Highly correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
Bitcoin Cash
BCH
|
0.8358766 |
details, prediction |
KuCoin Shares
KCS
|
0.7956623 |
details, prediction |
Ethereum Classic
ETC
|
0.69591516 |
details, prediction |
Crypto.com Chain
CRO
|
0.6937097 |
details, prediction |
Cardano
ADA
|
0.6794211 |
details, prediction |
|
Second tier
|
Bitcoin Gold
BTG
|
0.8630105 |
details, prediction |
Basic Attention Token
BAT
|
0.8600371 |
details, prediction |
Waves
WAVES
|
0.8529525 |
details, prediction |
FTX Token
FTT
|
0.822446 |
details, prediction |
Status
SNT
|
0.81997055 |
details, prediction |
|
Third tier
|
SingularityNET
AGI
|
0.8815702 |
details, prediction |
Elastos
ELA
|
0.87777555 |
details, prediction |
IoTeX
IOTX
|
0.8270673 |
details, prediction |
Civic
CVC
|
0.81802 |
details, prediction |
ICON
ICX
|
0.79796857 |
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
|
-0.47415575 |
details, prediction |
UNUS SED LEO
LEO
|
-0.3520997 |
details, prediction |
ZCash
ZEC
|
0.02975076 |
details, prediction |
Ethereum
ETH
|
0.06357521 |
details, prediction |
Bitcoin
BTC
|
0.15458538 |
details, prediction |
|
Second tier
|
Decred
DCR
|
-0.42636558 |
details, prediction |
Nexo
NEXO
|
-0.3913237 |
details, prediction |
Bitcoin SV
BSV
|
-0.1835789 |
details, prediction |
Algorand
ALGO
|
-0.14774182 |
details, prediction |
HoloToken
HOT
|
0.009849655 |
details, prediction |
|
Third tier
|
Ontology
ONT
|
-0.46085486 |
details, prediction |
Steem
STEEM
|
-0.3673596 |
details, prediction |
V Systems
VSYS
|
-0.36462265 |
details, prediction |
Propy
PRO
|
-0.3276115 |
details, prediction |
OPEN Platform
OPEN
|
-0.23792945 |
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)