Highly correlated currencies
Coin |
Correlation |
Links |
First tier
|
IOTA
IOT
|
0.37437767 |
details, prediction |
Fantom
FTM
|
0.34569663 |
details, prediction |
Maker
MKR
|
0.33739653 |
details, prediction |
Matic Network
MATIC
|
0.33705124 |
details, prediction |
ChainLink
LINK
|
0.33682483 |
details, prediction |
Second tier
|
Aragon
ANT
|
0.38489115 |
details, prediction |
Cortex
CTXC
|
0.3731228 |
details, prediction |
Metadium
META
|
0.36411405 |
details, prediction |
SysCoin
SYS
|
0.35515583 |
details, prediction |
Decentraland
MANA
|
0.3375894 |
details, prediction |
Third tier
|
Kambria
KAT
|
0.58052784 |
details, prediction |
Revain
R
|
0.5800779 |
details, prediction |
CLAMS
CLAM
|
0.5145665 |
details, prediction |
Blue Whale
BWX
|
0.50364393 |
details, prediction |
MyriadCoin
XMY
|
0.4823233 |
details, prediction |
This report should be leaned to get most info about heading trends.
It means that DMarket 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 DMarket
Low correlated currencies
Coin |
Correlation |
Links |
First tier
|
USD//Coin
USDC
|
-0.22342226 |
details, prediction |
Monero
XMR
|
-0.1884683 |
details, prediction |
TRON
TRX
|
-0.1107639 |
details, prediction |
Ethereum Classic
ETC
|
-0.027608816 |
details, prediction |
UNUS SED LEO
LEO
|
-0.012126156 |
details, prediction |
Second tier
|
Paxos Standard
PAX
|
-0.21798243 |
details, prediction |
Dai
DAI
|
-0.21596564 |
details, prediction |
Kyber Network
KNC
|
-0.14600387 |
details, prediction |
Digix DAO
DGD
|
-0.14141452 |
details, prediction |
Metal
MTL
|
-0.12689143 |
details, prediction |
Third tier
|
Tidex Token
TDX
|
-0.48973432 |
details, prediction |
Quantum Resistant Ledger
QRL
|
-0.48778698 |
details, prediction |
DigiCube
CUBE
|
-0.47735596 |
details, prediction |
SunContract
SNC
|
-0.37637413 |
details, prediction |
Time New Bank
TNB
|
-0.37030837 |
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)