Highly correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
XRP
XRP
|
0.9208054 |
details, prediction |
Ethereum
ETH
|
0.91472715 |
details, prediction |
Litecoin
LTC
|
0.9017358 |
details, prediction |
Bitcoin Cash
BCH
|
0.89371467 |
details, prediction |
Cardano
ADA
|
0.89181155 |
details, prediction |
|
Second tier
|
Siacoin
SC
|
0.9445428 |
details, prediction |
Theta Fuel
TFUEL
|
0.93153036 |
details, prediction |
Decred
DCR
|
0.92707634 |
details, prediction |
Ravencoin
RVN
|
0.92323786 |
details, prediction |
NEO
NEO
|
0.9211496 |
details, prediction |
|
Third tier
|
Steem
STEEM
|
0.9265865 |
details, prediction |
Internet of Services
IOST
|
0.92472976 |
details, prediction |
SingularityNET
AGI
|
0.924543 |
details, prediction |
LAToken
LA
|
0.92370015 |
details, prediction |
QuarkChain
QKC
|
0.9188307 |
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
|
-0.55031574 |
details, prediction |
ZCash
ZEC
|
-0.124404676 |
details, prediction |
TRON
TRX
|
0.023045236 |
details, prediction |
Monero
XMR
|
0.6110268 |
details, prediction |
Binance Coin
BNB
|
0.63466233 |
details, prediction |
|
Second tier
|
USD//Coin
USDC
|
-0.7458879 |
details, prediction |
Dai
DAI
|
-0.6635134 |
details, prediction |
True USD
TUSD
|
-0.5580262 |
details, prediction |
Telcoin
TEL
|
-0.2133906 |
details, prediction |
OriginTrail
TRAC
|
0.04492773 |
details, prediction |
|
Third tier
|
FunFair
FUN
|
-0.83645195 |
details, prediction |
Komodo
KMD
|
-0.4712512 |
details, prediction |
Matrix AI Network
MAN
|
-0.24429986 |
details, prediction |
V Systems
VSYS
|
-0.17138211 |
details, prediction |
Propy
PRO
|
-0.05693853 |
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)