Highly correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
Ethereum Classic
ETC
|
0.9509912 |
details, prediction |
XRP
XRP
|
0.9329376 |
details, prediction |
Dogecoin
DOGE
|
0.92142564 |
details, prediction |
Bitcoin Cash
BCH
|
0.90789753 |
details, prediction |
Bitcoin
BTC
|
0.8867686 |
details, prediction |
|
Second tier
|
Horizen
ZEN
|
0.9588793 |
details, prediction |
Waves
WAVES
|
0.9565857 |
details, prediction |
Ravencoin
RVN
|
0.9456441 |
details, prediction |
Tezos
XTZ
|
0.9448185 |
details, prediction |
Theta Fuel
TFUEL
|
0.94189173 |
details, prediction |
|
Third tier
|
Ontology
ONT
|
0.96298635 |
details, prediction |
ICON
ICX
|
0.95533556 |
details, prediction |
Enjin Coin
ENJ
|
0.9549738 |
details, prediction |
Kyber Network
KNC
|
0.95391613 |
details, prediction |
Gas
GAS
|
0.9527765 |
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
|
-0.24901901 |
details, prediction |
TRON
TRX
|
0.40444943 |
details, prediction |
Monero
XMR
|
0.4854537 |
details, prediction |
ZCash
ZEC
|
0.6224752 |
details, prediction |
Ethereum
ETH
|
0.69610614 |
details, prediction |
|
Second tier
|
Dai
DAI
|
-0.7362958 |
details, prediction |
USD//Coin
USDC
|
-0.6641073 |
details, prediction |
True USD
TUSD
|
-0.2002321 |
details, prediction |
DigiByte
DGB
|
0.0034766062 |
details, prediction |
Bitcoin SV
BSV
|
0.62680745 |
details, prediction |
|
Third tier
|
Propy
PRO
|
-0.1782179 |
details, prediction |
V Systems
VSYS
|
0.027568119 |
details, prediction |
Phantasma
SOUL
|
0.059746362 |
details, prediction |
NKN
NKN
|
0.060178615 |
details, prediction |
Achain
ACT
|
0.118360825 |
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)