Highly correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
Cardano
ADA
|
0.80371785 |
details, prediction |
Bitcoin Cash
BCH
|
0.7942266 |
details, prediction |
Dogecoin
DOGE
|
0.7872733 |
details, prediction |
Ethereum Classic
ETC
|
0.7329699 |
details, prediction |
Litecoin
LTC
|
0.7118331 |
details, prediction |
|
Second tier
|
Chiliz
CHZ
|
0.85202026 |
details, prediction |
Decred
DCR
|
0.8507088 |
details, prediction |
Tezos
XTZ
|
0.84506893 |
details, prediction |
Theta Fuel
TFUEL
|
0.83173335 |
details, prediction |
DigiByte
DGB
|
0.83134866 |
details, prediction |
|
Third tier
|
HEROcoin
PLAY
|
0.9161614 |
details, prediction |
IoTeX
IOTX
|
0.8961076 |
details, prediction |
Lisk
LSK
|
0.8633242 |
details, prediction |
Power Ledger
POWR
|
0.86196357 |
details, prediction |
PIVX
PIVX
|
0.8581639 |
details, prediction |
This report should be leaned to get most info about heading trends.
It means that Dero 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 Dero
Low correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
Stellar
XLM
|
-0.26242116 |
details, prediction |
KuCoin Shares
KCS
|
0.39447162 |
details, prediction |
Monero
XMR
|
0.56098634 |
details, prediction |
ZCash
ZEC
|
0.60089606 |
details, prediction |
Bitcoin
BTC
|
0.64552814 |
details, prediction |
|
Second tier
|
Dai
DAI
|
-0.9548235 |
details, prediction |
USD//Coin
USDC
|
-0.9126667 |
details, prediction |
True USD
TUSD
|
-0.88039434 |
details, prediction |
Cosmos
ATOM
|
0.37461516 |
details, prediction |
Nexo
NEXO
|
0.38574415 |
details, prediction |
|
Third tier
|
BABB
BAX
|
-0.90956557 |
details, prediction |
OPEN Platform
OPEN
|
-0.624041 |
details, prediction |
Phantasma
SOUL
|
-0.5139527 |
details, prediction |
Propy
PRO
|
-0.46427563 |
details, prediction |
Matrix AI Network
MAN
|
-0.2971629 |
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)