Highly correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
Stellar
XLM
|
0.9269066 |
details, prediction |
SONM
SNM
|
0.911273 |
details, prediction |
Cardano
ADA
|
0.8534321 |
details, prediction |
XRP
XRP
|
0.8280395 |
details, prediction |
Maker
MKR
|
0.8102273 |
details, prediction |
|
Second tier
|
Basic Attention Token
BAT
|
0.9371754 |
details, prediction |
Horizen
ZEN
|
0.92855 |
details, prediction |
Power Ledger
POWR
|
0.92591465 |
details, prediction |
Polymath Network
POLY
|
0.91983587 |
details, prediction |
Decentraland
MANA
|
0.9142962 |
details, prediction |
|
Third tier
|
Waves Community Token
WCT
|
0.9629158 |
details, prediction |
BitBay
BAY
|
0.9473171 |
details, prediction |
MOAC
MOAC
|
0.9418228 |
details, prediction |
Mainframe
MFT
|
0.93618876 |
details, prediction |
NAGA
NGC
|
0.93307024 |
details, prediction |
This report should be leaned to get most info about heading trends.
It means that Decision Token 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 Decision Token
Low correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
KuCoin Shares
KCS
|
-0.5988844 |
details, prediction |
Bitcoin
BTC
|
-0.5844412 |
details, prediction |
ChainLink
LINK
|
-0.516611 |
details, prediction |
Fantom
FTM
|
0.16925772 |
details, prediction |
Monero
XMR
|
0.32541448 |
details, prediction |
|
Second tier
|
Huobi Token
HT
|
-0.90489423 |
details, prediction |
FirstBlood
1ST
|
-0.7385995 |
details, prediction |
Quant Network
QNT
|
-0.56810874 |
details, prediction |
Aragon
ANT
|
-0.29953116 |
details, prediction |
Telcoin
TEL
|
-0.2899894 |
details, prediction |
|
Third tier
|
Vitae
VITAE
|
-0.89399076 |
details, prediction |
RSK Infrastructure Framework
RIF
|
-0.8918949 |
details, prediction |
Digix Gold Token
DGX
|
-0.86685747 |
details, prediction |
Seele
SEELE
|
-0.85914886 |
details, prediction |
Tidex Token
TDX
|
-0.8442618 |
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)