Highly correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
Monero
XMR
|
0.7562292 |
details, prediction |
ZCash
ZEC
|
0.7534236 |
details, prediction |
Dogecoin
DOGE
|
0.6732158 |
details, prediction |
Bitcoin
BTC
|
0.65931755 |
details, prediction |
ChainLink
LINK
|
0.650677 |
details, prediction |
|
Second tier
|
Horizen
ZEN
|
0.72728735 |
details, prediction |
FTX Token
FTT
|
0.6471429 |
details, prediction |
Cosmos
ATOM
|
0.6451776 |
details, prediction |
Theta
THETA
|
0.63888794 |
details, prediction |
Algorand
ALGO
|
0.57165194 |
details, prediction |
|
Third tier
|
Bancor
BNT
|
0.69773126 |
details, prediction |
Storj
STORJ
|
0.6627654 |
details, prediction |
Constellation
DAG
|
0.5049089 |
details, prediction |
Kyber Network
KNC
|
0.48898682 |
details, prediction |
Metal
MTL
|
0.47056034 |
details, prediction |
This report should be leaned to get most info about heading trends.
It means that DASH 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 DASH
Low correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
Stellar
XLM
|
-0.31585923 |
details, prediction |
Crypto.com Chain
CRO
|
0.08195549 |
details, prediction |
KuCoin Shares
KCS
|
0.1265375 |
details, prediction |
Bitcoin Cash
BCH
|
0.24448346 |
details, prediction |
XRP
XRP
|
0.40093854 |
details, prediction |
|
Second tier
|
USD//Coin
USDC
|
-0.64920884 |
details, prediction |
Dai
DAI
|
-0.53268 |
details, prediction |
True USD
TUSD
|
-0.40616927 |
details, prediction |
Bitcoin Gold
BTG
|
0.025039269 |
details, prediction |
Verge
XVG
|
0.09928292 |
details, prediction |
|
Third tier
|
FunFair
FUN
|
-0.663855 |
details, prediction |
Komodo
KMD
|
-0.5463831 |
details, prediction |
BABB
BAX
|
-0.54045403 |
details, prediction |
Phantasma
SOUL
|
-0.33008543 |
details, prediction |
NKN
NKN
|
-0.2593698 |
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)