Highly correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
Bitcoin
BTC
|
0.9011878 |
details, prediction |
XRP
XRP
|
0.8825446 |
details, prediction |
Ethereum
ETH
|
0.8641291 |
details, prediction |
Dogecoin
DOGE
|
0.8603504 |
details, prediction |
Binance Coin
BNB
|
0.85575396 |
details, prediction |
|
Second tier
|
Nexo
NEXO
|
0.9066877 |
details, prediction |
0x
ZRX
|
0.86697453 |
details, prediction |
Theta Fuel
TFUEL
|
0.86621815 |
details, prediction |
Vechain
VET
|
0.8652543 |
details, prediction |
QTUM
QTUM
|
0.864016 |
details, prediction |
|
Third tier
|
Ontology
ONT
|
0.93408036 |
details, prediction |
Gas
GAS
|
0.9147863 |
details, prediction |
PIVX
PIVX
|
0.9109964 |
details, prediction |
Bancor
BNT
|
0.8881958 |
details, prediction |
Stox
STX
|
0.8810633 |
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
|
TRON
TRX
|
0.081508175 |
details, prediction |
KuCoin Shares
KCS
|
0.68863237 |
details, prediction |
Stellar
XLM
|
0.69636893 |
details, prediction |
Cardano
ADA
|
0.7571196 |
details, prediction |
Litecoin
LTC
|
0.77859485 |
details, prediction |
|
Second tier
|
Ravencoin
RVN
|
-0.5278846 |
details, prediction |
USD//Coin
USDC
|
-0.317728 |
details, prediction |
True USD
TUSD
|
-0.26915482 |
details, prediction |
aelf
ELF
|
0.07523263 |
details, prediction |
Telcoin
TEL
|
0.32511425 |
details, prediction |
|
Third tier
|
OPEN Platform
OPEN
|
-0.7401427 |
details, prediction |
ICON
ICX
|
-0.71572447 |
details, prediction |
NKN
NKN
|
-0.6524892 |
details, prediction |
Matrix AI Network
MAN
|
-0.61222786 |
details, prediction |
Storj
STORJ
|
-0.5163316 |
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)