Highly correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
Maker
MKR
|
0.18693864 |
details, prediction |
ZCash
ZEC
|
0.14054658 |
details, prediction |
SONM
SNM
|
0.13299419 |
details, prediction |
Litecoin
LTC
|
0.13257805 |
details, prediction |
Fantom
FTM
|
0.13243681 |
details, prediction |
|
Second tier
|
EthLend
LEND
|
0.34559223 |
details, prediction |
Waves
WAVES
|
0.18208386 |
details, prediction |
SwissBorg
CHSB
|
0.16673154 |
details, prediction |
Algorand
ALGO
|
0.1591142 |
details, prediction |
Decentraland
MANA
|
0.15745339 |
details, prediction |
|
Third tier
|
CoinDash
CDT
|
0.6822588 |
details, prediction |
Neumarks
NEU
|
0.3418293 |
details, prediction |
BitcoinZ
BTCZ
|
0.33166882 |
details, prediction |
QASH
QASH
|
0.30355978 |
details, prediction |
RSK Infrastructure Framework
RIF
|
0.26893783 |
details, prediction |
This report should be leaned to get most info about heading trends.
It means that DomRaider 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 DomRaider
Low correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
Monero
XMR
|
-0.062090386 |
details, prediction |
TRON
TRX
|
-0.044002708 |
details, prediction |
KuCoin Shares
KCS
|
0.004948409 |
details, prediction |
Dogecoin
DOGE
|
0.030934688 |
details, prediction |
Ethereum Classic
ETC
|
0.048262026 |
details, prediction |
|
Second tier
|
Paxos Standard
PAX
|
-0.13807869 |
details, prediction |
GXShares
GXS
|
-0.12800895 |
details, prediction |
Metadium
META
|
-0.022130532 |
details, prediction |
0x
ZRX
|
-0.016375585 |
details, prediction |
USD//Coin
USDC
|
3.3146606E-4 |
details, prediction |
|
Third tier
|
Platincoin
PLC
|
-0.4368473 |
details, prediction |
CryptoPay
CPAY
|
-0.32996687 |
details, prediction |
DT Token
DRACO
|
-0.30919656 |
details, prediction |
Tidex Token
TDX
|
-0.308796 |
details, prediction |
ShortyCoin
SHORTY
|
-0.29402405 |
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)