Highly correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
Ethereum
ETH
|
0.67125624 |
details, prediction |
Monero
XMR
|
0.66694033 |
details, prediction |
ChainLink
LINK
|
0.6364248 |
details, prediction |
Binance Coin
BNB
|
0.611736 |
details, prediction |
Bitcoin
BTC
|
0.604123 |
details, prediction |
|
Second tier
|
Decred
DCR
|
0.6017514 |
details, prediction |
Vechain
VET
|
0.48268712 |
details, prediction |
QTUM
QTUM
|
0.4791146 |
details, prediction |
Bitcoin SV
BSV
|
0.47628072 |
details, prediction |
Horizen
ZEN
|
0.46440896 |
details, prediction |
|
Third tier
|
V Systems
VSYS
|
0.66818094 |
details, prediction |
Dent
DENT
|
0.60379934 |
details, prediction |
Bancor
BNT
|
0.5535958 |
details, prediction |
AdEx
ADX
|
0.55074084 |
details, prediction |
Achain
ACT
|
0.53172374 |
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
|
Stellar
XLM
|
-0.105334416 |
details, prediction |
KuCoin Shares
KCS
|
0.011408514 |
details, prediction |
TRON
TRX
|
0.16136208 |
details, prediction |
Bitcoin Cash
BCH
|
0.2840496 |
details, prediction |
Ethereum Classic
ETC
|
0.29855648 |
details, prediction |
|
Second tier
|
Telcoin
TEL
|
-0.6545809 |
details, prediction |
Chiliz
CHZ
|
-0.6138913 |
details, prediction |
Ravencoin
RVN
|
-0.5970121 |
details, prediction |
True USD
TUSD
|
-0.5037651 |
details, prediction |
USD//Coin
USDC
|
-0.49425408 |
details, prediction |
|
Third tier
|
Storj
STORJ
|
-0.78255427 |
details, prediction |
PIVX
PIVX
|
-0.75351846 |
details, prediction |
ICON
ICX
|
-0.70291555 |
details, prediction |
Matrix AI Network
MAN
|
-0.7020025 |
details, prediction |
Propy
PRO
|
-0.48874745 |
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)