Highly correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
Cardano
ADA
|
0.9514688 |
details, prediction |
Ethereum Classic
ETC
|
0.93209505 |
details, prediction |
Litecoin
LTC
|
0.91254216 |
details, prediction |
Stellar
XLM
|
0.9076622 |
details, prediction |
ZCash
ZEC
|
0.90500504 |
details, prediction |
|
Second tier
|
iEx.ec
RLC
|
0.9871197 |
details, prediction |
Telcoin
TEL
|
0.9866631 |
details, prediction |
Loopring
LRC
|
0.98538613 |
details, prediction |
QTUM
QTUM
|
0.9848022 |
details, prediction |
Basic Attention Token
BAT
|
0.98445827 |
details, prediction |
|
Third tier
|
ICON
ICX
|
0.9904878 |
details, prediction |
Dent
DENT
|
0.98829156 |
details, prediction |
IoTeX
IOTX
|
0.9847018 |
details, prediction |
Storj
STORJ
|
0.9834148 |
details, prediction |
Bancor
BNT
|
0.98196936 |
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
|
TRON
TRX
|
-0.3887429 |
details, prediction |
Binance Coin
BNB
|
0.13783985 |
details, prediction |
Dogecoin
DOGE
|
0.41164327 |
details, prediction |
UNUS SED LEO
LEO
|
0.62260973 |
details, prediction |
XRP
XRP
|
0.6884212 |
details, prediction |
|
Second tier
|
Dai
DAI
|
-0.6068338 |
details, prediction |
True USD
TUSD
|
-0.20590201 |
details, prediction |
Zilliqa
ZIL
|
0.16184653 |
details, prediction |
Verge
XVG
|
0.19043882 |
details, prediction |
Decred
DCR
|
0.3655913 |
details, prediction |
|
Third tier
|
HEROcoin
PLAY
|
-0.77077705 |
details, prediction |
Constellation
DAG
|
-0.59101826 |
details, prediction |
Dero
DERO
|
-0.15079504 |
details, prediction |
BOScoin
BOS
|
-0.10620208 |
details, prediction |
Elastos
ELA
|
0.47576126 |
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)