Highly correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
TRON
TRX
|
0.5060878 |
details, prediction |
Dogecoin
DOGE
|
0.08220467 |
details, prediction |
Binance Coin
BNB
|
0.0072217355 |
details, prediction |
Bitcoin Cash
BCH
|
-0.20278223 |
details, prediction |
XRP
XRP
|
-0.21204954 |
details, prediction |
|
Second tier
|
True USD
TUSD
|
0.46540338 |
details, prediction |
Verge
XVG
|
0.26578322 |
details, prediction |
Ardor
ARDR
|
-0.06989951 |
details, prediction |
Decred
DCR
|
-0.102341786 |
details, prediction |
Zilliqa
ZIL
|
-0.12293249 |
details, prediction |
|
Third tier
|
Dero
DERO
|
0.4252604 |
details, prediction |
HEROcoin
PLAY
|
0.38923576 |
details, prediction |
Constellation
DAG
|
0.13928209 |
details, prediction |
Ontology
ONT
|
0.12976976 |
details, prediction |
FunFair
FUN
|
0.0819234 |
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
|
ChainLink
LINK
|
-0.69028693 |
details, prediction |
Crypto.com Chain
CRO
|
-0.6345413 |
details, prediction |
Ethereum
ETH
|
-0.4800635 |
details, prediction |
Litecoin
LTC
|
-0.46840373 |
details, prediction |
Bitcoin
BTC
|
-0.45490155 |
details, prediction |
|
Second tier
|
Bitcoin SV
BSV
|
-0.71223867 |
details, prediction |
Theta
THETA
|
-0.7001015 |
details, prediction |
Cosmos
ATOM
|
-0.6966851 |
details, prediction |
Chiliz
CHZ
|
-0.6880579 |
details, prediction |
Vechain
VET
|
-0.6838762 |
details, prediction |
|
Third tier
|
Kleros
PNK
|
-0.619767 |
details, prediction |
V Systems
VSYS
|
-0.5083038 |
details, prediction |
Hydro Protocol
HOT
|
-0.4857832 |
details, prediction |
Bancor
BNT
|
-0.46542203 |
details, prediction |
Streamr DATAcoin
DATA
|
-0.4344803 |
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)