Highly correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
Dogecoin
DOGE
|
0.6578939 |
details, prediction |
Binance Coin
BNB
|
0.5343649 |
details, prediction |
Bitcoin Cash
BCH
|
0.506515 |
details, prediction |
XRP
XRP
|
0.48466888 |
details, prediction |
KuCoin Shares
KCS
|
0.40292895 |
details, prediction |
|
Second tier
|
Waves
WAVES
|
0.59437 |
details, prediction |
Ardor
ARDR
|
0.5941014 |
details, prediction |
Bitcoin Gold
BTG
|
0.5834799 |
details, prediction |
Request Network
REQ
|
0.5604282 |
details, prediction |
Verge
XVG
|
0.5361811 |
details, prediction |
|
Third tier
|
Elastos
ELA
|
0.7260357 |
details, prediction |
Kambria
KAT
|
0.6559184 |
details, prediction |
Constellation
DAG
|
0.6379429 |
details, prediction |
HEROcoin
PLAY
|
0.6311863 |
details, prediction |
Chronobank
TIME
|
0.62420934 |
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
|
TRON
TRX
|
-0.14976716 |
details, prediction |
UNUS SED LEO
LEO
|
-0.11681636 |
details, prediction |
ChainLink
LINK
|
-0.004557822 |
details, prediction |
ZCash
ZEC
|
0.08172027 |
details, prediction |
Ethereum
ETH
|
0.17359744 |
details, prediction |
|
Second tier
|
Decred
DCR
|
-0.19738674 |
details, prediction |
Bitcoin SV
BSV
|
-0.077972986 |
details, prediction |
Cosmos
ATOM
|
-0.034019668 |
details, prediction |
Vechain
VET
|
-0.024442075 |
details, prediction |
Chiliz
CHZ
|
-0.0046147252 |
details, prediction |
|
Third tier
|
OPEN Platform
OPEN
|
-0.4682136 |
details, prediction |
Ontology
ONT
|
-0.3428238 |
details, prediction |
Kleros
PNK
|
-0.33376458 |
details, prediction |
Dent
DENT
|
-0.25866982 |
details, prediction |
Propy
PRO
|
-0.18276064 |
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)