Highly correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
UNUS SED LEO
LEO
|
0.5737907 |
details, prediction |
ChainLink
LINK
|
0.5127541 |
details, prediction |
Cardano
ADA
|
0.48429263 |
details, prediction |
Ethereum
ETH
|
0.48107117 |
details, prediction |
Litecoin
LTC
|
0.46926963 |
details, prediction |
|
Second tier
|
Nexo
NEXO
|
0.75508964 |
details, prediction |
Decred
DCR
|
0.74883074 |
details, prediction |
HoloToken
HOT
|
0.58528584 |
details, prediction |
Bitcoin SV
BSV
|
0.53893703 |
details, prediction |
Cosmos
ATOM
|
0.51438576 |
details, prediction |
|
Third tier
|
BABB
BAX
|
0.95127803 |
details, prediction |
Kleros
PNK
|
0.9479415 |
details, prediction |
Propy
PRO
|
0.8253519 |
details, prediction |
Streamr DATAcoin
DATA
|
0.8123809 |
details, prediction |
FunFair
FUN
|
0.8096064 |
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
|
TRON
TRX
|
-0.3833763 |
details, prediction |
KuCoin Shares
KCS
|
-0.20645608 |
details, prediction |
Binance Coin
BNB
|
-0.03908589 |
details, prediction |
Bitcoin Cash
BCH
|
-0.028895654 |
details, prediction |
Dogecoin
DOGE
|
0.055909242 |
details, prediction |
|
Second tier
|
Dai
DAI
|
-0.46181887 |
details, prediction |
True USD
TUSD
|
-0.3057377 |
details, prediction |
Zilliqa
ZIL
|
-0.19913486 |
details, prediction |
Bitcoin Gold
BTG
|
-0.14531878 |
details, prediction |
Status
SNT
|
-0.021001635 |
details, prediction |
|
Third tier
|
HEROcoin
PLAY
|
-0.7348162 |
details, prediction |
Constellation
DAG
|
-0.69140774 |
details, prediction |
BOScoin
BOS
|
-0.5119872 |
details, prediction |
Elastos
ELA
|
-0.21488754 |
details, prediction |
Dero
DERO
|
-0.1608984 |
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)