Highly correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
Dogecoin
DOGE
|
0.6631646 |
details, prediction |
Binance Coin
BNB
|
0.4624753 |
details, prediction |
XRP
XRP
|
0.39698127 |
details, prediction |
Bitcoin Cash
BCH
|
0.37194255 |
details, prediction |
KuCoin Shares
KCS
|
0.370469 |
details, prediction |
|
Second tier
|
Dai
DAI
|
0.6686049 |
details, prediction |
True USD
TUSD
|
0.60934716 |
details, prediction |
Ardor
ARDR
|
0.5449509 |
details, prediction |
Waves
WAVES
|
0.5414986 |
details, prediction |
Request Network
REQ
|
0.52859724 |
details, prediction |
|
Third tier
|
HEROcoin
PLAY
|
0.947846 |
details, prediction |
Elastos
ELA
|
0.75353783 |
details, prediction |
Komodo
KMD
|
0.640791 |
details, prediction |
Gas
GAS
|
0.6239908 |
details, prediction |
Constellation
DAG
|
0.6172601 |
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
|
ChainLink
LINK
|
-0.1341563 |
details, prediction |
UNUS SED LEO
LEO
|
-0.11681636 |
details, prediction |
Crypto.com Chain
CRO
|
-0.026287308 |
details, prediction |
Stellar
XLM
|
0.061936226 |
details, prediction |
Litecoin
LTC
|
0.12940095 |
details, prediction |
|
Second tier
|
Decred
DCR
|
-0.38637307 |
details, prediction |
Cosmos
ATOM
|
-0.16951582 |
details, prediction |
Bitcoin SV
BSV
|
-0.16245066 |
details, prediction |
Vechain
VET
|
-0.15300477 |
details, prediction |
Theta
THETA
|
-0.13809896 |
details, prediction |
|
Third tier
|
Dent
DENT
|
-0.50912726 |
details, prediction |
Propy
PRO
|
-0.38269523 |
details, prediction |
Kleros
PNK
|
-0.33376458 |
details, prediction |
OPEN Platform
OPEN
|
-0.25766551 |
details, prediction |
FunFair
FUN
|
-0.20274311 |
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)