Highly correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
Bitcoin
BTC
|
0.87809855 |
details, prediction |
ChainLink
LINK
|
0.8614604 |
details, prediction |
Ethereum Classic
ETC
|
0.8375288 |
details, prediction |
Monero
XMR
|
0.8332472 |
details, prediction |
UNUS SED LEO
LEO
|
0.7933235 |
details, prediction |
|
Second tier
|
Horizen
ZEN
|
0.86017674 |
details, prediction |
Synthetix Network Token
SNX
|
0.8525327 |
details, prediction |
iEx.ec
RLC
|
0.7989389 |
details, prediction |
FTX Token
FTT
|
0.79768425 |
details, prediction |
0x
ZRX
|
0.7881142 |
details, prediction |
|
Third tier
|
Stox
STX
|
0.8555015 |
details, prediction |
Bancor
BNT
|
0.8502454 |
details, prediction |
Storj
STORJ
|
0.8373089 |
details, prediction |
Kyber Network
KNC
|
0.7457449 |
details, prediction |
Civic
CVC
|
0.72840494 |
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
|
-0.48292336 |
details, prediction |
TRON
TRX
|
0.2544983 |
details, prediction |
ZCash
ZEC
|
0.3979414 |
details, prediction |
Bitcoin Cash
BCH
|
0.53094643 |
details, prediction |
Binance Coin
BNB
|
0.55203116 |
details, prediction |
|
Second tier
|
Dai
DAI
|
-0.66458523 |
details, prediction |
USD//Coin
USDC
|
-0.57104015 |
details, prediction |
OriginTrail
TRAC
|
-0.052847944 |
details, prediction |
True USD
TUSD
|
-0.030861912 |
details, prediction |
Verge
XVG
|
0.09347002 |
details, prediction |
|
Third tier
|
FunFair
FUN
|
-0.17331831 |
details, prediction |
Komodo
KMD
|
0.0069119046 |
details, prediction |
BABB
BAX
|
0.078121014 |
details, prediction |
NKN
NKN
|
0.08027849 |
details, prediction |
Ontology
ONT
|
0.102320455 |
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)