Highly correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
Bitcoin
BTC
|
0.8651817 |
details, prediction |
Cardano
ADA
|
0.86072904 |
details, prediction |
Monero
XMR
|
0.8569127 |
details, prediction |
XRP
XRP
|
0.8277427 |
details, prediction |
Litecoin
LTC
|
0.81348777 |
details, prediction |
|
Second tier
|
Tezos
XTZ
|
0.88680184 |
details, prediction |
Telcoin
TEL
|
0.87622905 |
details, prediction |
Synthetix Network Token
SNX
|
0.8757156 |
details, prediction |
Bitcoin Gold
BTG
|
0.87318784 |
details, prediction |
OriginTrail
TRAC
|
0.855258 |
details, prediction |
|
Third tier
|
Chronobank
TIME
|
0.89506936 |
details, prediction |
Stox
STX
|
0.88657516 |
details, prediction |
SysCoin
SYS
|
0.8726413 |
details, prediction |
QuarkChain
QKC
|
0.8704426 |
details, prediction |
Matrix AI Network
MAN
|
0.85974056 |
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
|
TRON
TRX
|
-0.5979341 |
details, prediction |
UNUS SED LEO
LEO
|
0.50416666 |
details, prediction |
Bitcoin Cash
BCH
|
0.60203964 |
details, prediction |
ChainLink
LINK
|
0.603279 |
details, prediction |
Crypto.com Chain
CRO
|
0.6830084 |
details, prediction |
|
Second tier
|
Dai
DAI
|
-0.27061608 |
details, prediction |
True USD
TUSD
|
0.04502498 |
details, prediction |
Decred
DCR
|
0.07994626 |
details, prediction |
Nexo
NEXO
|
0.3211646 |
details, prediction |
USD//Coin
USDC
|
0.4843075 |
details, prediction |
|
Third tier
|
Ontology
ONT
|
-0.36272916 |
details, prediction |
NKN
NKN
|
-0.12971757 |
details, prediction |
OPEN Platform
OPEN
|
-0.06676317 |
details, prediction |
Dent
DENT
|
0.07795267 |
details, prediction |
Propy
PRO
|
0.16658752 |
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)