Highly correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
Bitcoin Cash
BCH
|
0.79950583 |
details, prediction |
Cardano
ADA
|
0.74398464 |
details, prediction |
Dogecoin
DOGE
|
0.7172112 |
details, prediction |
TRON
TRX
|
0.6734985 |
details, prediction |
Ethereum Classic
ETC
|
0.65369326 |
details, prediction |
|
Second tier
|
Chiliz
CHZ
|
0.8502256 |
details, prediction |
Decred
DCR
|
0.8430005 |
details, prediction |
Tezos
XTZ
|
0.8233944 |
details, prediction |
Theta Fuel
TFUEL
|
0.80023843 |
details, prediction |
DigiByte
DGB
|
0.78906363 |
details, prediction |
|
Third tier
|
HEROcoin
PLAY
|
0.9310167 |
details, prediction |
IoTeX
IOTX
|
0.86698973 |
details, prediction |
Lisk
LSK
|
0.8583282 |
details, prediction |
Power Ledger
POWR
|
0.83978325 |
details, prediction |
Internet of Services
IOST
|
0.8298301 |
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
|
KuCoin Shares
KCS
|
0.14621255 |
details, prediction |
Stellar
XLM
|
0.24689761 |
details, prediction |
Monero
XMR
|
0.3673591 |
details, prediction |
ZCash
ZEC
|
0.42005217 |
details, prediction |
ChainLink
LINK
|
0.49036664 |
details, prediction |
|
Second tier
|
Dai
DAI
|
-0.9404811 |
details, prediction |
USD//Coin
USDC
|
-0.886517 |
details, prediction |
True USD
TUSD
|
-0.8426767 |
details, prediction |
Nexo
NEXO
|
0.08812477 |
details, prediction |
Cosmos
ATOM
|
0.10199904 |
details, prediction |
|
Third tier
|
BABB
BAX
|
-0.9021055 |
details, prediction |
Propy
PRO
|
-0.5874071 |
details, prediction |
OPEN Platform
OPEN
|
-0.5864243 |
details, prediction |
Phantasma
SOUL
|
-0.5164882 |
details, prediction |
Metal
MTL
|
-0.48056257 |
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)