Highly correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
Cardano
ADA
|
0.8465603 |
details, prediction |
Dogecoin
DOGE
|
0.81500775 |
details, prediction |
Bitcoin Cash
BCH
|
0.8133873 |
details, prediction |
Ethereum Classic
ETC
|
0.7982206 |
details, prediction |
Litecoin
LTC
|
0.7833401 |
details, prediction |
|
Second tier
|
DigiByte
DGB
|
0.8707032 |
details, prediction |
Decred
DCR
|
0.8693104 |
details, prediction |
Tezos
XTZ
|
0.85007286 |
details, prediction |
Siacoin
SC
|
0.849637 |
details, prediction |
iEx.ec
RLC
|
0.8465116 |
details, prediction |
|
Third tier
|
HEROcoin
PLAY
|
0.9107961 |
details, prediction |
Power Ledger
POWR
|
0.8818184 |
details, prediction |
IoTeX
IOTX
|
0.8668866 |
details, prediction |
Internet of Services
IOST
|
0.8524986 |
details, prediction |
Steem
STEEM
|
0.851268 |
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
|
-0.48451915 |
details, prediction |
KuCoin Shares
KCS
|
0.431289 |
details, prediction |
TRON
TRX
|
0.5396151 |
details, prediction |
ZCash
ZEC
|
0.6286077 |
details, prediction |
Binance Coin
BNB
|
0.69028515 |
details, prediction |
|
Second tier
|
USD//Coin
USDC
|
-0.713615 |
details, prediction |
True USD
TUSD
|
-0.7092419 |
details, prediction |
Dai
DAI
|
-0.6162085 |
details, prediction |
Cosmos
ATOM
|
0.45835313 |
details, prediction |
OriginTrail
TRAC
|
0.5536019 |
details, prediction |
|
Third tier
|
BABB
BAX
|
-0.9128836 |
details, prediction |
OPEN Platform
OPEN
|
-0.5859549 |
details, prediction |
Phantasma
SOUL
|
-0.47728872 |
details, prediction |
Matrix AI Network
MAN
|
-0.1659181 |
details, prediction |
Propy
PRO
|
-0.11030066 |
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)