Highly correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
UNUS SED LEO
LEO
|
0.71987015 |
details, prediction |
Crypto.com Chain
CRO
|
0.38919732 |
details, prediction |
Cardano
ADA
|
0.30164203 |
details, prediction |
Bitcoin Cash
BCH
|
0.09501846 |
details, prediction |
Binance Coin
BNB
|
0.06375054 |
details, prediction |
|
Second tier
|
Verge
XVG
|
0.6749881 |
details, prediction |
Decred
DCR
|
0.6356617 |
details, prediction |
Telcoin
TEL
|
0.35263237 |
details, prediction |
OriginTrail
TRAC
|
0.33641344 |
details, prediction |
Dai
DAI
|
0.32045478 |
details, prediction |
|
Third tier
|
FunFair
FUN
|
0.7475965 |
details, prediction |
Wanchain
WAN
|
0.73412055 |
details, prediction |
BABB
BAX
|
0.7185284 |
details, prediction |
Dero
DERO
|
0.54369354 |
details, prediction |
Matrix AI Network
MAN
|
0.5154564 |
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
|
-0.63501966 |
details, prediction |
Bitcoin
BTC
|
-0.44247127 |
details, prediction |
TRON
TRX
|
-0.35260862 |
details, prediction |
Ethereum
ETH
|
-0.30748567 |
details, prediction |
KuCoin Shares
KCS
|
-0.27063814 |
details, prediction |
|
Second tier
|
Chiliz
CHZ
|
-0.7566914 |
details, prediction |
Theta
THETA
|
-0.5994156 |
details, prediction |
0x
ZRX
|
-0.5853694 |
details, prediction |
Algorand
ALGO
|
-0.48539537 |
details, prediction |
Ravencoin
RVN
|
-0.40334803 |
details, prediction |
|
Third tier
|
OPEN Platform
OPEN
|
-0.88860697 |
details, prediction |
HEROcoin
PLAY
|
-0.8497738 |
details, prediction |
Enjin Coin
ENJ
|
-0.73474956 |
details, prediction |
Metal
MTL
|
-0.6806834 |
details, prediction |
Loopring
LRC
|
-0.67748916 |
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)