Highly correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
Bitcoin
BTC
|
0.87720233 |
details, prediction |
Monero
XMR
|
0.8644691 |
details, prediction |
Ethereum
ETH
|
0.8612774 |
details, prediction |
Litecoin
LTC
|
0.83366424 |
details, prediction |
Stellar
XLM
|
0.82814544 |
details, prediction |
|
Second tier
|
Algorand
ALGO
|
0.85661316 |
details, prediction |
Tezos
XTZ
|
0.83235794 |
details, prediction |
NEO
NEO
|
0.8047605 |
details, prediction |
DASH
DASH
|
0.7960936 |
details, prediction |
Synthetix Network Token
SNX
|
0.78961545 |
details, prediction |
|
Third tier
|
Wanchain
WAN
|
0.8363208 |
details, prediction |
SysCoin
SYS
|
0.82016194 |
details, prediction |
Lisk
LSK
|
0.8110798 |
details, prediction |
QuarkChain
QKC
|
0.81074774 |
details, prediction |
Internet of Services
IOST
|
0.81004435 |
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
|
-0.14544104 |
details, prediction |
Bitcoin Cash
BCH
|
0.35292676 |
details, prediction |
Crypto.com Chain
CRO
|
0.45170784 |
details, prediction |
KuCoin Shares
KCS
|
0.5800787 |
details, prediction |
ChainLink
LINK
|
0.5949933 |
details, prediction |
|
Second tier
|
Dai
DAI
|
-0.14129032 |
details, prediction |
True USD
TUSD
|
0.13635466 |
details, prediction |
Zilliqa
ZIL
|
0.17950217 |
details, prediction |
Decred
DCR
|
0.19703786 |
details, prediction |
Verge
XVG
|
0.46065065 |
details, prediction |
|
Third tier
|
Constellation
DAG
|
-0.12825702 |
details, prediction |
BABB
BAX
|
-0.08971281 |
details, prediction |
OPEN Platform
OPEN
|
0.24559729 |
details, prediction |
Dero
DERO
|
0.35762575 |
details, prediction |
HEROcoin
PLAY
|
0.3667047 |
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)