Highly correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
Ethereum Classic
ETC
|
0.92372465 |
details, prediction |
XRP
XRP
|
0.88633156 |
details, prediction |
Dogecoin
DOGE
|
0.87835443 |
details, prediction |
Bitcoin
BTC
|
0.8641641 |
details, prediction |
Bitcoin Cash
BCH
|
0.84399253 |
details, prediction |
|
Second tier
|
Horizen
ZEN
|
0.9318247 |
details, prediction |
Verge
XVG
|
0.91667753 |
details, prediction |
Zilliqa
ZIL
|
0.9037388 |
details, prediction |
QTUM
QTUM
|
0.9030198 |
details, prediction |
Waves
WAVES
|
0.900506 |
details, prediction |
|
Third tier
|
Stox
STX
|
0.92280936 |
details, prediction |
Lisk
LSK
|
0.9042428 |
details, prediction |
Gas
GAS
|
0.89889514 |
details, prediction |
ICON
ICX
|
0.8977227 |
details, prediction |
Storj
STORJ
|
0.89578974 |
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
|
Stellar
XLM
|
-0.38282412 |
details, prediction |
TRON
TRX
|
0.33206794 |
details, prediction |
ZCash
ZEC
|
0.53500247 |
details, prediction |
Monero
XMR
|
0.69547224 |
details, prediction |
Binance Coin
BNB
|
0.7177169 |
details, prediction |
|
Second tier
|
USD//Coin
USDC
|
-0.71997243 |
details, prediction |
Dai
DAI
|
-0.6761596 |
details, prediction |
True USD
TUSD
|
-0.29436842 |
details, prediction |
DigiByte
DGB
|
0.16960318 |
details, prediction |
Bitcoin SV
BSV
|
0.7136505 |
details, prediction |
|
Third tier
|
Propy
PRO
|
-0.18711348 |
details, prediction |
Phantasma
SOUL
|
-0.03619327 |
details, prediction |
V Systems
VSYS
|
0.04952754 |
details, prediction |
Matrix AI Network
MAN
|
0.085951224 |
details, prediction |
NKN
NKN
|
0.11765135 |
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)