Highly correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
Ethereum
ETH
|
0.77159005 |
details, prediction |
ChainLink
LINK
|
0.74029046 |
details, prediction |
Monero
XMR
|
0.7171292 |
details, prediction |
Litecoin
LTC
|
0.7023781 |
details, prediction |
Bitcoin
BTC
|
0.67025644 |
details, prediction |
|
Second tier
|
Bitcoin Gold
BTG
|
0.89805335 |
details, prediction |
Decred
DCR
|
0.75632626 |
details, prediction |
HoloToken
HOT
|
0.6380814 |
details, prediction |
Decentraland
MANA
|
0.5927258 |
details, prediction |
Vechain
VET
|
0.5650208 |
details, prediction |
|
Third tier
|
SysCoin
SYS
|
0.7836676 |
details, prediction |
Hydro Protocol
HOT
|
0.7111759 |
details, prediction |
Dero
DERO
|
0.704138 |
details, prediction |
Bancor
BNT
|
0.6471565 |
details, prediction |
NKN
NKN
|
0.62403977 |
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
|
-0.43939272 |
details, prediction |
ZCash
ZEC
|
0.25672266 |
details, prediction |
TRON
TRX
|
0.26804778 |
details, prediction |
KuCoin Shares
KCS
|
0.38609606 |
details, prediction |
Dogecoin
DOGE
|
0.40118295 |
details, prediction |
|
Second tier
|
Dai
DAI
|
-0.7351667 |
details, prediction |
USD//Coin
USDC
|
-0.40322044 |
details, prediction |
Telcoin
TEL
|
-0.35292366 |
details, prediction |
True USD
TUSD
|
-0.15564305 |
details, prediction |
OriginTrail
TRAC
|
0.09585259 |
details, prediction |
|
Third tier
|
Matrix AI Network
MAN
|
-0.19538206 |
details, prediction |
BABB
BAX
|
-0.05839257 |
details, prediction |
OPEN Platform
OPEN
|
0.12337766 |
details, prediction |
Electroneum
ETN
|
0.1433091 |
details, prediction |
Propy
PRO
|
0.1462014 |
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)