Highly correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
ChainLink
LINK
|
0.92204833 |
details, prediction |
XRP
XRP
|
0.9071321 |
details, prediction |
Binance Coin
BNB
|
0.90197176 |
details, prediction |
KuCoin Shares
KCS
|
0.9003221 |
details, prediction |
Stellar
XLM
|
0.8905964 |
details, prediction |
|
Second tier
|
Chiliz
CHZ
|
0.9317802 |
details, prediction |
MonaCoin
MONA
|
0.9175465 |
details, prediction |
SwissBorg
CHSB
|
0.9155755 |
details, prediction |
Decred
DCR
|
0.9152493 |
details, prediction |
Aragon
ANT
|
0.9128366 |
details, prediction |
|
Third tier
|
Seele
SEELE
|
0.9374319 |
details, prediction |
NKN
NKN
|
0.93665427 |
details, prediction |
Streamr DATAcoin
DATA
|
0.9365386 |
details, prediction |
Dock.io
DOCK
|
0.9331674 |
details, prediction |
Bluzelle
BLZ
|
0.93229836 |
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
|
Matic Network
MATIC
|
-0.3566268 |
details, prediction |
SONM
SNM
|
0.13562578 |
details, prediction |
Cardano
ADA
|
0.69068253 |
details, prediction |
UNUS SED LEO
LEO
|
0.71336013 |
details, prediction |
Bitcoin
BTC
|
0.82812405 |
details, prediction |
|
Second tier
|
Dai
DAI
|
0.04411991 |
details, prediction |
XYO Network
XYO
|
0.24120168 |
details, prediction |
USD//Coin
USDC
|
0.24243113 |
details, prediction |
True USD
TUSD
|
0.25339177 |
details, prediction |
Paxos Standard
PAX
|
0.28864935 |
details, prediction |
|
Third tier
|
STASIS EURS
EURS
|
-0.4429706 |
details, prediction |
Tidex Token
TDX
|
-0.39079416 |
details, prediction |
Gulden
NLG
|
-0.32916906 |
details, prediction |
BURST
BURST
|
-0.26543853 |
details, prediction |
Chronobank
TIME
|
-0.1454944 |
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)