Highly correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
Bitcoin Cash
BCH
|
0.4460327 |
details, prediction |
Dogecoin
DOGE
|
0.36364442 |
details, prediction |
Cardano
ADA
|
0.31186187 |
details, prediction |
Ethereum Classic
ETC
|
0.29554212 |
details, prediction |
ZCash
ZEC
|
0.09834099 |
details, prediction |
|
Second tier
|
Basic Attention Token
BAT
|
0.6922577 |
details, prediction |
Zilliqa
ZIL
|
0.6589944 |
details, prediction |
iEx.ec
RLC
|
0.65459436 |
details, prediction |
Waves
WAVES
|
0.6066206 |
details, prediction |
Decentraland
MANA
|
0.5582979 |
details, prediction |
|
Third tier
|
Elastos
ELA
|
0.73135465 |
details, prediction |
Loopring
LRC
|
0.5902201 |
details, prediction |
Civic
CVC
|
0.585484 |
details, prediction |
IoTeX
IOTX
|
0.5830395 |
details, prediction |
ICON
ICX
|
0.572774 |
details, prediction |
This report should be leaned to get most info about heading trends.
It means that Kyber Network 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 Kyber Network
Low correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
UNUS SED LEO
LEO
|
-0.3851442 |
details, prediction |
Crypto.com Chain
CRO
|
-0.28959963 |
details, prediction |
Ethereum
ETH
|
-0.28517425 |
details, prediction |
Stellar
XLM
|
-0.17537428 |
details, prediction |
TRON
TRX
|
-0.14715688 |
details, prediction |
|
Second tier
|
Decred
DCR
|
-0.322801 |
details, prediction |
Bitcoin SV
BSV
|
-0.16323581 |
details, prediction |
Bitcoin Gold
BTG
|
-0.122489855 |
details, prediction |
Algorand
ALGO
|
-0.115989044 |
details, prediction |
DigiByte
DGB
|
-0.09530118 |
details, prediction |
|
Third tier
|
Steem
STEEM
|
-0.32662785 |
details, prediction |
BABB
BAX
|
-0.3220802 |
details, prediction |
V Systems
VSYS
|
-0.30954745 |
details, prediction |
Ontology
ONT
|
-0.2999607 |
details, prediction |
Matrix AI Network
MAN
|
-0.22438763 |
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)