Highly correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
TRON
TRX
|
0.8351758 |
details, prediction |
Dogecoin
DOGE
|
0.6345952 |
details, prediction |
Binance Coin
BNB
|
0.4250847 |
details, prediction |
XRP
XRP
|
0.23230256 |
details, prediction |
Bitcoin
BTC
|
-0.017722795 |
details, prediction |
|
Second tier
|
Dai
DAI
|
0.87230444 |
details, prediction |
Verge
XVG
|
0.5626173 |
details, prediction |
True USD
TUSD
|
0.5221497 |
details, prediction |
Decred
DCR
|
0.5002963 |
details, prediction |
DigiByte
DGB
|
0.25626525 |
details, prediction |
|
Third tier
|
HEROcoin
PLAY
|
0.9914635 |
details, prediction |
Elastos
ELA
|
0.49055448 |
details, prediction |
Komodo
KMD
|
0.44978604 |
details, prediction |
Constellation
DAG
|
0.43763432 |
details, prediction |
BOScoin
BOS
|
0.3378468 |
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
|
Crypto.com Chain
CRO
|
-0.6026585 |
details, prediction |
ChainLink
LINK
|
-0.52995104 |
details, prediction |
Bitcoin Cash
BCH
|
-0.43304992 |
details, prediction |
Ethereum Classic
ETC
|
-0.2936651 |
details, prediction |
Cardano
ADA
|
-0.27772608 |
details, prediction |
|
Second tier
|
Vechain
VET
|
-0.5655905 |
details, prediction |
Cosmos
ATOM
|
-0.5586086 |
details, prediction |
Theta
THETA
|
-0.55229014 |
details, prediction |
Chiliz
CHZ
|
-0.55047566 |
details, prediction |
USD//Coin
USDC
|
-0.5503825 |
details, prediction |
|
Third tier
|
NEM
XEM
|
-0.39131066 |
details, prediction |
OPEN Platform
OPEN
|
-0.37887383 |
details, prediction |
Phantasma
SOUL
|
-0.33855966 |
details, prediction |
Kleros
PNK
|
-0.3324693 |
details, prediction |
Streamr DATAcoin
DATA
|
-0.24051079 |
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)