Highly correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
Dogecoin
DOGE
|
0.8062247 |
details, prediction |
XRP
XRP
|
0.7575713 |
details, prediction |
Ethereum Classic
ETC
|
0.742045 |
details, prediction |
Bitcoin
BTC
|
0.6748 |
details, prediction |
Binance Coin
BNB
|
0.6288171 |
details, prediction |
|
Second tier
|
Nexo
NEXO
|
0.8486071 |
details, prediction |
Verge
XVG
|
0.7819633 |
details, prediction |
IOTA
IOT
|
0.77605844 |
details, prediction |
OriginTrail
TRAC
|
0.75270486 |
details, prediction |
Theta Fuel
TFUEL
|
0.7473258 |
details, prediction |
|
Third tier
|
Ontology
ONT
|
0.870222 |
details, prediction |
Stox
STX
|
0.8486905 |
details, prediction |
Gas
GAS
|
0.82295144 |
details, prediction |
PIVX
PIVX
|
0.80273926 |
details, prediction |
BABB
BAX
|
0.75580215 |
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
|
0.06094202 |
details, prediction |
Cardano
ADA
|
0.41119978 |
details, prediction |
Monero
XMR
|
0.49434784 |
details, prediction |
Litecoin
LTC
|
0.5034822 |
details, prediction |
Stellar
XLM
|
0.5151811 |
details, prediction |
|
Second tier
|
USD//Coin
USDC
|
-0.21459644 |
details, prediction |
Ravencoin
RVN
|
-0.17160465 |
details, prediction |
True USD
TUSD
|
-0.16841763 |
details, prediction |
aelf
ELF
|
-0.16059186 |
details, prediction |
Dai
DAI
|
-0.032237787 |
details, prediction |
|
Third tier
|
NKN
NKN
|
-0.6992035 |
details, prediction |
Matrix AI Network
MAN
|
-0.47952113 |
details, prediction |
OPEN Platform
OPEN
|
-0.3901333 |
details, prediction |
ICON
ICX
|
-0.38673237 |
details, prediction |
Constellation
DAG
|
-0.23010017 |
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)