Highly correlated currencies
Coin |
Correlation |
Links |
First tier
|
Stellar
XLM
|
0.93302995 |
details, prediction |
Cardano
ADA
|
0.92516255 |
details, prediction |
Ethereum
ETH
|
0.89019924 |
details, prediction |
NEM
XEM
|
0.87996507 |
details, prediction |
Ethereum Classic
ETC
|
0.8611478 |
details, prediction |
Second tier
|
Horizen
ZEN
|
0.9438457 |
details, prediction |
Verge
XVG
|
0.93782437 |
details, prediction |
Waves
WAVES
|
0.92976254 |
details, prediction |
Status
SNT
|
0.92633903 |
details, prediction |
Nano
NANO
|
0.91458666 |
details, prediction |
Third tier
|
Einsteinium
EMC2
|
0.9601848 |
details, prediction |
0chain
ZCN
|
0.9589848 |
details, prediction |
Dreamscape
DSC
|
0.9482776 |
details, prediction |
Wanchain
WAN
|
0.94557834 |
details, prediction |
Kleros
PNK
|
0.9269142 |
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
|
Crypto.com Chain
CRO
|
-0.76051366 |
details, prediction |
Huobi Token
HT
|
-0.24320526 |
details, prediction |
NEO
NEO
|
0.14769739 |
details, prediction |
Maker
MKR
|
0.34153822 |
details, prediction |
Theta
THETA
|
0.3921555 |
details, prediction |
Second tier
|
Centrality
CENNZ
|
-0.69936484 |
details, prediction |
KuCoin Shares
KCS
|
-0.65500885 |
details, prediction |
HedgeTrade
HEDG
|
-0.61345965 |
details, prediction |
GlitzKoin
GTN
|
-0.44686556 |
details, prediction |
CyberVein
CVT
|
-0.3881251 |
details, prediction |
Third tier
|
ODEM
ODEM
|
-0.97961086 |
details, prediction |
Libra Credit
LBA
|
-0.86181474 |
details, prediction |
AMO Coin
AMO
|
-0.8489283 |
details, prediction |
Kcash
KCASH
|
-0.8370165 |
details, prediction |
Wings DAO
WINGS
|
-0.8210306 |
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)