Highly correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
ZCash
ZEC
|
0.9300481 |
details, prediction |
Ethereum Classic
ETC
|
0.89707965 |
details, prediction |
Litecoin
LTC
|
0.89081275 |
details, prediction |
Binance Coin
BNB
|
0.86172307 |
details, prediction |
Bitcoin
BTC
|
0.85626185 |
details, prediction |
|
Second tier
|
0x
ZRX
|
0.9491776 |
details, prediction |
Siacoin
SC
|
0.93727916 |
details, prediction |
Theta
THETA
|
0.9360801 |
details, prediction |
Vechain
VET
|
0.93352354 |
details, prediction |
NEO
NEO
|
0.93016183 |
details, prediction |
|
Third tier
|
Power Ledger
POWR
|
0.96784437 |
details, prediction |
Steem
STEEM
|
0.9552683 |
details, prediction |
Civic
CVC
|
0.92240477 |
details, prediction |
Metal
MTL
|
0.91628397 |
details, prediction |
QuarkChain
QKC
|
0.9151266 |
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
|
0.15880994 |
details, prediction |
KuCoin Shares
KCS
|
0.6629217 |
details, prediction |
Bitcoin Cash
BCH
|
0.78090775 |
details, prediction |
Stellar
XLM
|
0.7892468 |
details, prediction |
Cardano
ADA
|
0.80237854 |
details, prediction |
|
Second tier
|
Ravencoin
RVN
|
-0.69257814 |
details, prediction |
USD//Coin
USDC
|
-0.39520532 |
details, prediction |
True USD
TUSD
|
-0.3536509 |
details, prediction |
aelf
ELF
|
0.09933875 |
details, prediction |
DigiByte
DGB
|
0.20531026 |
details, prediction |
|
Third tier
|
OPEN Platform
OPEN
|
-0.70651966 |
details, prediction |
ICON
ICX
|
-0.6800337 |
details, prediction |
HEROcoin
PLAY
|
-0.6229189 |
details, prediction |
Matrix AI Network
MAN
|
-0.5948805 |
details, prediction |
NKN
NKN
|
-0.5240626 |
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)