Highly correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
Cardano
ADA
|
0.92153037 |
details, prediction |
Stellar
XLM
|
0.8958113 |
details, prediction |
Bitcoin
BTC
|
0.86966056 |
details, prediction |
Monero
XMR
|
0.8494029 |
details, prediction |
Bitcoin Cash
BCH
|
0.8464921 |
details, prediction |
|
Second tier
|
Waves
WAVES
|
0.9332754 |
details, prediction |
Bitcoin Gold
BTG
|
0.92067057 |
details, prediction |
Synthetix Network Token
SNX
|
0.91639405 |
details, prediction |
Tezos
XTZ
|
0.9156761 |
details, prediction |
FTX Token
FTT
|
0.88599473 |
details, prediction |
|
Third tier
|
Ripio
RCN
|
0.93231034 |
details, prediction |
Melon
MLN
|
0.93170756 |
details, prediction |
Kcash
KCASH
|
0.9306296 |
details, prediction |
Internet of Services
IOST
|
0.92569196 |
details, prediction |
Blue Whale
BWX
|
0.9223955 |
details, prediction |
This report should be leaned to get most info about heading trends.
It means that DATx 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 DATx
Low correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
UNUS SED LEO
LEO
|
-0.8297226 |
details, prediction |
Crypto.com Chain
CRO
|
-0.66963786 |
details, prediction |
Matic Network
MATIC
|
-0.62141514 |
details, prediction |
KuCoin Shares
KCS
|
-0.5275231 |
details, prediction |
ZCash
ZEC
|
0.10369019 |
details, prediction |
|
Second tier
|
True USD
TUSD
|
-0.8241389 |
details, prediction |
USD//Coin
USDC
|
-0.7843431 |
details, prediction |
GXShares
GXS
|
-0.7481644 |
details, prediction |
Cortex
CTXC
|
-0.7303572 |
details, prediction |
Dai
DAI
|
-0.72695005 |
details, prediction |
|
Third tier
|
Gemini Dollar
GUSD
|
-0.8468155 |
details, prediction |
SysCoin
SYS
|
-0.8022407 |
details, prediction |
Phantasma
SOUL
|
-0.7981168 |
details, prediction |
Measurable Data Token
MDT
|
-0.76033825 |
details, prediction |
GXChain
GXC
|
-0.7476734 |
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)