Highly correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
Monero
XMR
|
0.7500558 |
details, prediction |
ZCash
ZEC
|
0.7015676 |
details, prediction |
Dogecoin
DOGE
|
0.6873263 |
details, prediction |
ChainLink
LINK
|
0.6864892 |
details, prediction |
Ethereum Classic
ETC
|
0.66932493 |
details, prediction |
|
Second tier
|
Horizen
ZEN
|
0.74542755 |
details, prediction |
FTX Token
FTT
|
0.6938286 |
details, prediction |
Theta
THETA
|
0.6222874 |
details, prediction |
Cosmos
ATOM
|
0.614318 |
details, prediction |
Zilliqa
ZIL
|
0.56989753 |
details, prediction |
|
Third tier
|
Bancor
BNT
|
0.6965971 |
details, prediction |
Storj
STORJ
|
0.6888146 |
details, prediction |
Kyber Network
KNC
|
0.63178635 |
details, prediction |
Constellation
DAG
|
0.6085742 |
details, prediction |
Stox
STX
|
0.5331057 |
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
|
-0.36781275 |
details, prediction |
KuCoin Shares
KCS
|
0.2189401 |
details, prediction |
Crypto.com Chain
CRO
|
0.27011585 |
details, prediction |
Bitcoin Cash
BCH
|
0.3780728 |
details, prediction |
TRON
TRX
|
0.4075348 |
details, prediction |
|
Second tier
|
USD//Coin
USDC
|
-0.62588435 |
details, prediction |
Dai
DAI
|
-0.48857144 |
details, prediction |
True USD
TUSD
|
-0.37516913 |
details, prediction |
Bitcoin Gold
BTG
|
0.18370032 |
details, prediction |
Request Network
REQ
|
0.26609185 |
details, prediction |
|
Third tier
|
Komodo
KMD
|
-0.6576234 |
details, prediction |
FunFair
FUN
|
-0.6016747 |
details, prediction |
BABB
BAX
|
-0.32476288 |
details, prediction |
Phantasma
SOUL
|
-0.24761565 |
details, prediction |
Dent
DENT
|
-0.06396189 |
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)