Highly correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
XRP
XRP
|
0.7658757 |
details, prediction |
ZCash
ZEC
|
0.7565532 |
details, prediction |
Bitcoin
BTC
|
0.7342098 |
details, prediction |
Binance Coin
BNB
|
0.7173235 |
details, prediction |
ChainLink
LINK
|
0.67352253 |
details, prediction |
|
Second tier
|
Vechain
VET
|
0.70407945 |
details, prediction |
Bitcoin Gold
BTG
|
0.6943299 |
details, prediction |
QTUM
QTUM
|
0.67475045 |
details, prediction |
Theta
THETA
|
0.61098236 |
details, prediction |
Horizen
ZEN
|
0.59915555 |
details, prediction |
|
Third tier
|
Dero
DERO
|
0.81136864 |
details, prediction |
PIVX
PIVX
|
0.79981595 |
details, prediction |
Stox
STX
|
0.7286903 |
details, prediction |
Bancor
BNT
|
0.654329 |
details, prediction |
Ontology
ONT
|
0.6271117 |
details, prediction |
This report should be leaned to get most info about heading trends.
It means that Dent 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 Dent
Low correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
Stellar
XLM
|
0.15333645 |
details, prediction |
KuCoin Shares
KCS
|
0.3502887 |
details, prediction |
TRON
TRX
|
0.3625848 |
details, prediction |
Bitcoin Cash
BCH
|
0.4683193 |
details, prediction |
Ethereum Classic
ETC
|
0.48254713 |
details, prediction |
|
Second tier
|
Dai
DAI
|
-0.76783186 |
details, prediction |
USD//Coin
USDC
|
-0.23765734 |
details, prediction |
True USD
TUSD
|
-0.20463352 |
details, prediction |
Waves
WAVES
|
-0.13997482 |
details, prediction |
aelf
ELF
|
-0.027913874 |
details, prediction |
|
Third tier
|
Matrix AI Network
MAN
|
-0.5480105 |
details, prediction |
NKN
NKN
|
-0.37847203 |
details, prediction |
ICON
ICX
|
-0.28213543 |
details, prediction |
Storj
STORJ
|
-0.15047239 |
details, prediction |
Electroneum
ETN
|
-0.14525555 |
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)