Highly correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
Ethereum Classic
ETC
|
0.98449886 |
details, prediction |
Cardano
ADA
|
0.9582372 |
details, prediction |
ZCash
ZEC
|
0.9501495 |
details, prediction |
KuCoin Shares
KCS
|
0.93196034 |
details, prediction |
Monero
XMR
|
0.9305168 |
details, prediction |
|
Second tier
|
Synthetix Network Token
SNX
|
0.9738029 |
details, prediction |
Horizen
ZEN
|
0.9710939 |
details, prediction |
Telcoin
TEL
|
0.9707642 |
details, prediction |
EOS
EOS
|
0.9706849 |
details, prediction |
Basic Attention Token
BAT
|
0.967539 |
details, prediction |
|
Third tier
|
Lisk
LSK
|
0.97714996 |
details, prediction |
PIVX
PIVX
|
0.97011095 |
details, prediction |
Kleros
PNK
|
0.9697902 |
details, prediction |
SwftCoin
SWFTC
|
0.9680266 |
details, prediction |
Bancor
BNT
|
0.9673582 |
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
|
TRON
TRX
|
-0.6140705 |
details, prediction |
XRP
XRP
|
0.32362667 |
details, prediction |
UNUS SED LEO
LEO
|
0.3706183 |
details, prediction |
Stellar
XLM
|
0.42045635 |
details, prediction |
Ethereum
ETH
|
0.45071936 |
details, prediction |
|
Second tier
|
Dai
DAI
|
-0.48752376 |
details, prediction |
Decred
DCR
|
-0.30444235 |
details, prediction |
True USD
TUSD
|
0.14471743 |
details, prediction |
Verge
XVG
|
0.3532853 |
details, prediction |
Nexo
NEXO
|
0.5030031 |
details, prediction |
|
Third tier
|
Ontology
ONT
|
-0.08519294 |
details, prediction |
Dent
DENT
|
-0.04491859 |
details, prediction |
HEROcoin
PLAY
|
0.1252673 |
details, prediction |
Propy
PRO
|
0.18143113 |
details, prediction |
Dero
DERO
|
0.25825065 |
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)