Highly correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
UNUS SED LEO
LEO
|
0.5914438 |
details, prediction |
Cardano
ADA
|
0.31853157 |
details, prediction |
Crypto.com Chain
CRO
|
0.27948433 |
details, prediction |
Litecoin
LTC
|
0.20712289 |
details, prediction |
ChainLink
LINK
|
0.20675418 |
details, prediction |
|
Second tier
|
Decred
DCR
|
0.60936576 |
details, prediction |
Verge
XVG
|
0.43177417 |
details, prediction |
EOS
EOS
|
0.39857185 |
details, prediction |
OriginTrail
TRAC
|
0.35289586 |
details, prediction |
Telcoin
TEL
|
0.31875753 |
details, prediction |
|
Third tier
|
Kleros
PNK
|
0.9479415 |
details, prediction |
Streamr DATAcoin
DATA
|
0.8123809 |
details, prediction |
FunFair
FUN
|
0.76538247 |
details, prediction |
Wanchain
WAN
|
0.70303696 |
details, prediction |
BABB
BAX
|
0.66853315 |
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
|
ZCash
ZEC
|
-0.3716162 |
details, prediction |
TRON
TRX
|
-0.34572184 |
details, prediction |
KuCoin Shares
KCS
|
-0.08734273 |
details, prediction |
Bitcoin
BTC
|
-0.08193964 |
details, prediction |
Ethereum
ETH
|
5.6870194E-4 |
details, prediction |
|
Second tier
|
True USD
TUSD
|
-0.280782 |
details, prediction |
Request Network
REQ
|
-0.23565172 |
details, prediction |
Algorand
ALGO
|
-0.15192771 |
details, prediction |
Ravencoin
RVN
|
-0.054804973 |
details, prediction |
iEx.ec
RLC
|
-0.051396053 |
details, prediction |
|
Third tier
|
HEROcoin
PLAY
|
-0.79990065 |
details, prediction |
OPEN Platform
OPEN
|
-0.768051 |
details, prediction |
Enjin Coin
ENJ
|
-0.6588061 |
details, prediction |
Loopring
LRC
|
-0.39375737 |
details, prediction |
Ontology
ONT
|
-0.39304122 |
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)