Highly correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
UNUS SED LEO
LEO
|
0.28082588 |
details, prediction |
TRON
TRX
|
0.0468309 |
details, prediction |
Bitcoin
BTC
|
-0.07984654 |
details, prediction |
Ethereum
ETH
|
-0.08063837 |
details, prediction |
Monero
XMR
|
-0.14041366 |
details, prediction |
|
Second tier
|
Nexo
NEXO
|
0.22609925 |
details, prediction |
HoloToken
HOT
|
0.14362124 |
details, prediction |
Verge
XVG
|
0.094345935 |
details, prediction |
DigiByte
DGB
|
0.07994626 |
details, prediction |
OriginTrail
TRAC
|
-0.0850078 |
details, prediction |
|
Third tier
|
Dent
DENT
|
0.84184784 |
details, prediction |
Propy
PRO
|
0.57753927 |
details, prediction |
BABB
BAX
|
0.48337123 |
details, prediction |
FunFair
FUN
|
0.36095488 |
details, prediction |
Steem
STEEM
|
0.31222042 |
details, prediction |
This report should be leaned to get most info about heading trends.
It means that Decred 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 Decred
Low correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
Bitcoin Cash
BCH
|
-0.57346076 |
details, prediction |
KuCoin Shares
KCS
|
-0.544113 |
details, prediction |
ZCash
ZEC
|
-0.3678768 |
details, prediction |
Ethereum Classic
ETC
|
-0.28546348 |
details, prediction |
Dogecoin
DOGE
|
-0.25417215 |
details, prediction |
|
Second tier
|
Request Network
REQ
|
-0.49503326 |
details, prediction |
True USD
TUSD
|
-0.49143463 |
details, prediction |
Waves
WAVES
|
-0.48018616 |
details, prediction |
iEx.ec
RLC
|
-0.4491146 |
details, prediction |
FTX Token
FTT
|
-0.44256052 |
details, prediction |
|
Third tier
|
NKN
NKN
|
-0.67486095 |
details, prediction |
Kyber Network
KNC
|
-0.54584986 |
details, prediction |
Electroneum
ETN
|
-0.5245573 |
details, prediction |
Phantasma
SOUL
|
-0.5213339 |
details, prediction |
Elastos
ELA
|
-0.4837493 |
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)