Highly correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
Ethereum
ETH
|
0.7508847 |
details, prediction |
Monero
XMR
|
0.7291655 |
details, prediction |
ChainLink
LINK
|
0.70887846 |
details, prediction |
Bitcoin
BTC
|
0.6837875 |
details, prediction |
Binance Coin
BNB
|
0.6754145 |
details, prediction |
|
Second tier
|
Decred
DCR
|
0.7084092 |
details, prediction |
Bitcoin SV
BSV
|
0.56766164 |
details, prediction |
OriginTrail
TRAC
|
0.53234047 |
details, prediction |
Vechain
VET
|
0.5269707 |
details, prediction |
Theta
THETA
|
0.51206017 |
details, prediction |
|
Third tier
|
V Systems
VSYS
|
0.74544036 |
details, prediction |
AdEx
ADX
|
0.63780254 |
details, prediction |
Bancor
BNT
|
0.6246306 |
details, prediction |
Dent
DENT
|
0.60800225 |
details, prediction |
Achain
ACT
|
0.53494245 |
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
|
-0.09774235 |
details, prediction |
KuCoin Shares
KCS
|
0.005536222 |
details, prediction |
Ethereum Classic
ETC
|
0.2778478 |
details, prediction |
TRON
TRX
|
0.30043295 |
details, prediction |
Bitcoin Cash
BCH
|
0.3863838 |
details, prediction |
|
Second tier
|
Telcoin
TEL
|
-0.747286 |
details, prediction |
Chiliz
CHZ
|
-0.7457258 |
details, prediction |
Ravencoin
RVN
|
-0.6532352 |
details, prediction |
True USD
TUSD
|
-0.53870744 |
details, prediction |
USD//Coin
USDC
|
-0.52514917 |
details, prediction |
|
Third tier
|
Storj
STORJ
|
-0.8148165 |
details, prediction |
PIVX
PIVX
|
-0.7721724 |
details, prediction |
ICON
ICX
|
-0.7433238 |
details, prediction |
Matrix AI Network
MAN
|
-0.70192486 |
details, prediction |
BABB
BAX
|
-0.62313664 |
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)