Highly correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
ZCash
ZEC
|
0.17546469 |
details, prediction |
TRON
TRX
|
0.1091797 |
details, prediction |
KuCoin Shares
KCS
|
0.047517695 |
details, prediction |
Ethereum
ETH
|
0.034925222 |
details, prediction |
Monero
XMR
|
0.014218984 |
details, prediction |
|
Second tier
|
Bitcoin SV
BSV
|
0.2956961 |
details, prediction |
True USD
TUSD
|
0.27391177 |
details, prediction |
USD//Coin
USDC
|
0.23645394 |
details, prediction |
HoloToken
HOT
|
0.1039826 |
details, prediction |
Dai
DAI
|
0.019670526 |
details, prediction |
|
Third tier
|
Propy
PRO
|
0.48975685 |
details, prediction |
Phantasma
SOUL
|
0.33079708 |
details, prediction |
SysCoin
SYS
|
0.15325166 |
details, prediction |
Constellation
DAG
|
0.14747529 |
details, prediction |
Hydro Protocol
HOT
|
0.11011576 |
details, prediction |
This report should be leaned to get most info about heading trends.
It means that Matrix AI 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 Matrix AI Network
Low correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
Binance Coin
BNB
|
-0.23050605 |
details, prediction |
Dogecoin
DOGE
|
-0.20829001 |
details, prediction |
Stellar
XLM
|
-0.1758926 |
details, prediction |
Ethereum Classic
ETC
|
-0.123627536 |
details, prediction |
XRP
XRP
|
-0.10735264 |
details, prediction |
|
Second tier
|
Ardor
ARDR
|
-0.4324995 |
details, prediction |
OriginTrail
TRAC
|
-0.35554087 |
details, prediction |
IOTA
IOT
|
-0.3189675 |
details, prediction |
Basic Attention Token
BAT
|
-0.2941263 |
details, prediction |
iEx.ec
RLC
|
-0.28329274 |
details, prediction |
|
Third tier
|
HEROcoin
PLAY
|
-0.4506521 |
details, prediction |
SingularityNET
AGI
|
-0.4035375 |
details, prediction |
Dent
DENT
|
-0.3662774 |
details, prediction |
BABB
BAX
|
-0.30642956 |
details, prediction |
Stox
STX
|
-0.3043341 |
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)