Highly correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
XRP
XRP
|
0.9269188 |
details, prediction |
Ethereum
ETH
|
0.92420727 |
details, prediction |
Cardano
ADA
|
0.9058052 |
details, prediction |
Litecoin
LTC
|
0.90411645 |
details, prediction |
Crypto.com Chain
CRO
|
0.9009477 |
details, prediction |
|
Second tier
|
Siacoin
SC
|
0.9386475 |
details, prediction |
Theta Fuel
TFUEL
|
0.92881817 |
details, prediction |
NEO
NEO
|
0.91223025 |
details, prediction |
Tezos
XTZ
|
0.9115804 |
details, prediction |
Decred
DCR
|
0.9086917 |
details, prediction |
|
Third tier
|
LAToken
LA
|
0.929438 |
details, prediction |
Internet of Services
IOST
|
0.9221147 |
details, prediction |
Lisk
LSK
|
0.91489035 |
details, prediction |
IoTeX
IOTX
|
0.91409945 |
details, prediction |
Steem
STEEM
|
0.9126459 |
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
|
-0.52924854 |
details, prediction |
ZCash
ZEC
|
-0.14267555 |
details, prediction |
TRON
TRX
|
0.059853077 |
details, prediction |
Monero
XMR
|
0.54647744 |
details, prediction |
Binance Coin
BNB
|
0.60392237 |
details, prediction |
|
Second tier
|
USD//Coin
USDC
|
-0.6345923 |
details, prediction |
Dai
DAI
|
-0.5917931 |
details, prediction |
True USD
TUSD
|
-0.4346152 |
details, prediction |
Telcoin
TEL
|
-0.2724722 |
details, prediction |
OriginTrail
TRAC
|
-0.101125 |
details, prediction |
|
Third tier
|
FunFair
FUN
|
-0.7816946 |
details, prediction |
Komodo
KMD
|
-0.28334466 |
details, prediction |
V Systems
VSYS
|
-0.15510474 |
details, prediction |
Matrix AI Network
MAN
|
0.11238278 |
details, prediction |
OPEN Platform
OPEN
|
0.21847828 |
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)