Highly correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
UNUS SED LEO
LEO
|
0.86298156 |
details, prediction |
TRON
TRX
|
0.34487537 |
details, prediction |
Stellar
XLM
|
0.29290116 |
details, prediction |
ZCash
ZEC
|
-0.07504653 |
details, prediction |
Binance Coin
BNB
|
-0.20414469 |
details, prediction |
|
Second tier
|
USD//Coin
USDC
|
0.87014145 |
details, prediction |
OriginTrail
TRAC
|
0.32923967 |
details, prediction |
Telcoin
TEL
|
0.27884874 |
details, prediction |
True USD
TUSD
|
0.21278085 |
details, prediction |
Verge
XVG
|
-0.07135625 |
details, prediction |
|
Third tier
|
FunFair
FUN
|
0.5419914 |
details, prediction |
NKN
NKN
|
0.28010884 |
details, prediction |
Constellation
DAG
|
0.19957373 |
details, prediction |
Dero
DERO
|
0.17532322 |
details, prediction |
Wanchain
WAN
|
0.1467844 |
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
BTC
|
-0.74319524 |
details, prediction |
Ethereum
ETH
|
-0.7204802 |
details, prediction |
XRP
XRP
|
-0.6357417 |
details, prediction |
ChainLink
LINK
|
-0.63214254 |
details, prediction |
Dogecoin
DOGE
|
-0.622657 |
details, prediction |
|
Second tier
|
Theta
THETA
|
-0.7980103 |
details, prediction |
0x
ZRX
|
-0.76360244 |
details, prediction |
Zilliqa
ZIL
|
-0.733356 |
details, prediction |
Horizen
ZEN
|
-0.7288584 |
details, prediction |
Decentraland
MANA
|
-0.71889216 |
details, prediction |
|
Third tier
|
LAToken
LA
|
-0.857616 |
details, prediction |
Loopring
LRC
|
-0.7454506 |
details, prediction |
QuarkChain
QKC
|
-0.7266792 |
details, prediction |
Hydro Protocol
HOT
|
-0.7029113 |
details, prediction |
ARK
ARK
|
-0.68831885 |
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)