Highly correlated currencies
Coin |
Correlation |
Links |
First tier
|
Fantom
FTM
|
0.9305034 |
details, prediction |
Vechain
VET
|
0.91029704 |
details, prediction |
Bitcoin SV
BSV
|
0.9061628 |
details, prediction |
NEO
NEO
|
0.89323735 |
details, prediction |
Litecoin
LTC
|
0.8895957 |
details, prediction |
Second tier
|
Verge
XVG
|
0.9502985 |
details, prediction |
Decred
DCR
|
0.933864 |
details, prediction |
Waves
WAVES
|
0.9286285 |
details, prediction |
Lisk
LSK
|
0.9231592 |
details, prediction |
NEM
XEM
|
0.9163884 |
details, prediction |
Third tier
|
OneRoot Network
RNT
|
0.97643155 |
details, prediction |
ugChain
UGC
|
0.962766 |
details, prediction |
Eternal token
XET
|
0.947427 |
details, prediction |
QASH
QASH
|
0.9414785 |
details, prediction |
Crypviser
CVCOIN
|
0.94039935 |
details, prediction |
This report should be leaned to get most info about heading trends.
It means that KickCoin 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 KickCoin
Low correlated currencies
Coin |
Correlation |
Links |
First tier
|
USD//Coin
USDC
|
0.26947412 |
details, prediction |
Tezos
XTZ
|
0.44913483 |
details, prediction |
SONM
SNM
|
0.49091068 |
details, prediction |
Matic Network
MATIC
|
0.49944353 |
details, prediction |
KuCoin Shares
KCS
|
0.52313954 |
details, prediction |
Second tier
|
Synthetix Network Token
SNX
|
-0.7048517 |
details, prediction |
FTX Token
FTT
|
-0.5686497 |
details, prediction |
Ocean Protocol
OCEAN
|
-0.44244322 |
details, prediction |
SwissBorg
CHSB
|
-0.3870075 |
details, prediction |
HedgeTrade
HEDG
|
-0.3013166 |
details, prediction |
Third tier
|
Winchain
WIN
|
-0.9209426 |
details, prediction |
Blue Whale
BWX
|
-0.8440758 |
details, prediction |
Seele
SEELE
|
-0.8240417 |
details, prediction |
The Hempcoin
THC
|
-0.8185822 |
details, prediction |
BipCoin
BIP
|
-0.81051725 |
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)