Highly correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
Bitcoin Cash
BCH
|
0.96412003 |
details, prediction |
Crypto.com Chain
CRO
|
0.9422184 |
details, prediction |
Litecoin
LTC
|
0.92214644 |
details, prediction |
Cardano
ADA
|
0.917025 |
details, prediction |
Ethereum
ETH
|
0.90485454 |
details, prediction |
|
Second tier
|
Waves
WAVES
|
0.96151245 |
details, prediction |
Bitcoin Gold
BTG
|
0.960407 |
details, prediction |
Theta Fuel
TFUEL
|
0.9526385 |
details, prediction |
Siacoin
SC
|
0.9501387 |
details, prediction |
aelf
ELF
|
0.93865216 |
details, prediction |
|
Third tier
|
SingularityNET
AGI
|
0.97494715 |
details, prediction |
LAToken
LA
|
0.9633966 |
details, prediction |
Steem
STEEM
|
0.9605614 |
details, prediction |
PIVX
PIVX
|
0.95165527 |
details, prediction |
Gas
GAS
|
0.94985354 |
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
|
Stellar
XLM
|
-0.6408988 |
details, prediction |
ZCash
ZEC
|
-0.3307347 |
details, prediction |
TRON
TRX
|
-0.0645905 |
details, prediction |
Monero
XMR
|
0.3931767 |
details, prediction |
Binance Coin
BNB
|
0.4118202 |
details, prediction |
|
Second tier
|
USD//Coin
USDC
|
-0.54482186 |
details, prediction |
Dai
DAI
|
-0.49527407 |
details, prediction |
Telcoin
TEL
|
-0.41399083 |
details, prediction |
True USD
TUSD
|
-0.3670159 |
details, prediction |
OriginTrail
TRAC
|
-0.3187747 |
details, prediction |
|
Third tier
|
FunFair
FUN
|
-0.20330654 |
details, prediction |
Chronobank
TIME
|
-0.20111895 |
details, prediction |
Komodo
KMD
|
-0.14122187 |
details, prediction |
V Systems
VSYS
|
-0.13215615 |
details, prediction |
OPEN Platform
OPEN
|
-0.05644804 |
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)