Highly correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
Ethereum Classic
ETC
|
0.77384484 |
details, prediction |
Cardano
ADA
|
0.7651956 |
details, prediction |
Crypto.com Chain
CRO
|
0.72224516 |
details, prediction |
Dogecoin
DOGE
|
0.69067216 |
details, prediction |
ChainLink
LINK
|
0.67906475 |
details, prediction |
|
Second tier
|
IOTA
IOT
|
0.7619421 |
details, prediction |
Algorand
ALGO
|
0.76015383 |
details, prediction |
NEO
NEO
|
0.7288431 |
details, prediction |
iEx.ec
RLC
|
0.72864926 |
details, prediction |
QTUM
QTUM
|
0.7132312 |
details, prediction |
|
Third tier
|
FunFair
FUN
|
0.8858874 |
details, prediction |
Stox
STX
|
0.75091755 |
details, prediction |
Power Ledger
POWR
|
0.7500576 |
details, prediction |
Internet of Services
IOST
|
0.74217945 |
details, prediction |
Constellation
DAG
|
0.74005246 |
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
|
-0.46158955 |
details, prediction |
ZCash
ZEC
|
0.22703522 |
details, prediction |
TRON
TRX
|
0.40045872 |
details, prediction |
KuCoin Shares
KCS
|
0.43406382 |
details, prediction |
Monero
XMR
|
0.51038826 |
details, prediction |
|
Second tier
|
USD//Coin
USDC
|
-0.44894654 |
details, prediction |
True USD
TUSD
|
-0.39526522 |
details, prediction |
Dai
DAI
|
-0.35635832 |
details, prediction |
OriginTrail
TRAC
|
0.050067544 |
details, prediction |
Telcoin
TEL
|
0.13630955 |
details, prediction |
|
Third tier
|
Chronobank
TIME
|
-0.8009044 |
details, prediction |
OPEN Platform
OPEN
|
-0.48042294 |
details, prediction |
Matrix AI Network
MAN
|
-0.07360674 |
details, prediction |
Propy
PRO
|
-0.04089023 |
details, prediction |
Enjin Coin
ENJ
|
0.09565806 |
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)