Highly correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
UNUS SED LEO
LEO
|
0.1594275 |
details, prediction |
TRON
TRX
|
0.056231994 |
details, prediction |
Bitcoin
BTC
|
-0.031892855 |
details, prediction |
Monero
XMR
|
-0.038943354 |
details, prediction |
Ethereum
ETH
|
-0.054293778 |
details, prediction |
|
Second tier
|
Nexo
NEXO
|
0.23305242 |
details, prediction |
DigiByte
DGB
|
0.19703786 |
details, prediction |
Verge
XVG
|
0.1944431 |
details, prediction |
HoloToken
HOT
|
0.074137315 |
details, prediction |
Dai
DAI
|
0.051993582 |
details, prediction |
|
Third tier
|
BABB
BAX
|
0.8232572 |
details, prediction |
Dent
DENT
|
0.74883074 |
details, prediction |
Propy
PRO
|
0.39393717 |
details, prediction |
FunFair
FUN
|
0.3775388 |
details, prediction |
Wanchain
WAN
|
0.2533127 |
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
|
KuCoin Shares
KCS
|
-0.73109955 |
details, prediction |
Bitcoin Cash
BCH
|
-0.56070215 |
details, prediction |
ZCash
ZEC
|
-0.328342 |
details, prediction |
Binance Coin
BNB
|
-0.2976012 |
details, prediction |
Crypto.com Chain
CRO
|
-0.25914136 |
details, prediction |
|
Second tier
|
Bitcoin Gold
BTG
|
-0.5979827 |
details, prediction |
Status
SNT
|
-0.5018544 |
details, prediction |
Request Network
REQ
|
-0.4527865 |
details, prediction |
Siacoin
SC
|
-0.358697 |
details, prediction |
Waves
WAVES
|
-0.3506496 |
details, prediction |
|
Third tier
|
BOScoin
BOS
|
-0.56866723 |
details, prediction |
NKN
NKN
|
-0.53579324 |
details, prediction |
Komodo
KMD
|
-0.46078956 |
details, prediction |
Elastos
ELA
|
-0.45954892 |
details, prediction |
Electroneum
ETN
|
-0.45521337 |
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)