
BSV
|
-0.8240516 |
details, prediction |
|
Third tier
|
NEM
XEM
|
-0.7363182 |
details, prediction |
Phantasma
SOUL
|
-0.6693986 |
details, prediction |
OPEN Platform
OPEN
|
-0.640198 |
details, prediction |
Kleros
PNK
|
-0.6184735 |
details, prediction |
V Systems
VSYS
|
-0.60687345 |
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)