Highly correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
Bitcoin Cash
BCH
|
0.85834366 |
details, prediction |
Ethereum Classic
ETC
|
0.83278674 |
details, prediction |
KuCoin Shares
KCS
|
0.79264605 |
details, prediction |
Litecoin
LTC
|
0.75115454 |
details, prediction |
Dogecoin
DOGE
|
0.71047056 |
details, prediction |
|
Second tier
|
0x
ZRX
|
0.8553399 |
details, prediction |
Theta Fuel
TFUEL
|
0.82717365 |
details, prediction |
Horizen
ZEN
|
0.76980513 |
details, prediction |
NEO
NEO
|
0.76583433 |
details, prediction |
Theta
THETA
|
0.7642242 |
details, prediction |
|
Third tier
|
SysCoin
SYS
|
0.93564063 |
details, prediction |
Gas
GAS
|
0.803749 |
details, prediction |
Bancor
BNT
|
0.76771307 |
details, prediction |
Wanchain
WAN
|
0.7468205 |
details, prediction |
Steem
STEEM
|
0.7437032 |
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
|
Monero
XMR
|
0.19798736 |
details, prediction |
ChainLink
LINK
|
0.37483335 |
details, prediction |
Ethereum
ETH
|
0.43392885 |
details, prediction |
ZCash
ZEC
|
0.46315825 |
details, prediction |
TRON
TRX
|
0.5654015 |
details, prediction |
|
Second tier
|
Dai
DAI
|
-0.70242524 |
details, prediction |
USD//Coin
USDC
|
-0.0864104 |
details, prediction |
True USD
TUSD
|
-0.04873033 |
details, prediction |
DigiByte
DGB
|
0.11151351 |
details, prediction |
Ardor
ARDR
|
0.23115703 |
details, prediction |
|
Third tier
|
NKN
NKN
|
-0.16274813 |
details, prediction |
OPEN Platform
OPEN
|
-0.1624758 |
details, prediction |
Matrix AI Network
MAN
|
-0.1449114 |
details, prediction |
V Systems
VSYS
|
0.054536503 |
details, prediction |
Propy
PRO
|
0.117719546 |
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)