Highly correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
Monero
XMR
|
0.71333843 |
details, prediction |
Ethereum
ETH
|
0.62799525 |
details, prediction |
ChainLink
LINK
|
0.5560237 |
details, prediction |
ZCash
ZEC
|
0.50277245 |
details, prediction |
Litecoin
LTC
|
0.41071337 |
details, prediction |
|
Second tier
|
Bitcoin Gold
BTG
|
0.8052939 |
details, prediction |
Decred
DCR
|
0.61057556 |
details, prediction |
Bitcoin SV
BSV
|
0.37789908 |
details, prediction |
HoloToken
HOT
|
0.3606534 |
details, prediction |
Decentraland
MANA
|
0.22210583 |
details, prediction |
|
Third tier
|
Dero
DERO
|
0.8707032 |
details, prediction |
V Systems
VSYS
|
0.7474056 |
details, prediction |
SysCoin
SYS
|
0.6971173 |
details, prediction |
NKN
NKN
|
0.60889065 |
details, prediction |
Hydro Protocol
HOT
|
0.43938127 |
details, prediction |
This report should be leaned to get most info about heading trends.
It means that DigiByte 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 DigiByte
Low correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
Stellar
XLM
|
-0.47806895 |
details, prediction |
KuCoin Shares
KCS
|
-0.11922514 |
details, prediction |
Dogecoin
DOGE
|
0.022275036 |
details, prediction |
Ethereum Classic
ETC
|
0.048993018 |
details, prediction |
XRP
XRP
|
0.09263479 |
details, prediction |
|
Second tier
|
Dai
DAI
|
-0.6528942 |
details, prediction |
Telcoin
TEL
|
-0.5439242 |
details, prediction |
True USD
TUSD
|
-0.37539846 |
details, prediction |
USD//Coin
USDC
|
-0.30809253 |
details, prediction |
Basic Attention Token
BAT
|
-0.27855387 |
details, prediction |
|
Third tier
|
BABB
BAX
|
-0.6213291 |
details, prediction |
Electroneum
ETN
|
-0.335519 |
details, prediction |
SingularityNET
AGI
|
-0.32903966 |
details, prediction |
Stox
STX
|
-0.30220348 |
details, prediction |
Matrix AI Network
MAN
|
-0.26264712 |
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)