Highly correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
Crypto.com Chain
CRO
|
0.8529464 |
details, prediction |
KuCoin Shares
KCS
|
0.8346053 |
details, prediction |
Monero
XMR
|
0.7518444 |
details, prediction |
Ethereum Classic
ETC
|
0.70982885 |
details, prediction |
ChainLink
LINK
|
0.687902 |
details, prediction |
|
Second tier
|
Bitcoin Gold
BTG
|
0.87489593 |
details, prediction |
Horizen
ZEN
|
0.85058874 |
details, prediction |
Synthetix Network Token
SNX
|
0.8446366 |
details, prediction |
DASH
DASH
|
0.76331645 |
details, prediction |
iEx.ec
RLC
|
0.7339538 |
details, prediction |
|
Third tier
|
SingularityNET
AGI
|
0.9053393 |
details, prediction |
Stox
STX
|
0.84076643 |
details, prediction |
Chronobank
TIME
|
0.7826323 |
details, prediction |
Loopring
LRC
|
0.760941 |
details, prediction |
Bancor
BNT
|
0.7360861 |
details, prediction |
This report should be leaned to get most info about heading trends.
It means that Dogecoin 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 Dogecoin
Low correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
TRON
TRX
|
-0.25428876 |
details, prediction |
UNUS SED LEO
LEO
|
0.14114171 |
details, prediction |
Stellar
XLM
|
0.26446417 |
details, prediction |
Ethereum
ETH
|
0.44634813 |
details, prediction |
Bitcoin Cash
BCH
|
0.44956172 |
details, prediction |
|
Second tier
|
Decred
DCR
|
-0.3375349 |
details, prediction |
Nexo
NEXO
|
-0.09541415 |
details, prediction |
Dai
DAI
|
-0.09171406 |
details, prediction |
USD//Coin
USDC
|
0.048938118 |
details, prediction |
Verge
XVG
|
0.06515267 |
details, prediction |
|
Third tier
|
Ontology
ONT
|
-0.34706938 |
details, prediction |
LAToken
LA
|
-0.18866484 |
details, prediction |
Propy
PRO
|
-0.15686452 |
details, prediction |
Steem
STEEM
|
-0.15619314 |
details, prediction |
NKN
NKN
|
-0.126687 |
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)