Highly correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
Ethereum Classic
ETC
|
0.93319315 |
details, prediction |
KuCoin Shares
KCS
|
0.93125886 |
details, prediction |
Crypto.com Chain
CRO
|
0.9059226 |
details, prediction |
Monero
XMR
|
0.90548855 |
details, prediction |
Cardano
ADA
|
0.8728861 |
details, prediction |
|
Second tier
|
EOS
EOS
|
0.9706849 |
details, prediction |
Synthetix Network Token
SNX
|
0.9678824 |
details, prediction |
Horizen
ZEN
|
0.9509529 |
details, prediction |
Status
SNT
|
0.9290824 |
details, prediction |
NEO
NEO
|
0.9238976 |
details, prediction |
|
Third tier
|
Kleros
PNK
|
0.9697902 |
details, prediction |
Lisk
LSK
|
0.93840307 |
details, prediction |
Bancor
BNT
|
0.93710464 |
details, prediction |
Metal
MTL
|
0.9264715 |
details, prediction |
Phantasma
SOUL
|
0.9253889 |
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
|
-0.5851435 |
details, prediction |
XRP
XRP
|
0.32897264 |
details, prediction |
UNUS SED LEO
LEO
|
0.3706183 |
details, prediction |
Stellar
XLM
|
0.39186022 |
details, prediction |
Ethereum
ETH
|
0.4585868 |
details, prediction |
|
Second tier
|
Dai
DAI
|
-0.48848534 |
details, prediction |
Decred
DCR
|
-0.21736208 |
details, prediction |
True USD
TUSD
|
0.1267548 |
details, prediction |
Verge
XVG
|
0.38975707 |
details, prediction |
Nexo
NEXO
|
0.50202334 |
details, prediction |
|
Third tier
|
Kambria
KAT
|
-0.2741442 |
details, prediction |
Ontology
ONT
|
-0.1806736 |
details, prediction |
Dent
DENT
|
3.7945985E-4 |
details, prediction |
HEROcoin
PLAY
|
0.078139424 |
details, prediction |
OPEN Platform
OPEN
|
0.10705231 |
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)