Highly correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
Crypto.com Chain
CRO
|
0.82759506 |
details, prediction |
XRP
XRP
|
0.6661937 |
details, prediction |
Cardano
ADA
|
0.65338534 |
details, prediction |
Bitcoin Cash
BCH
|
0.5627645 |
details, prediction |
Litecoin
LTC
|
0.55548257 |
details, prediction |
|
Second tier
|
Decred
DCR
|
0.88337123 |
details, prediction |
Theta Fuel
TFUEL
|
0.7764965 |
details, prediction |
Bitcoin Gold
BTG
|
0.7569027 |
details, prediction |
Ardor
ARDR
|
0.73614085 |
details, prediction |
Tezos
XTZ
|
0.72938424 |
details, prediction |
|
Third tier
|
Loopring
LRC
|
0.9336951 |
details, prediction |
LAToken
LA
|
0.9044028 |
details, prediction |
Komodo
KMD
|
0.8974679 |
details, prediction |
NEM
XEM
|
0.8628474 |
details, prediction |
Matrix AI Network
MAN
|
0.84700054 |
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
|
UNUS SED LEO
LEO
|
-0.9960063 |
details, prediction |
TRON
TRX
|
-0.6988151 |
details, prediction |
ZCash
ZEC
|
-0.43377656 |
details, prediction |
Stellar
XLM
|
-0.25642657 |
details, prediction |
Monero
XMR
|
0.08089403 |
details, prediction |
|
Second tier
|
True USD
TUSD
|
-0.75793344 |
details, prediction |
USD//Coin
USDC
|
-0.6825334 |
details, prediction |
Dai
DAI
|
-0.3947519 |
details, prediction |
OriginTrail
TRAC
|
-0.24872014 |
details, prediction |
Algorand
ALGO
|
-0.22664745 |
details, prediction |
|
Third tier
|
V Systems
VSYS
|
-0.46474537 |
details, prediction |
OPEN Platform
OPEN
|
-0.32148007 |
details, prediction |
HEROcoin
PLAY
|
-0.26423886 |
details, prediction |
NKN
NKN
|
-0.18283589 |
details, prediction |
Ontology
ONT
|
-0.16663545 |
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)