Highly correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
XRP
XRP
|
0.8653623 |
details, prediction |
Bitcoin
BTC
|
0.7515592 |
details, prediction |
ZCash
ZEC
|
0.73849106 |
details, prediction |
Ethereum Classic
ETC
|
0.7349775 |
details, prediction |
Dogecoin
DOGE
|
0.72812027 |
details, prediction |
|
Second tier
|
Horizen
ZEN
|
0.89759535 |
details, prediction |
0x
ZRX
|
0.85453 |
details, prediction |
Nexo
NEXO
|
0.8480186 |
details, prediction |
Vechain
VET
|
0.8436794 |
details, prediction |
QTUM
QTUM
|
0.84124213 |
details, prediction |
|
Third tier
|
Stox
STX
|
0.9047955 |
details, prediction |
Ontology
ONT
|
0.8304792 |
details, prediction |
PIVX
PIVX
|
0.8224611 |
details, prediction |
Gas
GAS
|
0.77389264 |
details, prediction |
Bancor
BNT
|
0.7601438 |
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
|
0.21101129 |
details, prediction |
Stellar
XLM
|
0.4442457 |
details, prediction |
Monero
XMR
|
0.49929455 |
details, prediction |
Cardano
ADA
|
0.51944786 |
details, prediction |
Ethereum
ETH
|
0.57013655 |
details, prediction |
|
Second tier
|
Dai
DAI
|
-0.42645618 |
details, prediction |
USD//Coin
USDC
|
-0.19120318 |
details, prediction |
True USD
TUSD
|
-0.10901238 |
details, prediction |
Waves
WAVES
|
0.11019301 |
details, prediction |
aelf
ELF
|
0.11019902 |
details, prediction |
|
Third tier
|
NKN
NKN
|
-0.48407406 |
details, prediction |
Matrix AI Network
MAN
|
-0.47578895 |
details, prediction |
OPEN Platform
OPEN
|
-0.25282505 |
details, prediction |
ICON
ICX
|
-0.20320272 |
details, prediction |
V Systems
VSYS
|
9.6268975E-4 |
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)