Highly correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
Ethereum Classic
ETC
|
0.83505535 |
details, prediction |
ZCash
ZEC
|
0.83202684 |
details, prediction |
Litecoin
LTC
|
0.7992912 |
details, prediction |
Dogecoin
DOGE
|
0.7707364 |
details, prediction |
XRP
XRP
|
0.7409977 |
details, prediction |
|
Second tier
|
0x
ZRX
|
0.9013811 |
details, prediction |
Siacoin
SC
|
0.89664215 |
details, prediction |
NEO
NEO
|
0.8958379 |
details, prediction |
Tezos
XTZ
|
0.89425933 |
details, prediction |
Theta Fuel
TFUEL
|
0.8851115 |
details, prediction |
|
Third tier
|
Steem
STEEM
|
0.9401804 |
details, prediction |
Power Ledger
POWR
|
0.9299181 |
details, prediction |
ARK
ARK
|
0.90585965 |
details, prediction |
Civic
CVC
|
0.87982464 |
details, prediction |
QuarkChain
QKC
|
0.85423416 |
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
|
0.22425608 |
details, prediction |
KuCoin Shares
KCS
|
0.4382988 |
details, prediction |
Stellar
XLM
|
0.53843933 |
details, prediction |
Cardano
ADA
|
0.5658436 |
details, prediction |
Bitcoin Cash
BCH
|
0.5773269 |
details, prediction |
|
Second tier
|
Ravencoin
RVN
|
-0.5230288 |
details, prediction |
USD//Coin
USDC
|
-0.37763402 |
details, prediction |
True USD
TUSD
|
-0.3414916 |
details, prediction |
Dai
DAI
|
-0.27695543 |
details, prediction |
aelf
ELF
|
-0.19248979 |
details, prediction |
|
Third tier
|
NKN
NKN
|
-0.54482174 |
details, prediction |
HEROcoin
PLAY
|
-0.5437232 |
details, prediction |
Matrix AI Network
MAN
|
-0.524776 |
details, prediction |
ICON
ICX
|
-0.47834834 |
details, prediction |
OPEN Platform
OPEN
|
-0.4450684 |
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)