Highly correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
KuCoin Shares
KCS
|
0.57037354 |
details, prediction |
TRON
TRX
|
0.14042515 |
details, prediction |
ZCash
ZEC
|
0.10414231 |
details, prediction |
Ethereum
ETH
|
0.028507037 |
details, prediction |
Stellar
XLM
|
0.027913528 |
details, prediction |
|
Second tier
|
USD//Coin
USDC
|
0.84115744 |
details, prediction |
True USD
TUSD
|
0.74430525 |
details, prediction |
DASH
DASH
|
0.25910634 |
details, prediction |
Nexo
NEXO
|
0.03934561 |
details, prediction |
Waves
WAVES
|
0.037262764 |
details, prediction |
|
Third tier
|
Propy
PRO
|
0.605205 |
details, prediction |
Metal
MTL
|
0.5791846 |
details, prediction |
Matrix AI Network
MAN
|
0.41855443 |
details, prediction |
BABB
BAX
|
0.2768861 |
details, prediction |
Phantasma
SOUL
|
0.26826856 |
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
|
-0.57660586 |
details, prediction |
Dogecoin
DOGE
|
-0.48421544 |
details, prediction |
Cardano
ADA
|
-0.40459588 |
details, prediction |
Binance Coin
BNB
|
-0.29831156 |
details, prediction |
Monero
XMR
|
-0.17900229 |
details, prediction |
|
Second tier
|
Theta Fuel
TFUEL
|
-0.62935483 |
details, prediction |
Chiliz
CHZ
|
-0.61024463 |
details, prediction |
Tezos
XTZ
|
-0.5997138 |
details, prediction |
iEx.ec
RLC
|
-0.58623177 |
details, prediction |
Decred
DCR
|
-0.55659163 |
details, prediction |
|
Third tier
|
Dero
DERO
|
-0.8754233 |
details, prediction |
HEROcoin
PLAY
|
-0.7029717 |
details, prediction |
Lisk
LSK
|
-0.699376 |
details, prediction |
IoTeX
IOTX
|
-0.6869911 |
details, prediction |
Internet of Services
IOST
|
-0.6483535 |
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)