Highly correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
TRON
TRX
|
0.67314637 |
details, prediction |
Dogecoin
DOGE
|
0.040349957 |
details, prediction |
Binance Coin
BNB
|
-0.03547666 |
details, prediction |
XRP
XRP
|
-0.25582802 |
details, prediction |
UNUS SED LEO
LEO
|
-0.33411226 |
details, prediction |
|
Second tier
|
True USD
TUSD
|
0.4902878 |
details, prediction |
Verge
XVG
|
0.18203974 |
details, prediction |
Decred
DCR
|
-0.14463584 |
details, prediction |
Algorand
ALGO
|
-0.16320942 |
details, prediction |
Ardor
ARDR
|
-0.19558841 |
details, prediction |
|
Third tier
|
HEROcoin
PLAY
|
0.64047986 |
details, prediction |
Kambria
KAT
|
0.5068596 |
details, prediction |
Dero
DERO
|
0.44850957 |
details, prediction |
Ontology
ONT
|
0.23426546 |
details, prediction |
Constellation
DAG
|
0.07299911 |
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
|
-0.74491477 |
details, prediction |
Crypto.com Chain
CRO
|
-0.71029645 |
details, prediction |
Cardano
ADA
|
-0.540047 |
details, prediction |
Litecoin
LTC
|
-0.52922076 |
details, prediction |
Ethereum Classic
ETC
|
-0.5265509 |
details, prediction |
|
Second tier
|
Cosmos
ATOM
|
-0.76176894 |
details, prediction |
Bitcoin SV
BSV
|
-0.7574831 |
details, prediction |
Vechain
VET
|
-0.75319827 |
details, prediction |
Theta
THETA
|
-0.75143516 |
details, prediction |
Chiliz
CHZ
|
-0.7444251 |
details, prediction |
|
Third tier
|
Kleros
PNK
|
-0.619767 |
details, prediction |
V Systems
VSYS
|
-0.54625076 |
details, prediction |
NEM
XEM
|
-0.5391737 |
details, prediction |
Hydro Protocol
HOT
|
-0.50784457 |
details, prediction |
Power Ledger
POWR
|
-0.4989409 |
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)