Highly correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
Crypto.com Chain
CRO
|
0.81033957 |
details, prediction |
Bitcoin Cash
BCH
|
0.70080554 |
details, prediction |
Cardano
ADA
|
0.6473145 |
details, prediction |
Litecoin
LTC
|
0.4967 |
details, prediction |
XRP
XRP
|
0.39756864 |
details, prediction |
|
Second tier
|
Verge
XVG
|
0.95306075 |
details, prediction |
Decred
DCR
|
0.83875215 |
details, prediction |
Bitcoin Gold
BTG
|
0.7568126 |
details, prediction |
aelf
ELF
|
0.68034995 |
details, prediction |
Ardor
ARDR
|
0.67777467 |
details, prediction |
|
Third tier
|
Loopring
LRC
|
0.89766675 |
details, prediction |
BABB
BAX
|
0.8800797 |
details, prediction |
PIVX
PIVX
|
0.86744875 |
details, prediction |
FunFair
FUN
|
0.80623657 |
details, prediction |
SysCoin
SYS
|
0.7804317 |
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
|
-0.8088051 |
details, prediction |
TRON
TRX
|
-0.70011145 |
details, prediction |
Monero
XMR
|
-0.56934005 |
details, prediction |
Stellar
XLM
|
-0.44285026 |
details, prediction |
Bitcoin
BTC
|
-0.3379486 |
details, prediction |
|
Second tier
|
Cosmos
ATOM
|
-0.584249 |
details, prediction |
Algorand
ALGO
|
-0.5736484 |
details, prediction |
Theta
THETA
|
-0.55340344 |
details, prediction |
DASH
DASH
|
-0.540212 |
details, prediction |
OriginTrail
TRAC
|
-0.50069577 |
details, prediction |
|
Third tier
|
HEROcoin
PLAY
|
-0.8090863 |
details, prediction |
OPEN Platform
OPEN
|
-0.72249836 |
details, prediction |
Bancor
BNT
|
-0.56721216 |
details, prediction |
Enjin Coin
ENJ
|
-0.5528089 |
details, prediction |
V Systems
VSYS
|
-0.4413892 |
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)