Highly correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
Bitcoin Cash
BCH
|
0.90148443 |
details, prediction |
Crypto.com Chain
CRO
|
0.61504555 |
details, prediction |
Litecoin
LTC
|
0.6064812 |
details, prediction |
Cardano
ADA
|
0.45476705 |
details, prediction |
XRP
XRP
|
0.3794161 |
details, prediction |
|
Second tier
|
aelf
ELF
|
0.88071716 |
details, prediction |
Waves
WAVES
|
0.82715625 |
details, prediction |
Theta Fuel
TFUEL
|
0.6868923 |
details, prediction |
Decred
DCR
|
0.67931694 |
details, prediction |
Verge
XVG
|
0.656677 |
details, prediction |
|
Third tier
|
LAToken
LA
|
0.9646357 |
details, prediction |
SysCoin
SYS
|
0.9567669 |
details, prediction |
Steem
STEEM
|
0.83721995 |
details, prediction |
PIVX
PIVX
|
0.8309236 |
details, prediction |
BABB
BAX
|
0.782282 |
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
|
-0.86922765 |
details, prediction |
TRON
TRX
|
-0.68924546 |
details, prediction |
Monero
XMR
|
-0.59260803 |
details, prediction |
Dogecoin
DOGE
|
-0.5868159 |
details, prediction |
Ethereum Classic
ETC
|
-0.47652173 |
details, prediction |
|
Second tier
|
OriginTrail
TRAC
|
-0.76473886 |
details, prediction |
Telcoin
TEL
|
-0.6806553 |
details, prediction |
Cosmos
ATOM
|
-0.6163438 |
details, prediction |
FTX Token
FTT
|
-0.58029014 |
details, prediction |
DASH
DASH
|
-0.5756009 |
details, prediction |
|
Third tier
|
V Systems
VSYS
|
-0.6847308 |
details, prediction |
Constellation
DAG
|
-0.6388087 |
details, prediction |
Bancor
BNT
|
-0.51500833 |
details, prediction |
Storj
STORJ
|
-0.5130362 |
details, prediction |
HEROcoin
PLAY
|
-0.44161448 |
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)