Highly correlated currencies
Coin |
Correlation |
Links |
First tier
|
Vechain
VET
|
0.5303282 |
details, prediction |
Cardano
ADA
|
0.49439865 |
details, prediction |
Binance Coin
BNB
|
0.48052722 |
details, prediction |
Theta
THETA
|
0.4587712 |
details, prediction |
Ethereum
ETH
|
0.4136637 |
details, prediction |
Second tier
|
aelf
ELF
|
0.5945758 |
details, prediction |
DigiByte
DGB
|
0.56850195 |
details, prediction |
NEM
XEM
|
0.5563234 |
details, prediction |
ICON
ICX
|
0.54439443 |
details, prediction |
Ontology
ONT
|
0.53341335 |
details, prediction |
Third tier
|
SIX
SIX
|
0.8252899 |
details, prediction |
Nebulas
NAS
|
0.76460814 |
details, prediction |
DAPS Token
DAPS
|
0.74934036 |
details, prediction |
Loyalcoin
LYL
|
0.71955514 |
details, prediction |
Elastos
ELA
|
0.6596697 |
details, prediction |
This report should be leaned to get most info about heading trends.
It means that Cyber Music 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 Cyber Music
Low correlated currencies
Coin |
Correlation |
Links |
First tier
|
USD//Coin
USDC
|
-0.48719716 |
details, prediction |
ChainLink
LINK
|
-0.41700986 |
details, prediction |
XRP
XRP
|
-0.31381333 |
details, prediction |
Stellar
XLM
|
-0.3036545 |
details, prediction |
SONM
SNM
|
-0.18895553 |
details, prediction |
Second tier
|
Quant Network
QNT
|
-0.503123 |
details, prediction |
Ravencoin
RVN
|
-0.29494178 |
details, prediction |
Tezos
XTZ
|
-0.28646252 |
details, prediction |
Nexo
NEXO
|
-0.2735604 |
details, prediction |
Bitcoin Gold
BTG
|
-0.26641703 |
details, prediction |
Third tier
|
Republic protocol
REN
|
-0.54638815 |
details, prediction |
Spectre.ai Dividend Token
SXDT
|
-0.5047967 |
details, prediction |
EarthCoin
EAC
|
-0.48304605 |
details, prediction |
COSS
COSS
|
-0.480373 |
details, prediction |
OneRoot Network
RNT
|
-0.46407765 |
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)