Highly correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
Bitcoin
BTC
|
0.9187448 |
details, prediction |
ChainLink
LINK
|
0.9159522 |
details, prediction |
Ethereum Classic
ETC
|
0.9059473 |
details, prediction |
Cardano
ADA
|
0.8760475 |
details, prediction |
XRP
XRP
|
0.8724625 |
details, prediction |
|
Second tier
|
Synthetix Network Token
SNX
|
0.94262874 |
details, prediction |
iEx.ec
RLC
|
0.9162379 |
details, prediction |
Horizen
ZEN
|
0.9132338 |
details, prediction |
FTX Token
FTT
|
0.9064406 |
details, prediction |
Zilliqa
ZIL
|
0.9000198 |
details, prediction |
|
Third tier
|
Stox
STX
|
0.96124923 |
details, prediction |
Kyber Network
KNC
|
0.9253708 |
details, prediction |
SwftCoin
SWFTC
|
0.91765904 |
details, prediction |
Bancor
BNT
|
0.9036039 |
details, prediction |
Storj
STORJ
|
0.891463 |
details, prediction |
This report should be leaned to get most info about heading trends.
It means that Dogecoin 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 Dogecoin
Low correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
Stellar
XLM
|
-0.5077468 |
details, prediction |
TRON
TRX
|
0.20249899 |
details, prediction |
ZCash
ZEC
|
0.25694656 |
details, prediction |
KuCoin Shares
KCS
|
0.7353913 |
details, prediction |
Binance Coin
BNB
|
0.77713984 |
details, prediction |
|
Second tier
|
USD//Coin
USDC
|
-0.8168677 |
details, prediction |
Dai
DAI
|
-0.73438716 |
details, prediction |
True USD
TUSD
|
-0.39327908 |
details, prediction |
Telcoin
TEL
|
0.05975884 |
details, prediction |
OriginTrail
TRAC
|
0.3771598 |
details, prediction |
|
Third tier
|
FunFair
FUN
|
-0.662736 |
details, prediction |
Komodo
KMD
|
-0.41868538 |
details, prediction |
Matrix AI Network
MAN
|
-0.17297211 |
details, prediction |
Propy
PRO
|
-0.1077476 |
details, prediction |
V Systems
VSYS
|
0.19121574 |
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)