Highly correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
UNUS SED LEO
LEO
|
0.5914438 |
details, prediction |
Stellar
XLM
|
0.17291136 |
details, prediction |
ChainLink
LINK
|
0.16854152 |
details, prediction |
Ethereum
ETH
|
0.16574198 |
details, prediction |
Bitcoin
BTC
|
0.122737676 |
details, prediction |
|
Second tier
|
Decred
DCR
|
0.8530081 |
details, prediction |
Nexo
NEXO
|
0.5907809 |
details, prediction |
HoloToken
HOT
|
0.405783 |
details, prediction |
EOS
EOS
|
0.39857185 |
details, prediction |
Bitcoin SV
BSV
|
0.18410814 |
details, prediction |
|
Third tier
|
Kleros
PNK
|
0.9479415 |
details, prediction |
Propy
PRO
|
0.818121 |
details, prediction |
Streamr DATAcoin
DATA
|
0.8123809 |
details, prediction |
FunFair
FUN
|
0.70965105 |
details, prediction |
Steem
STEEM
|
0.5716914 |
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
|
Bitcoin Cash
BCH
|
-0.5445989 |
details, prediction |
KuCoin Shares
KCS
|
-0.5276787 |
details, prediction |
Dogecoin
DOGE
|
-0.25045812 |
details, prediction |
Binance Coin
BNB
|
-0.2174646 |
details, prediction |
ZCash
ZEC
|
-0.1769747 |
details, prediction |
|
Second tier
|
Bitcoin Gold
BTG
|
-0.56528276 |
details, prediction |
Zilliqa
ZIL
|
-0.5266468 |
details, prediction |
Request Network
REQ
|
-0.52330977 |
details, prediction |
Status
SNT
|
-0.4965963 |
details, prediction |
True USD
TUSD
|
-0.4830864 |
details, prediction |
|
Third tier
|
Constellation
DAG
|
-0.7821082 |
details, prediction |
HEROcoin
PLAY
|
-0.77266127 |
details, prediction |
BOScoin
BOS
|
-0.7272806 |
details, prediction |
Elastos
ELA
|
-0.6584962 |
details, prediction |
Gas
GAS
|
-0.5611361 |
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)