Highly correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
Crypto.com Chain
CRO
|
0.8149122 |
details, prediction |
Cardano
ADA
|
0.6211277 |
details, prediction |
XRP
XRP
|
0.5287206 |
details, prediction |
Bitcoin Cash
BCH
|
0.42117295 |
details, prediction |
Binance Coin
BNB
|
0.21136743 |
details, prediction |
|
Second tier
|
Decred
DCR
|
0.77875525 |
details, prediction |
Ardor
ARDR
|
0.72344565 |
details, prediction |
Tezos
XTZ
|
0.6670162 |
details, prediction |
Verge
XVG
|
0.6555683 |
details, prediction |
Theta Fuel
TFUEL
|
0.6333145 |
details, prediction |
|
Third tier
|
NEM
XEM
|
0.8979952 |
details, prediction |
Matrix AI Network
MAN
|
0.84950167 |
details, prediction |
Stox
STX
|
0.728209 |
details, prediction |
Komodo
KMD
|
0.7217363 |
details, prediction |
BABB
BAX
|
0.6849529 |
details, prediction |
This report should be leaned to get most info about heading trends.
It means that DigiByte 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 DigiByte
Low correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
TRON
TRX
|
-0.8378936 |
details, prediction |
UNUS SED LEO
LEO
|
-0.62375176 |
details, prediction |
ZCash
ZEC
|
-0.47802466 |
details, prediction |
Bitcoin
BTC
|
-0.30835423 |
details, prediction |
KuCoin Shares
KCS
|
-0.2702547 |
details, prediction |
|
Second tier
|
True USD
TUSD
|
-0.7701658 |
details, prediction |
Algorand
ALGO
|
-0.5819478 |
details, prediction |
USD//Coin
USDC
|
-0.440442 |
details, prediction |
DASH
DASH
|
-0.35447064 |
details, prediction |
Chiliz
CHZ
|
-0.3514913 |
details, prediction |
|
Third tier
|
Ontology
ONT
|
-0.6540453 |
details, prediction |
V Systems
VSYS
|
-0.5408628 |
details, prediction |
NKN
NKN
|
-0.529511 |
details, prediction |
Metal
MTL
|
-0.50159615 |
details, prediction |
Phantasma
SOUL
|
-0.45988777 |
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)