Highly correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
Ethereum
ETH
|
0.8047568 |
details, prediction |
Monero
XMR
|
0.7964209 |
details, prediction |
ChainLink
LINK
|
0.7765788 |
details, prediction |
ZCash
ZEC
|
0.6911116 |
details, prediction |
Bitcoin
BTC
|
0.64595044 |
details, prediction |
|
Second tier
|
Decred
DCR
|
0.7622575 |
details, prediction |
Bitcoin Gold
BTG
|
0.7270913 |
details, prediction |
Bitcoin SV
BSV
|
0.6690965 |
details, prediction |
HoloToken
HOT
|
0.5117672 |
details, prediction |
Vechain
VET
|
0.42961043 |
details, prediction |
|
Third tier
|
SysCoin
SYS
|
0.8346422 |
details, prediction |
V Systems
VSYS
|
0.8112104 |
details, prediction |
Dero
DERO
|
0.78906363 |
details, prediction |
Hydro Protocol
HOT
|
0.5519946 |
details, prediction |
Dent
DENT
|
0.501392 |
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
|
-0.4515448 |
details, prediction |
Ethereum Classic
ETC
|
-0.14094086 |
details, prediction |
KuCoin Shares
KCS
|
-0.098469466 |
details, prediction |
Dogecoin
DOGE
|
-0.069409534 |
details, prediction |
Bitcoin Cash
BCH
|
0.21096404 |
details, prediction |
|
Second tier
|
Telcoin
TEL
|
-0.7987443 |
details, prediction |
Dai
DAI
|
-0.77315104 |
details, prediction |
Waves
WAVES
|
-0.7307428 |
details, prediction |
Zilliqa
ZIL
|
-0.6616698 |
details, prediction |
Basic Attention Token
BAT
|
-0.65332764 |
details, prediction |
|
Third tier
|
Electroneum
ETN
|
-0.81456524 |
details, prediction |
Storj
STORJ
|
-0.77048206 |
details, prediction |
ICON
ICX
|
-0.74164826 |
details, prediction |
Matrix AI Network
MAN
|
-0.6645171 |
details, prediction |
BABB
BAX
|
-0.64627373 |
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)