Highly correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
Crypto.com Chain
CRO
|
0.62768275 |
details, prediction |
Cardano
ADA
|
0.42480257 |
details, prediction |
Bitcoin Cash
BCH
|
0.084517956 |
details, prediction |
Binance Coin
BNB
|
0.05854448 |
details, prediction |
Ethereum Classic
ETC
|
0.042906906 |
details, prediction |
|
Second tier
|
Verge
XVG
|
0.753152 |
details, prediction |
Bitcoin Gold
BTG
|
0.6781903 |
details, prediction |
Decred
DCR
|
0.6660835 |
details, prediction |
Telcoin
TEL
|
0.62477785 |
details, prediction |
OriginTrail
TRAC
|
0.4361099 |
details, prediction |
|
Third tier
|
Constellation
DAG
|
0.9619952 |
details, prediction |
Wanchain
WAN
|
0.7625089 |
details, prediction |
FunFair
FUN
|
0.7624823 |
details, prediction |
BABB
BAX
|
0.7284841 |
details, prediction |
SingularityNET
AGI
|
0.6435241 |
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
|
ZCash
ZEC
|
-0.6656816 |
details, prediction |
KuCoin Shares
KCS
|
-0.61288077 |
details, prediction |
Bitcoin
BTC
|
-0.58911526 |
details, prediction |
Monero
XMR
|
-0.45654184 |
details, prediction |
Ethereum
ETH
|
-0.4494232 |
details, prediction |
|
Second tier
|
Chiliz
CHZ
|
-0.84314436 |
details, prediction |
0x
ZRX
|
-0.7226599 |
details, prediction |
Theta
THETA
|
-0.7180673 |
details, prediction |
iEx.ec
RLC
|
-0.5779234 |
details, prediction |
Ravencoin
RVN
|
-0.533764 |
details, prediction |
|
Third tier
|
OPEN Platform
OPEN
|
-0.9475777 |
details, prediction |
HEROcoin
PLAY
|
-0.92451066 |
details, prediction |
Metal
MTL
|
-0.8975453 |
details, prediction |
Enjin Coin
ENJ
|
-0.7442459 |
details, prediction |
Bancor
BNT
|
-0.62456733 |
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)