Highly correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
XRP
XRP
|
0.87341315 |
details, prediction |
KuCoin Shares
KCS
|
0.81964344 |
details, prediction |
Binance Coin
BNB
|
0.81926113 |
details, prediction |
ZCash
ZEC
|
0.774069 |
details, prediction |
Bitcoin
BTC
|
0.74511176 |
details, prediction |
|
Second tier
|
Bitcoin Gold
BTG
|
0.79662484 |
details, prediction |
Status
SNT
|
0.7792144 |
details, prediction |
Theta Fuel
TFUEL
|
0.76138484 |
details, prediction |
IOTA
IOT
|
0.7598036 |
details, prediction |
Waves
WAVES
|
0.7586585 |
details, prediction |
|
Third tier
|
SysCoin
SYS
|
0.80874896 |
details, prediction |
Elastos
ELA
|
0.7917962 |
details, prediction |
Internet of Services
IOST
|
0.79126734 |
details, prediction |
Chronobank
TIME
|
0.7743422 |
details, prediction |
Stox
STX
|
0.770152 |
details, prediction |
This report should be leaned to get most info about heading trends.
It means that Dogecoin 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 Dogecoin
Low correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
TRON
TRX
|
-0.24825303 |
details, prediction |
UNUS SED LEO
LEO
|
0.2805216 |
details, prediction |
ChainLink
LINK
|
0.3528492 |
details, prediction |
Crypto.com Chain
CRO
|
0.4411595 |
details, prediction |
Stellar
XLM
|
0.6172204 |
details, prediction |
|
Second tier
|
Decred
DCR
|
-0.25417215 |
details, prediction |
Dai
DAI
|
0.07856094 |
details, prediction |
USD//Coin
USDC
|
0.21875596 |
details, prediction |
Cosmos
ATOM
|
0.24067882 |
details, prediction |
Vechain
VET
|
0.24457921 |
details, prediction |
|
Third tier
|
Dent
DENT
|
-0.21345672 |
details, prediction |
Ontology
ONT
|
-0.15788889 |
details, prediction |
Propy
PRO
|
-0.031211646 |
details, prediction |
OPEN Platform
OPEN
|
-0.029679714 |
details, prediction |
NKN
NKN
|
0.112232 |
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)