Highly correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
Cardano
ADA
|
0.89529765 |
details, prediction |
XRP
XRP
|
0.84765106 |
details, prediction |
Ethereum Classic
ETC
|
0.8354403 |
details, prediction |
Litecoin
LTC
|
0.81113124 |
details, prediction |
Monero
XMR
|
0.79491645 |
details, prediction |
|
Second tier
|
Bitcoin Gold
BTG
|
0.9134249 |
details, prediction |
Tezos
XTZ
|
0.91207665 |
details, prediction |
Telcoin
TEL
|
0.90564394 |
details, prediction |
Theta Fuel
TFUEL
|
0.88758475 |
details, prediction |
OriginTrail
TRAC
|
0.88692135 |
details, prediction |
|
Third tier
|
Stox
STX
|
0.9173465 |
details, prediction |
SysCoin
SYS
|
0.8979051 |
details, prediction |
SingularityNET
AGI
|
0.89468133 |
details, prediction |
Internet of Services
IOST
|
0.89303446 |
details, prediction |
Matrix AI Network
MAN
|
0.89023507 |
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
|
-0.7319314 |
details, prediction |
ZCash
ZEC
|
0.19135952 |
details, prediction |
UNUS SED LEO
LEO
|
0.50416666 |
details, prediction |
ChainLink
LINK
|
0.61337656 |
details, prediction |
Ethereum
ETH
|
0.61982816 |
details, prediction |
|
Second tier
|
Dai
DAI
|
-0.14211929 |
details, prediction |
True USD
TUSD
|
0.04992898 |
details, prediction |
Nexo
NEXO
|
0.19966991 |
details, prediction |
Decred
DCR
|
0.21058927 |
details, prediction |
Algorand
ALGO
|
0.22764477 |
details, prediction |
|
Third tier
|
Ontology
ONT
|
-0.57356596 |
details, prediction |
OPEN Platform
OPEN
|
-0.43270555 |
details, prediction |
Enjin Coin
ENJ
|
-0.27553985 |
details, prediction |
HEROcoin
PLAY
|
-0.06450861 |
details, prediction |
LAToken
LA
|
0.007640762 |
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)