Highly correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
Crypto.com Chain
CRO
|
0.76517886 |
details, prediction |
Cardano
ADA
|
0.75975627 |
details, prediction |
Ethereum Classic
ETC
|
0.72783494 |
details, prediction |
Litecoin
LTC
|
0.66935617 |
details, prediction |
Bitcoin Cash
BCH
|
0.65586007 |
details, prediction |
|
Second tier
|
IOTA
IOT
|
0.72332615 |
details, prediction |
Bitcoin Gold
BTG
|
0.70171237 |
details, prediction |
Siacoin
SC
|
0.6878964 |
details, prediction |
Tezos
XTZ
|
0.6861349 |
details, prediction |
NEO
NEO
|
0.6811275 |
details, prediction |
|
Third tier
|
FunFair
FUN
|
0.8051073 |
details, prediction |
Stox
STX
|
0.7494246 |
details, prediction |
IoTeX
IOTX
|
0.745624 |
details, prediction |
Constellation
DAG
|
0.7343088 |
details, prediction |
Internet of Services
IOST
|
0.72079235 |
details, prediction |
This report should be leaned to get most info about heading trends.
It means that Dero 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 Dero
Low correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
Stellar
XLM
|
-0.452479 |
details, prediction |
ZCash
ZEC
|
0.028141364 |
details, prediction |
TRON
TRX
|
0.3429612 |
details, prediction |
Monero
XMR
|
0.37216857 |
details, prediction |
KuCoin Shares
KCS
|
0.4596955 |
details, prediction |
|
Second tier
|
USD//Coin
USDC
|
-0.24698998 |
details, prediction |
True USD
TUSD
|
-0.20820768 |
details, prediction |
Dai
DAI
|
-0.19955684 |
details, prediction |
OriginTrail
TRAC
|
-0.08915792 |
details, prediction |
Telcoin
TEL
|
0.010233188 |
details, prediction |
|
Third tier
|
OPEN Platform
OPEN
|
-0.58216846 |
details, prediction |
Chronobank
TIME
|
-0.41235143 |
details, prediction |
Enjin Coin
ENJ
|
-0.05173802 |
details, prediction |
Propy
PRO
|
0.039380953 |
details, prediction |
Matrix AI Network
MAN
|
0.10911196 |
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)