Highly correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
Bitcoin Cash
BCH
|
0.9635313 |
details, prediction |
Ethereum Classic
ETC
|
0.95481163 |
details, prediction |
Bitcoin
BTC
|
0.9517798 |
details, prediction |
Litecoin
LTC
|
0.9494727 |
details, prediction |
XRP
XRP
|
0.9381211 |
details, prediction |
|
Second tier
|
0x
ZRX
|
0.97077596 |
details, prediction |
Vechain
VET
|
0.9706513 |
details, prediction |
Tezos
XTZ
|
0.9626923 |
details, prediction |
QTUM
QTUM
|
0.96174407 |
details, prediction |
Theta Fuel
TFUEL
|
0.95892847 |
details, prediction |
|
Third tier
|
Gas
GAS
|
0.9531296 |
details, prediction |
Bancor
BNT
|
0.9442244 |
details, prediction |
Lisk
LSK
|
0.9320032 |
details, prediction |
ARK
ARK
|
0.9312118 |
details, prediction |
Civic
CVC
|
0.9310563 |
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
|
-0.30033273 |
details, prediction |
TRON
TRX
|
0.45172864 |
details, prediction |
Monero
XMR
|
0.60254055 |
details, prediction |
ZCash
ZEC
|
0.6503362 |
details, prediction |
Binance Coin
BNB
|
0.76656395 |
details, prediction |
|
Second tier
|
Dai
DAI
|
-0.8429801 |
details, prediction |
USD//Coin
USDC
|
-0.74955165 |
details, prediction |
True USD
TUSD
|
-0.2389874 |
details, prediction |
DigiByte
DGB
|
0.22210583 |
details, prediction |
OriginTrail
TRAC
|
0.63696647 |
details, prediction |
|
Third tier
|
Propy
PRO
|
-0.027997775 |
details, prediction |
OPEN Platform
OPEN
|
-0.0014475952 |
details, prediction |
Matrix AI Network
MAN
|
0.06299241 |
details, prediction |
Phantasma
SOUL
|
0.13019773 |
details, prediction |
BABB
BAX
|
0.16964898 |
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)