Highly correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
Cardano
ADA
|
0.96317005 |
details, prediction |
Litecoin
LTC
|
0.96311754 |
details, prediction |
Bitcoin Cash
BCH
|
0.96269435 |
details, prediction |
Bitcoin
BTC
|
0.95915514 |
details, prediction |
XRP
XRP
|
0.9520286 |
details, prediction |
|
Second tier
|
0x
ZRX
|
0.9741702 |
details, prediction |
Vechain
VET
|
0.97208154 |
details, prediction |
Tezos
XTZ
|
0.9680774 |
details, prediction |
Theta Fuel
TFUEL
|
0.96524376 |
details, prediction |
Status
SNT
|
0.96297663 |
details, prediction |
|
Third tier
|
Gas
GAS
|
0.96124077 |
details, prediction |
Lisk
LSK
|
0.94758457 |
details, prediction |
Civic
CVC
|
0.9425394 |
details, prediction |
ARK
ARK
|
0.94080615 |
details, prediction |
Steem
STEEM
|
0.93224967 |
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
|
Stellar
XLM
|
-0.5422145 |
details, prediction |
TRON
TRX
|
0.10647628 |
details, prediction |
ZCash
ZEC
|
0.16496785 |
details, prediction |
Binance Coin
BNB
|
0.7311036 |
details, prediction |
Monero
XMR
|
0.8239009 |
details, prediction |
|
Second tier
|
USD//Coin
USDC
|
-0.8882811 |
details, prediction |
Dai
DAI
|
-0.85862994 |
details, prediction |
True USD
TUSD
|
-0.5312087 |
details, prediction |
Telcoin
TEL
|
0.16906732 |
details, prediction |
OriginTrail
TRAC
|
0.18636724 |
details, prediction |
|
Third tier
|
Matrix AI Network
MAN
|
-0.10868117 |
details, prediction |
V Systems
VSYS
|
-0.03233981 |
details, prediction |
Propy
PRO
|
-0.018645195 |
details, prediction |
Phantasma
SOUL
|
0.22340214 |
details, prediction |
Constellation
DAG
|
0.43079567 |
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)