Highly correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
Cardano
ADA
|
0.93912315 |
details, prediction |
Ethereum Classic
ETC
|
0.9375612 |
details, prediction |
Stellar
XLM
|
0.931612 |
details, prediction |
Bitcoin Cash
BCH
|
0.9315597 |
details, prediction |
Litecoin
LTC
|
0.9217176 |
details, prediction |
|
Second tier
|
Telcoin
TEL
|
0.9866631 |
details, prediction |
Basic Attention Token
BAT
|
0.9848002 |
details, prediction |
iEx.ec
RLC
|
0.9831303 |
details, prediction |
Loopring
LRC
|
0.98263085 |
details, prediction |
QTUM
QTUM
|
0.9814039 |
details, prediction |
|
Third tier
|
ICON
ICX
|
0.98801696 |
details, prediction |
Dent
DENT
|
0.9867651 |
details, prediction |
Lisk
LSK
|
0.98325044 |
details, prediction |
IoTeX
IOTX
|
0.9814848 |
details, prediction |
Phantasma
SOUL
|
0.9797749 |
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
|
-0.47576416 |
details, prediction |
Binance Coin
BNB
|
-0.2239187 |
details, prediction |
Dogecoin
DOGE
|
0.261023 |
details, prediction |
XRP
XRP
|
0.54935545 |
details, prediction |
KuCoin Shares
KCS
|
0.75602144 |
details, prediction |
|
Second tier
|
Dai
DAI
|
-0.61931753 |
details, prediction |
True USD
TUSD
|
-0.35654724 |
details, prediction |
Zilliqa
ZIL
|
0.17046843 |
details, prediction |
Verge
XVG
|
0.18754607 |
details, prediction |
Ardor
ARDR
|
0.30904377 |
details, prediction |
|
Third tier
|
HEROcoin
PLAY
|
-0.77077705 |
details, prediction |
Constellation
DAG
|
-0.59101826 |
details, prediction |
Dero
DERO
|
-0.23953937 |
details, prediction |
BOScoin
BOS
|
-0.10620208 |
details, prediction |
Elastos
ELA
|
0.3318962 |
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)