Highly correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
Bitcoin Cash
BCH
|
0.8139354 |
details, prediction |
Crypto.com Chain
CRO
|
0.7693047 |
details, prediction |
Cardano
ADA
|
0.71829605 |
details, prediction |
Litecoin
LTC
|
0.70346516 |
details, prediction |
XRP
XRP
|
0.6229872 |
details, prediction |
|
Second tier
|
Verge
XVG
|
0.93896925 |
details, prediction |
Decred
DCR
|
0.8323001 |
details, prediction |
Waves
WAVES
|
0.77962947 |
details, prediction |
Bitcoin Gold
BTG
|
0.7792948 |
details, prediction |
aelf
ELF
|
0.77514327 |
details, prediction |
|
Third tier
|
BABB
BAX
|
0.88420755 |
details, prediction |
PIVX
PIVX
|
0.8580606 |
details, prediction |
SingularityNET
AGI
|
0.84195143 |
details, prediction |
SysCoin
SYS
|
0.84127903 |
details, prediction |
NKN
NKN
|
0.79300153 |
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
|
-0.75095654 |
details, prediction |
Stellar
XLM
|
-0.5750286 |
details, prediction |
TRON
TRX
|
-0.2724008 |
details, prediction |
Monero
XMR
|
-0.10472504 |
details, prediction |
Binance Coin
BNB
|
0.08270848 |
details, prediction |
|
Second tier
|
Telcoin
TEL
|
-0.58571804 |
details, prediction |
OriginTrail
TRAC
|
-0.43821198 |
details, prediction |
Cosmos
ATOM
|
-0.28188327 |
details, prediction |
DASH
DASH
|
-0.2507138 |
details, prediction |
True USD
TUSD
|
-0.21885121 |
details, prediction |
|
Third tier
|
Chronobank
TIME
|
-0.5194618 |
details, prediction |
OPEN Platform
OPEN
|
-0.4197658 |
details, prediction |
V Systems
VSYS
|
-0.27282593 |
details, prediction |
Enjin Coin
ENJ
|
-0.1122221 |
details, prediction |
HEROcoin
PLAY
|
-0.017196603 |
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)