Highly correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
Bitcoin Cash
BCH
|
0.6627456 |
details, prediction |
Cardano
ADA
|
0.559202 |
details, prediction |
Binance Coin
BNB
|
0.5189823 |
details, prediction |
XRP
XRP
|
0.46291596 |
details, prediction |
Dogecoin
DOGE
|
0.4572928 |
details, prediction |
|
Second tier
|
Verge
XVG
|
0.70311123 |
details, prediction |
Bitcoin Gold
BTG
|
0.68856156 |
details, prediction |
Ardor
ARDR
|
0.6765409 |
details, prediction |
Waves
WAVES
|
0.6693019 |
details, prediction |
Theta Fuel
TFUEL
|
0.63465416 |
details, prediction |
|
Third tier
|
Constellation
DAG
|
0.80679786 |
details, prediction |
Elastos
ELA
|
0.7936235 |
details, prediction |
Wanchain
WAN
|
0.7935567 |
details, prediction |
Komodo
KMD
|
0.7609518 |
details, prediction |
SysCoin
SYS
|
0.6985136 |
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
|
-0.45782796 |
details, prediction |
ZCash
ZEC
|
-0.43378899 |
details, prediction |
UNUS SED LEO
LEO
|
-0.11681636 |
details, prediction |
Bitcoin
BTC
|
-0.05707965 |
details, prediction |
Ethereum
ETH
|
-0.030080095 |
details, prediction |
|
Second tier
|
Algorand
ALGO
|
-0.22013712 |
details, prediction |
Nexo
NEXO
|
-0.17818503 |
details, prediction |
HoloToken
HOT
|
-0.041210737 |
details, prediction |
EOS
EOS
|
0.04854738 |
details, prediction |
Bitcoin SV
BSV
|
0.058646627 |
details, prediction |
|
Third tier
|
OPEN Platform
OPEN
|
-0.8169283 |
details, prediction |
Enjin Coin
ENJ
|
-0.7444399 |
details, prediction |
Ontology
ONT
|
-0.49833524 |
details, prediction |
Kleros
PNK
|
-0.33376458 |
details, prediction |
Kambria
KAT
|
-0.29855868 |
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)