Highly correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
Ethereum
ETH
|
0.8005702 |
details, prediction |
ChainLink
LINK
|
0.77142894 |
details, prediction |
Monero
XMR
|
0.7629632 |
details, prediction |
Cardano
ADA
|
0.7131671 |
details, prediction |
Bitcoin
BTC
|
0.69850636 |
details, prediction |
|
Second tier
|
Decred
DCR
|
0.7927532 |
details, prediction |
Bitcoin SV
BSV
|
0.6913288 |
details, prediction |
HoloToken
HOT
|
0.5551324 |
details, prediction |
Vechain
VET
|
0.5146661 |
details, prediction |
QTUM
QTUM
|
0.43745896 |
details, prediction |
|
Third tier
|
V Systems
VSYS
|
0.7827937 |
details, prediction |
SysCoin
SYS
|
0.7289346 |
details, prediction |
Bancor
BNT
|
0.6165872 |
details, prediction |
Dent
DENT
|
0.58376104 |
details, prediction |
Hydro Protocol
HOT
|
0.5728712 |
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
|
-0.5338484 |
details, prediction |
KuCoin Shares
KCS
|
-0.26354936 |
details, prediction |
Ethereum Classic
ETC
|
0.0035166054 |
details, prediction |
Dogecoin
DOGE
|
0.1116892 |
details, prediction |
Bitcoin Cash
BCH
|
0.36289552 |
details, prediction |
|
Second tier
|
Telcoin
TEL
|
-0.8599234 |
details, prediction |
Waves
WAVES
|
-0.85062754 |
details, prediction |
Basic Attention Token
BAT
|
-0.82364434 |
details, prediction |
Zilliqa
ZIL
|
-0.7681249 |
details, prediction |
Chiliz
CHZ
|
-0.7611529 |
details, prediction |
|
Third tier
|
Storj
STORJ
|
-0.83936256 |
details, prediction |
ICON
ICX
|
-0.79936767 |
details, prediction |
PIVX
PIVX
|
-0.78175545 |
details, prediction |
SwftCoin
SWFTC
|
-0.76066446 |
details, prediction |
Enjin Coin
ENJ
|
-0.7401124 |
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)