Highly correlated currencies
Coin |
Correlation |
Links |
First tier
|
Ethereum
ETH
|
0.954748 |
details, prediction |
KuCoin Shares
KCS
|
0.9507291 |
details, prediction |
Ethereum Classic
ETC
|
0.92375576 |
details, prediction |
Cardano
ADA
|
0.91210914 |
details, prediction |
Binance Coin
BNB
|
0.85979974 |
details, prediction |
Second tier
|
Huobi Token
HT
|
0.94435865 |
details, prediction |
Aragon
ANT
|
0.93565845 |
details, prediction |
OmiseGo
OMG
|
0.9214357 |
details, prediction |
Horizen
ZEN
|
0.9200732 |
details, prediction |
Digix DAO
DGD
|
0.91947937 |
details, prediction |
Third tier
|
Golos
GOLOS
|
0.9841011 |
details, prediction |
ugChain
UGC
|
0.9761759 |
details, prediction |
Bibox Token
BIX
|
0.9732895 |
details, prediction |
Egretia
EGT
|
0.9705248 |
details, prediction |
Asch
XAS
|
0.9698347 |
details, prediction |
This report should be leaned to get most info about heading trends.
It means that Dorado 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 Dorado
Low correlated currencies
Coin |
Correlation |
Links |
First tier
|
ChainLink
LINK
|
-0.5794918 |
details, prediction |
Dogecoin
DOGE
|
-0.5436922 |
details, prediction |
XRP
XRP
|
-0.38613388 |
details, prediction |
Maker
MKR
|
-0.31536517 |
details, prediction |
Stellar
XLM
|
-0.074583896 |
details, prediction |
Second tier
|
HoloToken
HOT
|
-0.6855346 |
details, prediction |
Quant Network
QNT
|
-0.62267154 |
details, prediction |
Telcoin
TEL
|
-0.5157306 |
details, prediction |
Nexo
NEXO
|
-0.46356443 |
details, prediction |
Bitcoin Gold
BTG
|
-0.42858636 |
details, prediction |
Third tier
|
Vitae
VITAE
|
-0.8182349 |
details, prediction |
Dero
DERO
|
-0.76470774 |
details, prediction |
Metaverse
ETP
|
-0.731684 |
details, prediction |
Nasdacoin
NSD
|
-0.6980256 |
details, prediction |
Genesis Vision
GVT
|
-0.696863 |
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)