Highly correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
Crypto.com Chain
CRO
|
0.5437299 |
details, prediction |
Ethereum Classic
ETC
|
0.5120815 |
details, prediction |
Cardano
ADA
|
0.4880831 |
details, prediction |
Litecoin
LTC
|
0.3666672 |
details, prediction |
Binance Coin
BNB
|
0.31993514 |
details, prediction |
|
Second tier
|
IOTA
IOT
|
0.49306783 |
details, prediction |
Bitcoin Gold
BTG
|
0.4737847 |
details, prediction |
Verge
XVG
|
0.40353596 |
details, prediction |
Decred
DCR
|
0.3586631 |
details, prediction |
Siacoin
SC
|
0.35719597 |
details, prediction |
|
Third tier
|
FunFair
FUN
|
0.8049685 |
details, prediction |
Wanchain
WAN
|
0.6451553 |
details, prediction |
Constellation
DAG
|
0.6051334 |
details, prediction |
Stox
STX
|
0.58233374 |
details, prediction |
Dent
DENT
|
0.51605636 |
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
|
UNUS SED LEO
LEO
|
-0.87729675 |
details, prediction |
Stellar
XLM
|
-0.091858596 |
details, prediction |
Ethereum
ETH
|
0.04115473 |
details, prediction |
TRON
TRX
|
0.041473344 |
details, prediction |
ZCash
ZEC
|
0.066061385 |
details, prediction |
|
Second tier
|
True USD
TUSD
|
-0.1309039 |
details, prediction |
Request Network
REQ
|
-0.1217917 |
details, prediction |
Theta
THETA
|
-0.04833966 |
details, prediction |
USD//Coin
USDC
|
-0.005183335 |
details, prediction |
Cosmos
ATOM
|
0.0048342566 |
details, prediction |
|
Third tier
|
OPEN Platform
OPEN
|
-0.7727565 |
details, prediction |
Enjin Coin
ENJ
|
-0.463397 |
details, prediction |
HEROcoin
PLAY
|
-0.40379167 |
details, prediction |
Chronobank
TIME
|
-0.14436385 |
details, prediction |
Loopring
LRC
|
-0.1284225 |
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)