Highly correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
ZCash
ZEC
|
0.8019492 |
details, prediction |
Ethereum
ETH
|
0.787452 |
details, prediction |
Litecoin
LTC
|
0.7611582 |
details, prediction |
Monero
XMR
|
0.7534365 |
details, prediction |
ChainLink
LINK
|
0.7494683 |
details, prediction |
|
Second tier
|
DigiByte
DGB
|
0.8109994 |
details, prediction |
HoloToken
HOT
|
0.68588763 |
details, prediction |
Vechain
VET
|
0.6749432 |
details, prediction |
Bitcoin SV
BSV
|
0.6550121 |
details, prediction |
Horizen
ZEN
|
0.6477359 |
details, prediction |
|
Third tier
|
Hydro Protocol
HOT
|
0.7012597 |
details, prediction |
V Systems
VSYS
|
0.68894935 |
details, prediction |
Bancor
BNT
|
0.6314381 |
details, prediction |
Dero
DERO
|
0.62917006 |
details, prediction |
Dent
DENT
|
0.60446984 |
details, prediction |
This report should be leaned to get most info about heading trends.
It means that Decred 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 Decred
Low correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
Stellar
XLM
|
-0.38916284 |
details, prediction |
KuCoin Shares
KCS
|
-0.101489715 |
details, prediction |
Dogecoin
DOGE
|
0.11032061 |
details, prediction |
Ethereum Classic
ETC
|
0.20640944 |
details, prediction |
TRON
TRX
|
0.3158543 |
details, prediction |
|
Second tier
|
aelf
ELF
|
-0.6806759 |
details, prediction |
Telcoin
TEL
|
-0.6613851 |
details, prediction |
Ravencoin
RVN
|
-0.6451334 |
details, prediction |
Waves
WAVES
|
-0.6308791 |
details, prediction |
Chiliz
CHZ
|
-0.60874146 |
details, prediction |
|
Third tier
|
ICON
ICX
|
-0.772988 |
details, prediction |
Storj
STORJ
|
-0.71883124 |
details, prediction |
Matrix AI Network
MAN
|
-0.6442265 |
details, prediction |
BABB
BAX
|
-0.62828267 |
details, prediction |
SwftCoin
SWFTC
|
-0.6245883 |
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)