Highly correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
Crypto.com Chain
CRO
|
0.8939603 |
details, prediction |
Cardano
ADA
|
0.8793426 |
details, prediction |
XRP
XRP
|
0.8653274 |
details, prediction |
Binance Coin
BNB
|
0.83343154 |
details, prediction |
Ethereum Classic
ETC
|
0.75189775 |
details, prediction |
|
Second tier
|
Telcoin
TEL
|
0.9035221 |
details, prediction |
Bitcoin Gold
BTG
|
0.88304603 |
details, prediction |
Tezos
XTZ
|
0.8822571 |
details, prediction |
OriginTrail
TRAC
|
0.8306789 |
details, prediction |
Theta Fuel
TFUEL
|
0.83007824 |
details, prediction |
|
Third tier
|
Stox
STX
|
0.8655232 |
details, prediction |
Matrix AI Network
MAN
|
0.86097044 |
details, prediction |
SingularityNET
AGI
|
0.85284275 |
details, prediction |
Komodo
KMD
|
0.8308871 |
details, prediction |
Internet of Services
IOST
|
0.8297603 |
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
|
TRON
TRX
|
-0.76244295 |
details, prediction |
ZCash
ZEC
|
-0.24791414 |
details, prediction |
Bitcoin
BTC
|
0.25089127 |
details, prediction |
Ethereum
ETH
|
0.27394798 |
details, prediction |
Dogecoin
DOGE
|
0.42346314 |
details, prediction |
|
Second tier
|
Nexo
NEXO
|
-0.40951854 |
details, prediction |
Algorand
ALGO
|
-0.26739228 |
details, prediction |
Bitcoin SV
BSV
|
-0.031183707 |
details, prediction |
HoloToken
HOT
|
0.061784778 |
details, prediction |
True USD
TUSD
|
0.107813604 |
details, prediction |
|
Third tier
|
Ontology
ONT
|
-0.63670725 |
details, prediction |
OPEN Platform
OPEN
|
-0.48555592 |
details, prediction |
Enjin Coin
ENJ
|
-0.3703932 |
details, prediction |
NKN
NKN
|
-0.2536605 |
details, prediction |
V Systems
VSYS
|
-0.21832003 |
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)