Highly correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
Bitcoin
BTC
|
0.87570184 |
details, prediction |
Binance Coin
BNB
|
0.8707014 |
details, prediction |
XRP
XRP
|
0.8703757 |
details, prediction |
Ethereum
ETH
|
0.8662235 |
details, prediction |
Monero
XMR
|
0.8261371 |
details, prediction |
|
Second tier
|
Nexo
NEXO
|
0.8343651 |
details, prediction |
QTUM
QTUM
|
0.82819015 |
details, prediction |
Vechain
VET
|
0.8026695 |
details, prediction |
Horizen
ZEN
|
0.801852 |
details, prediction |
Theta Fuel
TFUEL
|
0.7815511 |
details, prediction |
|
Third tier
|
Stox
STX
|
0.84137154 |
details, prediction |
Ontology
ONT
|
0.83133364 |
details, prediction |
Bancor
BNT
|
0.8184622 |
details, prediction |
SingularityNET
AGI
|
0.7997637 |
details, prediction |
Gas
GAS
|
0.7976953 |
details, prediction |
This report should be leaned to get most info about heading trends.
It means that Dent 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 Dent
Low correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
TRON
TRX
|
0.17057458 |
details, prediction |
Stellar
XLM
|
0.304979 |
details, prediction |
KuCoin Shares
KCS
|
0.40549263 |
details, prediction |
Bitcoin Cash
BCH
|
0.5917239 |
details, prediction |
Litecoin
LTC
|
0.61948013 |
details, prediction |
|
Second tier
|
Ravencoin
RVN
|
-0.64357793 |
details, prediction |
USD//Coin
USDC
|
-0.5960763 |
details, prediction |
True USD
TUSD
|
-0.5622662 |
details, prediction |
aelf
ELF
|
-0.44722188 |
details, prediction |
Telcoin
TEL
|
-0.24426259 |
details, prediction |
|
Third tier
|
ICON
ICX
|
-0.8287522 |
details, prediction |
Matrix AI Network
MAN
|
-0.80699116 |
details, prediction |
NKN
NKN
|
-0.72640055 |
details, prediction |
Storj
STORJ
|
-0.66457677 |
details, prediction |
OPEN Platform
OPEN
|
-0.6580971 |
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)