Highly correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
Monero
XMR
|
0.6762493 |
details, prediction |
Ethereum
ETH
|
0.666648 |
details, prediction |
ChainLink
LINK
|
0.6110261 |
details, prediction |
Litecoin
LTC
|
0.5296834 |
details, prediction |
Bitcoin
BTC
|
0.49688762 |
details, prediction |
|
Second tier
|
Bitcoin Gold
BTG
|
0.8052939 |
details, prediction |
Decred
DCR
|
0.6718965 |
details, prediction |
HoloToken
HOT
|
0.48486674 |
details, prediction |
Decentraland
MANA
|
0.3860097 |
details, prediction |
Bitcoin SV
BSV
|
0.38517576 |
details, prediction |
|
Third tier
|
Dero
DERO
|
0.8284295 |
details, prediction |
SysCoin
SYS
|
0.72774374 |
details, prediction |
NKN
NKN
|
0.60778767 |
details, prediction |
V Systems
VSYS
|
0.59525454 |
details, prediction |
Hydro Protocol
HOT
|
0.5707828 |
details, prediction |
This report should be leaned to get most info about heading trends.
It means that DigiByte 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 DigiByte
Low correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
Stellar
XLM
|
-0.45402983 |
details, prediction |
KuCoin Shares
KCS
|
0.042869292 |
details, prediction |
Dogecoin
DOGE
|
0.2020465 |
details, prediction |
Ethereum Classic
ETC
|
0.24310794 |
details, prediction |
TRON
TRX
|
0.296791 |
details, prediction |
|
Second tier
|
Dai
DAI
|
-0.6914283 |
details, prediction |
Telcoin
TEL
|
-0.45271108 |
details, prediction |
USD//Coin
USDC
|
-0.35189274 |
details, prediction |
True USD
TUSD
|
-0.31325832 |
details, prediction |
Cosmos
ATOM
|
-0.089338265 |
details, prediction |
|
Third tier
|
BABB
BAX
|
-0.4547887 |
details, prediction |
SingularityNET
AGI
|
-0.17706038 |
details, prediction |
Matrix AI Network
MAN
|
-0.1494803 |
details, prediction |
Stox
STX
|
-0.13768125 |
details, prediction |
Electroneum
ETN
|
-0.11807991 |
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)