Highly correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
ZCash
ZEC
|
0.9278935 |
details, prediction |
Binance Coin
BNB
|
0.88101393 |
details, prediction |
Monero
XMR
|
0.8344575 |
details, prediction |
ChainLink
LINK
|
0.82029796 |
details, prediction |
Litecoin
LTC
|
0.81709635 |
details, prediction |
|
Second tier
|
Horizen
ZEN
|
0.97359705 |
details, prediction |
Vechain
VET
|
0.9092998 |
details, prediction |
Verge
XVG
|
0.90335274 |
details, prediction |
0x
ZRX
|
0.89172435 |
details, prediction |
Theta Fuel
TFUEL
|
0.8776571 |
details, prediction |
|
Third tier
|
Stox
STX
|
0.88352424 |
details, prediction |
QuarkChain
QKC
|
0.81851715 |
details, prediction |
Gas
GAS
|
0.78987294 |
details, prediction |
Kyber Network
KNC
|
0.78864896 |
details, prediction |
Steem
STEEM
|
0.7828665 |
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
|
TRON
TRX
|
0.06392705 |
details, prediction |
KuCoin Shares
KCS
|
0.22562602 |
details, prediction |
Stellar
XLM
|
0.254035 |
details, prediction |
Bitcoin Cash
BCH
|
0.5917972 |
details, prediction |
Cardano
ADA
|
0.7085613 |
details, prediction |
|
Second tier
|
Ravencoin
RVN
|
-0.6645165 |
details, prediction |
USD//Coin
USDC
|
-0.6592669 |
details, prediction |
True USD
TUSD
|
-0.624909 |
details, prediction |
aelf
ELF
|
-0.5984668 |
details, prediction |
Dai
DAI
|
-0.38557568 |
details, prediction |
|
Third tier
|
Matrix AI Network
MAN
|
-0.7351384 |
details, prediction |
ICON
ICX
|
-0.71874815 |
details, prediction |
OPEN Platform
OPEN
|
-0.6674045 |
details, prediction |
Storj
STORJ
|
-0.5839505 |
details, prediction |
NKN
NKN
|
-0.56656784 |
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)