Highly correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
ZCash
ZEC
|
0.17947015 |
details, prediction |
KuCoin Shares
KCS
|
0.07595774 |
details, prediction |
TRON
TRX
|
0.05797075 |
details, prediction |
Monero
XMR
|
0.04208972 |
details, prediction |
Ethereum
ETH
|
0.030188262 |
details, prediction |
|
Second tier
|
Bitcoin SV
BSV
|
0.26309812 |
details, prediction |
DASH
DASH
|
0.1536027 |
details, prediction |
True USD
TUSD
|
0.10136155 |
details, prediction |
USD//Coin
USDC
|
0.09592551 |
details, prediction |
HoloToken
HOT
|
0.063948736 |
details, prediction |
|
Third tier
|
Propy
PRO
|
0.46372753 |
details, prediction |
SysCoin
SYS
|
0.18833363 |
details, prediction |
Phantasma
SOUL
|
0.18776506 |
details, prediction |
Constellation
DAG
|
0.10644034 |
details, prediction |
Hydro Protocol
HOT
|
0.055474076 |
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
|
Dogecoin
DOGE
|
-0.17297211 |
details, prediction |
Binance Coin
BNB
|
-0.17295524 |
details, prediction |
Crypto.com Chain
CRO
|
-0.15235828 |
details, prediction |
Stellar
XLM
|
-0.13019383 |
details, prediction |
Ethereum Classic
ETC
|
-0.07228258 |
details, prediction |
|
Second tier
|
Ardor
ARDR
|
-0.3926994 |
details, prediction |
IOTA
IOT
|
-0.3004139 |
details, prediction |
OriginTrail
TRAC
|
-0.28563827 |
details, prediction |
Basic Attention Token
BAT
|
-0.2664225 |
details, prediction |
iEx.ec
RLC
|
-0.24791363 |
details, prediction |
|
Third tier
|
HEROcoin
PLAY
|
-0.34389496 |
details, prediction |
FunFair
FUN
|
-0.27202272 |
details, prediction |
SingularityNET
AGI
|
-0.2642205 |
details, prediction |
Kambria
KAT
|
-0.24892437 |
details, prediction |
IoTeX
IOTX
|
-0.24227256 |
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)