Highly correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
KuCoin Shares
KCS
|
0.91969675 |
details, prediction |
Dogecoin
DOGE
|
0.76331645 |
details, prediction |
ZCash
ZEC
|
0.74768025 |
details, prediction |
Monero
XMR
|
0.72940326 |
details, prediction |
ChainLink
LINK
|
0.7110217 |
details, prediction |
|
Second tier
|
Synthetix Network Token
SNX
|
0.8865173 |
details, prediction |
Horizen
ZEN
|
0.8586769 |
details, prediction |
Bitcoin Gold
BTG
|
0.63758147 |
details, prediction |
iEx.ec
RLC
|
0.618147 |
details, prediction |
FTX Token
FTT
|
0.612777 |
details, prediction |
|
Third tier
|
SingularityNET
AGI
|
0.7724757 |
details, prediction |
Storj
STORJ
|
0.73715144 |
details, prediction |
Loopring
LRC
|
0.72062194 |
details, prediction |
Chronobank
TIME
|
0.69536495 |
details, prediction |
Bancor
BNT
|
0.67926955 |
details, prediction |
This report should be leaned to get most info about heading trends.
It means that DASH 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 DASH
Low correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
TRON
TRX
|
-0.01432366 |
details, prediction |
Stellar
XLM
|
0.13997069 |
details, prediction |
Bitcoin Cash
BCH
|
0.22539325 |
details, prediction |
UNUS SED LEO
LEO
|
0.24686632 |
details, prediction |
Cardano
ADA
|
0.40370405 |
details, prediction |
|
Second tier
|
Decred
DCR
|
-0.26323578 |
details, prediction |
Dai
DAI
|
-0.12242159 |
details, prediction |
Nexo
NEXO
|
-0.029697495 |
details, prediction |
USD//Coin
USDC
|
0.03611302 |
details, prediction |
Verge
XVG
|
0.08303858 |
details, prediction |
|
Third tier
|
Propy
PRO
|
-0.3680305 |
details, prediction |
FunFair
FUN
|
-0.259023 |
details, prediction |
Wanchain
WAN
|
-0.21712133 |
details, prediction |
Dent
DENT
|
-0.17105888 |
details, prediction |
LAToken
LA
|
-0.13346994 |
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)