Highly correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
Bitcoin Cash
BCH
|
0.78108907 |
details, prediction |
Ethereum
ETH
|
0.74003893 |
details, prediction |
Litecoin
LTC
|
0.7076518 |
details, prediction |
Cardano
ADA
|
0.6945708 |
details, prediction |
XRP
XRP
|
0.67017406 |
details, prediction |
|
Second tier
|
Verge
XVG
|
0.9293647 |
details, prediction |
Decred
DCR
|
0.8329739 |
details, prediction |
Siacoin
SC
|
0.7784659 |
details, prediction |
aelf
ELF
|
0.7756943 |
details, prediction |
Waves
WAVES
|
0.76395255 |
details, prediction |
|
Third tier
|
Ontology
ONT
|
0.86797047 |
details, prediction |
PIVX
PIVX
|
0.84541804 |
details, prediction |
SingularityNET
AGI
|
0.83005667 |
details, prediction |
SysCoin
SYS
|
0.8248348 |
details, prediction |
AdEx
ADX
|
0.8020655 |
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
|
-0.5494176 |
details, prediction |
ZCash
ZEC
|
-0.5364522 |
details, prediction |
TRON
TRX
|
-0.37812877 |
details, prediction |
Monero
XMR
|
0.18147017 |
details, prediction |
Binance Coin
BNB
|
0.2157115 |
details, prediction |
|
Second tier
|
True USD
TUSD
|
-0.76789707 |
details, prediction |
USD//Coin
USDC
|
-0.7319903 |
details, prediction |
Dai
DAI
|
-0.60291886 |
details, prediction |
Telcoin
TEL
|
-0.42454553 |
details, prediction |
OriginTrail
TRAC
|
-0.17127612 |
details, prediction |
|
Third tier
|
Komodo
KMD
|
-0.6093129 |
details, prediction |
V Systems
VSYS
|
-0.5842991 |
details, prediction |
Chronobank
TIME
|
-0.56036776 |
details, prediction |
Propy
PRO
|
-0.046258423 |
details, prediction |
Matrix AI Network
MAN
|
-0.022485273 |
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)