Highly correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
ZCash
ZEC
|
0.8821659 |
details, prediction |
Binance Coin
BNB
|
0.7968293 |
details, prediction |
Litecoin
LTC
|
0.7336709 |
details, prediction |
XRP
XRP
|
0.7269899 |
details, prediction |
ChainLink
LINK
|
0.716683 |
details, prediction |
|
Second tier
|
Horizen
ZEN
|
0.96942365 |
details, prediction |
Vechain
VET
|
0.853428 |
details, prediction |
0x
ZRX
|
0.80484086 |
details, prediction |
QTUM
QTUM
|
0.78403306 |
details, prediction |
Theta Fuel
TFUEL
|
0.75428647 |
details, prediction |
|
Third tier
|
Stox
STX
|
0.8186108 |
details, prediction |
PIVX
PIVX
|
0.7527513 |
details, prediction |
Dent
DENT
|
0.7121292 |
details, prediction |
Ontology
ONT
|
0.7007176 |
details, prediction |
Lisk
LSK
|
0.69984114 |
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
|
-0.036085863 |
details, prediction |
Stellar
XLM
|
0.115273565 |
details, prediction |
KuCoin Shares
KCS
|
0.24590985 |
details, prediction |
Bitcoin Cash
BCH
|
0.5181867 |
details, prediction |
Cardano
ADA
|
0.5667176 |
details, prediction |
|
Second tier
|
aelf
ELF
|
-0.6122342 |
details, prediction |
USD//Coin
USDC
|
-0.56707394 |
details, prediction |
True USD
TUSD
|
-0.52166337 |
details, prediction |
Ravencoin
RVN
|
-0.3551788 |
details, prediction |
Waves
WAVES
|
-0.18847953 |
details, prediction |
|
Third tier
|
Matrix AI Network
MAN
|
-0.6207579 |
details, prediction |
ICON
ICX
|
-0.5535439 |
details, prediction |
OPEN Platform
OPEN
|
-0.48907015 |
details, prediction |
Dero
DERO
|
-0.4467616 |
details, prediction |
Storj
STORJ
|
-0.42790198 |
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)