Highly correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
Bitcoin Cash
BCH
|
0.9682527 |
details, prediction |
Litecoin
LTC
|
0.9420855 |
details, prediction |
Ethereum
ETH
|
0.937904 |
details, prediction |
Crypto.com Chain
CRO
|
0.927733 |
details, prediction |
XRP
XRP
|
0.9267843 |
details, prediction |
|
Second tier
|
Vechain
VET
|
0.9729941 |
details, prediction |
Decred
DCR
|
0.9729803 |
details, prediction |
Ravencoin
RVN
|
0.9719796 |
details, prediction |
Theta Fuel
TFUEL
|
0.9706629 |
details, prediction |
Waves
WAVES
|
0.9678353 |
details, prediction |
|
Third tier
|
LAToken
LA
|
0.98820734 |
details, prediction |
Steem
STEEM
|
0.9767526 |
details, prediction |
SysCoin
SYS
|
0.97609127 |
details, prediction |
Gas
GAS
|
0.97240794 |
details, prediction |
Lisk
LSK
|
0.9694092 |
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
|
-0.56541353 |
details, prediction |
Stellar
XLM
|
-0.5549302 |
details, prediction |
TRON
TRX
|
-0.2918802 |
details, prediction |
Monero
XMR
|
0.437256 |
details, prediction |
Binance Coin
BNB
|
0.44902703 |
details, prediction |
|
Second tier
|
USD//Coin
USDC
|
-0.7765871 |
details, prediction |
Dai
DAI
|
-0.6959985 |
details, prediction |
True USD
TUSD
|
-0.5749892 |
details, prediction |
Telcoin
TEL
|
-0.51224214 |
details, prediction |
OriginTrail
TRAC
|
-0.13844776 |
details, prediction |
|
Third tier
|
V Systems
VSYS
|
-0.546786 |
details, prediction |
FunFair
FUN
|
-0.3978106 |
details, prediction |
Komodo
KMD
|
-0.39195403 |
details, prediction |
Matrix AI Network
MAN
|
-0.2642205 |
details, prediction |
Chronobank
TIME
|
-0.24832638 |
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)