Highly correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
Crypto.com Chain
CRO
|
0.9597666 |
details, prediction |
Bitcoin Cash
BCH
|
0.8622478 |
details, prediction |
Cardano
ADA
|
0.8528589 |
details, prediction |
XRP
XRP
|
0.8148763 |
details, prediction |
Litecoin
LTC
|
0.8037677 |
details, prediction |
|
Second tier
|
Bitcoin Gold
BTG
|
0.9381407 |
details, prediction |
Theta Fuel
TFUEL
|
0.9281032 |
details, prediction |
Verge
XVG
|
0.91984296 |
details, prediction |
Siacoin
SC
|
0.9105295 |
details, prediction |
DigiByte
DGB
|
0.89830923 |
details, prediction |
|
Third tier
|
LAToken
LA
|
0.95073456 |
details, prediction |
PIVX
PIVX
|
0.9232739 |
details, prediction |
SingularityNET
AGI
|
0.92275417 |
details, prediction |
Loopring
LRC
|
0.9211619 |
details, prediction |
Steem
STEEM
|
0.90565574 |
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
|
UNUS SED LEO
LEO
|
-0.99763775 |
details, prediction |
Stellar
XLM
|
-0.5490912 |
details, prediction |
ZCash
ZEC
|
-0.5482616 |
details, prediction |
TRON
TRX
|
-0.5419249 |
details, prediction |
Monero
XMR
|
0.08863471 |
details, prediction |
|
Second tier
|
USD//Coin
USDC
|
-0.6241386 |
details, prediction |
True USD
TUSD
|
-0.6155661 |
details, prediction |
OriginTrail
TRAC
|
-0.5547649 |
details, prediction |
Dai
DAI
|
-0.44797826 |
details, prediction |
Telcoin
TEL
|
-0.2352308 |
details, prediction |
|
Third tier
|
OPEN Platform
OPEN
|
-0.5282956 |
details, prediction |
V Systems
VSYS
|
-0.32461098 |
details, prediction |
HEROcoin
PLAY
|
-0.07729607 |
details, prediction |
Enjin Coin
ENJ
|
-0.05497251 |
details, prediction |
Ontology
ONT
|
0.2661978 |
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)