Highly correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
Ethereum Classic
ETC
|
0.8817397 |
details, prediction |
Bitcoin Cash
BCH
|
0.8353526 |
details, prediction |
Litecoin
LTC
|
0.8344202 |
details, prediction |
Dogecoin
DOGE
|
0.82621473 |
details, prediction |
XRP
XRP
|
0.80245733 |
details, prediction |
|
Second tier
|
NEO
NEO
|
0.8842538 |
details, prediction |
0x
ZRX
|
0.85346067 |
details, prediction |
Theta
THETA
|
0.83870155 |
details, prediction |
Nexo
NEXO
|
0.82260436 |
details, prediction |
Tezos
XTZ
|
0.81078905 |
details, prediction |
|
Third tier
|
Gas
GAS
|
0.82246286 |
details, prediction |
Kyber Network
KNC
|
0.8055827 |
details, prediction |
Bancor
BNT
|
0.78560525 |
details, prediction |
Stox
STX
|
0.77316463 |
details, prediction |
Steem
STEEM
|
0.75761956 |
details, prediction |
This report should be leaned to get most info about heading trends.
It means that Decentraland 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 Decentraland
Low correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
TRON
TRX
|
0.44119802 |
details, prediction |
Monero
XMR
|
0.5764134 |
details, prediction |
Stellar
XLM
|
0.58224916 |
details, prediction |
KuCoin Shares
KCS
|
0.61675495 |
details, prediction |
ChainLink
LINK
|
0.6693279 |
details, prediction |
|
Second tier
|
Dai
DAI
|
-0.65609914 |
details, prediction |
Ravencoin
RVN
|
-0.32187662 |
details, prediction |
USD//Coin
USDC
|
-0.18977557 |
details, prediction |
True USD
TUSD
|
-0.15284134 |
details, prediction |
aelf
ELF
|
-0.027466195 |
details, prediction |
|
Third tier
|
NKN
NKN
|
-0.4513994 |
details, prediction |
ICON
ICX
|
-0.41071868 |
details, prediction |
Matrix AI Network
MAN
|
-0.4041793 |
details, prediction |
OPEN Platform
OPEN
|
-0.40003195 |
details, prediction |
Storj
STORJ
|
-0.24572219 |
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)