Highly correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
Cardano
ADA
|
0.9401599 |
details, prediction |
Ethereum Classic
ETC
|
0.9349276 |
details, prediction |
Crypto.com Chain
CRO
|
0.93179077 |
details, prediction |
Bitcoin Cash
BCH
|
0.8805845 |
details, prediction |
KuCoin Shares
KCS
|
0.87780374 |
details, prediction |
|
Second tier
|
Basic Attention Token
BAT
|
0.9867714 |
details, prediction |
Horizen
ZEN
|
0.9861165 |
details, prediction |
Telcoin
TEL
|
0.9836194 |
details, prediction |
QTUM
QTUM
|
0.9742509 |
details, prediction |
FTX Token
FTT
|
0.97281426 |
details, prediction |
|
Third tier
|
Power Ledger
POWR
|
0.9914174 |
details, prediction |
PIVX
PIVX
|
0.988943 |
details, prediction |
Storj
STORJ
|
0.9853978 |
details, prediction |
ICON
ICX
|
0.9828609 |
details, prediction |
Civic
CVC
|
0.98181725 |
details, prediction |
This report should be leaned to get most info about heading trends.
It means that Decentraland 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 Decentraland
Low correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
TRON
TRX
|
-0.72399426 |
details, prediction |
UNUS SED LEO
LEO
|
0.16021596 |
details, prediction |
Binance Coin
BNB
|
0.55221295 |
details, prediction |
Dogecoin
DOGE
|
0.70288676 |
details, prediction |
ZCash
ZEC
|
0.75157356 |
details, prediction |
|
Second tier
|
Dai
DAI
|
-0.4725879 |
details, prediction |
Decred
DCR
|
-0.21630166 |
details, prediction |
True USD
TUSD
|
0.10479824 |
details, prediction |
Verge
XVG
|
0.5075247 |
details, prediction |
Nexo
NEXO
|
0.5277414 |
details, prediction |
|
Third tier
|
Kambria
KAT
|
-0.76217747 |
details, prediction |
Ontology
ONT
|
-0.27856553 |
details, prediction |
Dent
DENT
|
-0.044422463 |
details, prediction |
HEROcoin
PLAY
|
0.026002027 |
details, prediction |
OPEN Platform
OPEN
|
0.07236347 |
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)