Highly correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
ZCash
ZEC
|
0.89172345 |
details, prediction |
UNUS SED LEO
LEO
|
0.8806325 |
details, prediction |
Monero
XMR
|
0.76693684 |
details, prediction |
Dogecoin
DOGE
|
0.73788327 |
details, prediction |
Bitcoin
BTC
|
0.72729653 |
details, prediction |
|
Second tier
|
Horizen
ZEN
|
0.74836594 |
details, prediction |
Algorand
ALGO
|
0.60137016 |
details, prediction |
OriginTrail
TRAC
|
0.60046923 |
details, prediction |
FTX Token
FTT
|
0.59478116 |
details, prediction |
Cosmos
ATOM
|
0.56134355 |
details, prediction |
|
Third tier
|
Bancor
BNT
|
0.7168796 |
details, prediction |
Storj
STORJ
|
0.6883471 |
details, prediction |
Loopring
LRC
|
0.6397742 |
details, prediction |
Constellation
DAG
|
0.5475872 |
details, prediction |
V Systems
VSYS
|
0.5243551 |
details, prediction |
This report should be leaned to get most info about heading trends.
It means that DASH 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 DASH
Low correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
Crypto.com Chain
CRO
|
-0.47655767 |
details, prediction |
Bitcoin Cash
BCH
|
-0.41619134 |
details, prediction |
Stellar
XLM
|
-0.37736523 |
details, prediction |
KuCoin Shares
KCS
|
-0.14638415 |
details, prediction |
Cardano
ADA
|
-0.038514253 |
details, prediction |
|
Second tier
|
Bitcoin Gold
BTG
|
-0.5639166 |
details, prediction |
Verge
XVG
|
-0.49070594 |
details, prediction |
Decred
DCR
|
-0.41621897 |
details, prediction |
Dai
DAI
|
-0.41052914 |
details, prediction |
Ardor
ARDR
|
-0.4032512 |
details, prediction |
|
Third tier
|
Phantasma
SOUL
|
-0.7308044 |
details, prediction |
BABB
BAX
|
-0.7066308 |
details, prediction |
FunFair
FUN
|
-0.6700309 |
details, prediction |
LAToken
LA
|
-0.6158194 |
details, prediction |
SingularityNET
AGI
|
-0.5756009 |
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)