Highly correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
Ethereum Classic
ETC
|
0.97361577 |
details, prediction |
Cardano
ADA
|
0.96705437 |
details, prediction |
ZCash
ZEC
|
0.9334297 |
details, prediction |
ChainLink
LINK
|
0.8775213 |
details, prediction |
Litecoin
LTC
|
0.87464124 |
details, prediction |
|
Second tier
|
Basic Attention Token
BAT
|
0.9913506 |
details, prediction |
Telcoin
TEL
|
0.97703415 |
details, prediction |
Horizen
ZEN
|
0.97394156 |
details, prediction |
Loopring
LRC
|
0.9727112 |
details, prediction |
QTUM
QTUM
|
0.9706441 |
details, prediction |
|
Third tier
|
Phantasma
SOUL
|
0.98444086 |
details, prediction |
Kyber Network
KNC
|
0.9810875 |
details, prediction |
Dent
DENT
|
0.98044574 |
details, prediction |
Lisk
LSK
|
0.9771495 |
details, prediction |
ICON
ICX
|
0.97684413 |
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
|
-0.5527515 |
details, prediction |
XRP
XRP
|
-0.33261 |
details, prediction |
Binance Coin
BNB
|
-0.18904042 |
details, prediction |
Bitcoin
BTC
|
-0.07172159 |
details, prediction |
Stellar
XLM
|
-0.045147408 |
details, prediction |
|
Second tier
|
Dai
DAI
|
-0.65926653 |
details, prediction |
True USD
TUSD
|
-0.4008175 |
details, prediction |
Zilliqa
ZIL
|
0.044449445 |
details, prediction |
Verge
XVG
|
0.17114197 |
details, prediction |
Decred
DCR
|
0.259238 |
details, prediction |
|
Third tier
|
HEROcoin
PLAY
|
-0.7672613 |
details, prediction |
Constellation
DAG
|
-0.7044918 |
details, prediction |
Dero
DERO
|
-0.3257891 |
details, prediction |
BOScoin
BOS
|
-0.07583208 |
details, prediction |
Elastos
ELA
|
0.2998182 |
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)