Highly correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
Stellar
XLM
|
0.574106 |
details, prediction |
TRON
TRX
|
0.2858309 |
details, prediction |
ZCash
ZEC
|
0.21795279 |
details, prediction |
Binance Coin
BNB
|
-0.33339217 |
details, prediction |
Monero
XMR
|
-0.65907604 |
details, prediction |
|
Second tier
|
USD//Coin
USDC
|
0.9623089 |
details, prediction |
Telcoin
TEL
|
0.65090877 |
details, prediction |
OriginTrail
TRAC
|
0.47600365 |
details, prediction |
True USD
TUSD
|
0.051323168 |
details, prediction |
Cosmos
ATOM
|
-0.2992092 |
details, prediction |
|
Third tier
|
V Systems
VSYS
|
0.023769464 |
details, prediction |
Matrix AI Network
MAN
|
-0.010969798 |
details, prediction |
Constellation
DAG
|
-0.10630804 |
details, prediction |
Propy
PRO
|
-0.3202442 |
details, prediction |
Dero
DERO
|
-0.4770099 |
details, prediction |
This report should be leaned to get most info about heading trends.
It means that Dai 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 Dai
Low correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
Bitcoin Cash
BCH
|
-0.9157149 |
details, prediction |
Ethereum
ETH
|
-0.8865421 |
details, prediction |
Litecoin
LTC
|
-0.86110675 |
details, prediction |
XRP
XRP
|
-0.82403994 |
details, prediction |
Bitcoin
BTC
|
-0.82043433 |
details, prediction |
|
Second tier
|
Vechain
VET
|
-0.9157364 |
details, prediction |
aelf
ELF
|
-0.9125056 |
details, prediction |
HoloToken
HOT
|
-0.90371007 |
details, prediction |
Ravencoin
RVN
|
-0.9017772 |
details, prediction |
Tezos
XTZ
|
-0.8881174 |
details, prediction |
|
Third tier
|
LAToken
LA
|
-0.957207 |
details, prediction |
SingularityNET
AGI
|
-0.9479719 |
details, prediction |
SysCoin
SYS
|
-0.9352557 |
details, prediction |
Hydro Protocol
HOT
|
-0.91432023 |
details, prediction |
AdEx
ADX
|
-0.9113599 |
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)