Highly correlated currencies
Coin |
Correlation |
Links |
First tier
|
XRP
XRP
|
0.61 |
details, prediction |
Bitcoin Cash
BCH
|
0.58 |
details, prediction |
NEO
NEO
|
0.56 |
details, prediction |
Litecoin
LTC
|
0.56 |
details, prediction |
EOS
EOS
|
0.56 |
details, prediction |
Second tier
|
Dent
DENT
|
0.61 |
details, prediction |
EthLend
LEND
|
0.61 |
details, prediction |
Nano
NANO
|
0.60 |
details, prediction |
Siacoin
SC
|
0.60 |
details, prediction |
OmiseGo
OMG
|
0.59 |
details, prediction |
Third tier
|
Ternio
TERN
|
0.87 |
details, prediction |
Fitrova
FRV
|
0.83 |
details, prediction |
Distributed Credit Chain
DCC
|
0.80 |
details, prediction |
Phantasma
SOUL
|
0.80 |
details, prediction |
0chain
ZCN
|
0.79 |
details, prediction |
This report should be leaned to get most info about heading trends.
It means that Dnotes 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 Dnotes
Low correlated currencies
Coin |
Correlation |
Links |
First tier
|
Theta
THETA
|
0.06 |
details, prediction |
Tezos
XTZ
|
0.27 |
details, prediction |
Binance Coin
BNB
|
0.30 |
details, prediction |
Bitcoin
BTC
|
0.37 |
details, prediction |
Stellar
XLM
|
0.39 |
details, prediction |
Second tier
|
Huobi Token
HT
|
-0.19 |
details, prediction |
True USD
TUSD
|
-0.04 |
details, prediction |
Dai
DAI
|
0.02 |
details, prediction |
HoloToken
HOT
|
0.10 |
details, prediction |
DigiByte
DGB
|
0.15 |
details, prediction |
Third tier
|
Atmos
ATMOS
|
-0.60 |
details, prediction |
SafeExchangeCoin
SAFEX
|
-0.56 |
details, prediction |
GoChain
GO
|
-0.48 |
details, prediction |
Hydro
HYDRO
|
-0.47 |
details, prediction |
ODEM
ODEM
|
-0.42 |
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)