Highly correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
Ethereum Classic
ETC
|
0.86974543 |
details, prediction |
Dogecoin
DOGE
|
0.8211351 |
details, prediction |
Cardano
ADA
|
0.79381627 |
details, prediction |
Bitcoin
BTC
|
0.7737893 |
details, prediction |
ChainLink
LINK
|
0.7656106 |
details, prediction |
|
Second tier
|
Horizen
ZEN
|
0.8747851 |
details, prediction |
FTX Token
FTT
|
0.84381735 |
details, prediction |
Verge
XVG
|
0.8312276 |
details, prediction |
QTUM
QTUM
|
0.8205167 |
details, prediction |
Algorand
ALGO
|
0.8108276 |
details, prediction |
|
Third tier
|
Storj
STORJ
|
0.85320157 |
details, prediction |
Stox
STX
|
0.8445629 |
details, prediction |
Wanchain
WAN
|
0.82610434 |
details, prediction |
Bancor
BNT
|
0.8069325 |
details, prediction |
Kyber Network
KNC
|
0.7967921 |
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
|
Stellar
XLM
|
-0.45655686 |
details, prediction |
TRON
TRX
|
0.30086485 |
details, prediction |
ZCash
ZEC
|
0.53426355 |
details, prediction |
KuCoin Shares
KCS
|
0.578788 |
details, prediction |
Ethereum
ETH
|
0.6201055 |
details, prediction |
|
Second tier
|
USD//Coin
USDC
|
-0.72382724 |
details, prediction |
True USD
TUSD
|
-0.6079297 |
details, prediction |
Dai
DAI
|
-0.5220359 |
details, prediction |
DigiByte
DGB
|
0.2853177 |
details, prediction |
Bitcoin Gold
BTG
|
0.4367787 |
details, prediction |
|
Third tier
|
Phantasma
SOUL
|
-0.17696655 |
details, prediction |
Propy
PRO
|
-0.17538756 |
details, prediction |
Matrix AI Network
MAN
|
0.016702423 |
details, prediction |
NKN
NKN
|
0.12088903 |
details, prediction |
V Systems
VSYS
|
0.14828792 |
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)