Highly correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
Ethereum Classic
ETC
|
0.7868574 |
details, prediction |
Cardano
ADA
|
0.76410365 |
details, prediction |
Dogecoin
DOGE
|
0.76102036 |
details, prediction |
ChainLink
LINK
|
0.7171463 |
details, prediction |
Bitcoin
BTC
|
0.67055416 |
details, prediction |
|
Second tier
|
Algorand
ALGO
|
0.7633208 |
details, prediction |
IOTA
IOT
|
0.7530939 |
details, prediction |
iEx.ec
RLC
|
0.7419116 |
details, prediction |
Horizen
ZEN
|
0.7371865 |
details, prediction |
NEO
NEO
|
0.73674744 |
details, prediction |
|
Third tier
|
Bancor
BNT
|
0.78151554 |
details, prediction |
HEROcoin
PLAY
|
0.78036374 |
details, prediction |
Power Ledger
POWR
|
0.76288086 |
details, prediction |
Storj
STORJ
|
0.7618769 |
details, prediction |
Stox
STX
|
0.751822 |
details, prediction |
This report should be leaned to get most info about heading trends.
It means that Dero 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 Dero
Low correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
Stellar
XLM
|
-0.45221192 |
details, prediction |
KuCoin Shares
KCS
|
0.35801238 |
details, prediction |
ZCash
ZEC
|
0.4381638 |
details, prediction |
TRON
TRX
|
0.4648249 |
details, prediction |
Ethereum
ETH
|
0.5590104 |
details, prediction |
|
Second tier
|
True USD
TUSD
|
-0.6240378 |
details, prediction |
USD//Coin
USDC
|
-0.57904273 |
details, prediction |
Dai
DAI
|
-0.4770099 |
details, prediction |
OriginTrail
TRAC
|
0.22853626 |
details, prediction |
Telcoin
TEL
|
0.2845698 |
details, prediction |
|
Third tier
|
OPEN Platform
OPEN
|
-0.31822383 |
details, prediction |
BABB
BAX
|
-0.3127946 |
details, prediction |
Phantasma
SOUL
|
-0.23113906 |
details, prediction |
Matrix AI Network
MAN
|
-0.10238347 |
details, prediction |
Propy
PRO
|
-0.0945055 |
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)