Highly correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
Cardano
ADA
|
0.87811273 |
details, prediction |
Monero
XMR
|
0.8611754 |
details, prediction |
XRP
XRP
|
0.84925616 |
details, prediction |
Bitcoin
BTC
|
0.8410073 |
details, prediction |
Litecoin
LTC
|
0.81920433 |
details, prediction |
|
Second tier
|
Tezos
XTZ
|
0.90455824 |
details, prediction |
Bitcoin Gold
BTG
|
0.89948 |
details, prediction |
Telcoin
TEL
|
0.8915307 |
details, prediction |
Synthetix Network Token
SNX
|
0.8838906 |
details, prediction |
OriginTrail
TRAC
|
0.8697145 |
details, prediction |
|
Third tier
|
Stox
STX
|
0.91044855 |
details, prediction |
Chronobank
TIME
|
0.907813 |
details, prediction |
Matrix AI Network
MAN
|
0.8902688 |
details, prediction |
SysCoin
SYS
|
0.8884189 |
details, prediction |
QuarkChain
QKC
|
0.88566583 |
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
|
-0.67491823 |
details, prediction |
UNUS SED LEO
LEO
|
0.50416666 |
details, prediction |
ZCash
ZEC
|
0.574889 |
details, prediction |
ChainLink
LINK
|
0.6088042 |
details, prediction |
Bitcoin Cash
BCH
|
0.6775433 |
details, prediction |
|
Second tier
|
Dai
DAI
|
-0.28568453 |
details, prediction |
True USD
TUSD
|
0.06231387 |
details, prediction |
Decred
DCR
|
0.14267 |
details, prediction |
Nexo
NEXO
|
0.3342111 |
details, prediction |
Algorand
ALGO
|
0.3992687 |
details, prediction |
|
Third tier
|
Ontology
ONT
|
-0.5032757 |
details, prediction |
OPEN Platform
OPEN
|
-0.3109163 |
details, prediction |
NKN
NKN
|
-0.03286722 |
details, prediction |
Kambria
KAT
|
0.14922519 |
details, prediction |
Dent
DENT
|
0.16578583 |
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)