Highly correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
XRP
XRP
|
0.9184743 |
details, prediction |
Bitcoin Cash
BCH
|
0.90060073 |
details, prediction |
Dogecoin
DOGE
|
0.8685639 |
details, prediction |
Cardano
ADA
|
0.86220306 |
details, prediction |
Ethereum Classic
ETC
|
0.8592084 |
details, prediction |
|
Second tier
|
Ravencoin
RVN
|
0.9753641 |
details, prediction |
Theta
THETA
|
0.96725976 |
details, prediction |
Theta Fuel
TFUEL
|
0.95842075 |
details, prediction |
Chiliz
CHZ
|
0.9573915 |
details, prediction |
Waves
WAVES
|
0.9462104 |
details, prediction |
|
Third tier
|
Steem
STEEM
|
0.96449906 |
details, prediction |
ARK
ARK
|
0.9615817 |
details, prediction |
LAToken
LA
|
0.9612107 |
details, prediction |
Lisk
LSK
|
0.9595421 |
details, prediction |
Civic
CVC
|
0.95556855 |
details, prediction |
This report should be leaned to get most info about heading trends.
It means that SingularityNET 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 SingularityNET
Low correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
ZCash
ZEC
|
-0.2578352 |
details, prediction |
TRON
TRX
|
-0.16931862 |
details, prediction |
Stellar
XLM
|
-0.08184824 |
details, prediction |
Monero
XMR
|
0.5546209 |
details, prediction |
ChainLink
LINK
|
0.58528817 |
details, prediction |
|
Second tier
|
USD//Coin
USDC
|
-0.9509776 |
details, prediction |
Dai
DAI
|
-0.92214936 |
details, prediction |
True USD
TUSD
|
-0.6262448 |
details, prediction |
Telcoin
TEL
|
0.28648558 |
details, prediction |
OriginTrail
TRAC
|
0.3305981 |
details, prediction |
|
Third tier
|
V Systems
VSYS
|
-0.59039444 |
details, prediction |
Matrix AI Network
MAN
|
-0.4035375 |
details, prediction |
Propy
PRO
|
-0.34605435 |
details, prediction |
Phantasma
SOUL
|
-0.063295215 |
details, prediction |
NKN
NKN
|
0.20341732 |
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)