Highly correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
ZCash
ZEC
|
0.83847666 |
details, prediction |
Bitcoin
BTC
|
0.8335856 |
details, prediction |
XRP
XRP
|
0.8254915 |
details, prediction |
Binance Coin
BNB
|
0.7989407 |
details, prediction |
ChainLink
LINK
|
0.7776721 |
details, prediction |
|
Second tier
|
Vechain
VET
|
0.8403753 |
details, prediction |
QTUM
QTUM
|
0.75251335 |
details, prediction |
Horizen
ZEN
|
0.73346055 |
details, prediction |
DASH
DASH
|
0.7274406 |
details, prediction |
Nexo
NEXO
|
0.6796761 |
details, prediction |
|
Third tier
|
Stox
STX
|
0.7990713 |
details, prediction |
Dero
DERO
|
0.78968066 |
details, prediction |
PIVX
PIVX
|
0.7721556 |
details, prediction |
Bancor
BNT
|
0.74233955 |
details, prediction |
Ontology
ONT
|
0.7272913 |
details, prediction |
This report should be leaned to get most info about heading trends.
It means that Dent 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 Dent
Low correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
Stellar
XLM
|
0.058760706 |
details, prediction |
KuCoin Shares
KCS
|
0.30432206 |
details, prediction |
TRON
TRX
|
0.30895936 |
details, prediction |
Ethereum Classic
ETC
|
0.47328874 |
details, prediction |
Dogecoin
DOGE
|
0.5181275 |
details, prediction |
|
Second tier
|
Dai
DAI
|
-0.7296795 |
details, prediction |
Waves
WAVES
|
-0.34843013 |
details, prediction |
USD//Coin
USDC
|
-0.30117667 |
details, prediction |
aelf
ELF
|
-0.2619836 |
details, prediction |
Ravencoin
RVN
|
-0.2597922 |
details, prediction |
|
Third tier
|
Matrix AI Network
MAN
|
-0.6913085 |
details, prediction |
ICON
ICX
|
-0.56956476 |
details, prediction |
Storj
STORJ
|
-0.40123245 |
details, prediction |
NKN
NKN
|
-0.37875408 |
details, prediction |
OPEN Platform
OPEN
|
-0.35583907 |
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)