Highly correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
Cardano
ADA
|
0.6315481 |
details, prediction |
Bitcoin Cash
BCH
|
0.58944315 |
details, prediction |
Crypto.com Chain
CRO
|
0.46886563 |
details, prediction |
Ethereum Classic
ETC
|
0.36905038 |
details, prediction |
Binance Coin
BNB
|
0.13169877 |
details, prediction |
|
Second tier
|
Bitcoin Gold
BTG
|
0.65913355 |
details, prediction |
IOTA
IOT
|
0.60353374 |
details, prediction |
Verge
XVG
|
0.578803 |
details, prediction |
Telcoin
TEL
|
0.572497 |
details, prediction |
Waves
WAVES
|
0.5548905 |
details, prediction |
|
Third tier
|
Constellation
DAG
|
0.7926989 |
details, prediction |
FunFair
FUN
|
0.7550057 |
details, prediction |
BABB
BAX
|
0.7061961 |
details, prediction |
Wanchain
WAN
|
0.68726593 |
details, prediction |
Komodo
KMD
|
0.6750468 |
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
|
Ethereum
ETH
|
-0.7319791 |
details, prediction |
Bitcoin
BTC
|
-0.50730306 |
details, prediction |
KuCoin Shares
KCS
|
-0.5049083 |
details, prediction |
TRON
TRX
|
-0.38893437 |
details, prediction |
Monero
XMR
|
-0.22980918 |
details, prediction |
|
Second tier
|
Bitcoin SV
BSV
|
-0.4849062 |
details, prediction |
Algorand
ALGO
|
-0.37499237 |
details, prediction |
HoloToken
HOT
|
-0.32633266 |
details, prediction |
Nexo
NEXO
|
-0.29852048 |
details, prediction |
Synthetix Network Token
SNX
|
-0.28447923 |
details, prediction |
|
Third tier
|
OPEN Platform
OPEN
|
-0.88402647 |
details, prediction |
HEROcoin
PLAY
|
-0.8130447 |
details, prediction |
Enjin Coin
ENJ
|
-0.70720977 |
details, prediction |
Ontology
ONT
|
-0.4508239 |
details, prediction |
Metal
MTL
|
-0.3395735 |
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)