Highly correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
Bitcoin Cash
BCH
|
0.51513666 |
details, prediction |
Cardano
ADA
|
0.3428043 |
details, prediction |
Binance Coin
BNB
|
0.32918957 |
details, prediction |
Ethereum Classic
ETC
|
0.31227803 |
details, prediction |
KuCoin Shares
KCS
|
0.25101638 |
details, prediction |
|
Second tier
|
USD//Coin
USDC
|
0.89607745 |
details, prediction |
Verge
XVG
|
0.5755002 |
details, prediction |
True USD
TUSD
|
0.5665862 |
details, prediction |
Ardor
ARDR
|
0.55267274 |
details, prediction |
Waves
WAVES
|
0.5503456 |
details, prediction |
|
Third tier
|
Dero
DERO
|
0.6645465 |
details, prediction |
PIVX
PIVX
|
0.635876 |
details, prediction |
Phantasma
SOUL
|
0.62238973 |
details, prediction |
SysCoin
SYS
|
0.59667397 |
details, prediction |
Wanchain
WAN
|
0.5921438 |
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
|
UNUS SED LEO
LEO
|
-0.5581513 |
details, prediction |
ZCash
ZEC
|
-0.5463464 |
details, prediction |
Bitcoin
BTC
|
-0.45711526 |
details, prediction |
Ethereum
ETH
|
-0.33874547 |
details, prediction |
TRON
TRX
|
-0.2684199 |
details, prediction |
|
Second tier
|
Nexo
NEXO
|
-0.7193237 |
details, prediction |
HoloToken
HOT
|
-0.63332504 |
details, prediction |
Bitcoin SV
BSV
|
-0.46160915 |
details, prediction |
0x
ZRX
|
-0.44457534 |
details, prediction |
Algorand
ALGO
|
-0.3425089 |
details, prediction |
|
Third tier
|
Enjin Coin
ENJ
|
-0.6632702 |
details, prediction |
OPEN Platform
OPEN
|
-0.65526676 |
details, prediction |
Hydro Protocol
HOT
|
-0.6024267 |
details, prediction |
Kambria
KAT
|
-0.3827094 |
details, prediction |
Metal
MTL
|
-0.3096994 |
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)