Highly correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
Ethereum Classic
ETC
|
0.82744366 |
details, prediction |
XRP
XRP
|
0.7954253 |
details, prediction |
Binance Coin
BNB
|
0.63910437 |
details, prediction |
Bitcoin Cash
BCH
|
0.57547545 |
details, prediction |
Bitcoin
BTC
|
0.57322985 |
details, prediction |
|
Second tier
|
Verge
XVG
|
0.9043898 |
details, prediction |
Theta
THETA
|
0.88886803 |
details, prediction |
IOTA
IOT
|
0.88337874 |
details, prediction |
Nexo
NEXO
|
0.8690178 |
details, prediction |
OriginTrail
TRAC
|
0.8509253 |
details, prediction |
|
Third tier
|
Steem
STEEM
|
0.89433736 |
details, prediction |
Gas
GAS
|
0.8573775 |
details, prediction |
SingularityNET
AGI
|
0.843363 |
details, prediction |
Kyber Network
KNC
|
0.83597684 |
details, prediction |
Ontology
ONT
|
0.8146934 |
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
|
TRON
TRX
|
-0.037321955 |
details, prediction |
Monero
XMR
|
0.3425813 |
details, prediction |
Ethereum
ETH
|
0.39278302 |
details, prediction |
Cardano
ADA
|
0.426614 |
details, prediction |
Litecoin
LTC
|
0.44394118 |
details, prediction |
|
Second tier
|
Dai
DAI
|
-0.48421544 |
details, prediction |
USD//Coin
USDC
|
-0.26182383 |
details, prediction |
True USD
TUSD
|
-0.18083486 |
details, prediction |
aelf
ELF
|
-0.05097317 |
details, prediction |
DigiByte
DGB
|
0.0205043 |
details, prediction |
|
Third tier
|
NKN
NKN
|
-0.86073136 |
details, prediction |
Matrix AI Network
MAN
|
-0.45000297 |
details, prediction |
Propy
PRO
|
-0.30796528 |
details, prediction |
SysCoin
SYS
|
-0.24494027 |
details, prediction |
V Systems
VSYS
|
-0.2407091 |
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)