Highly correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
Ethereum Classic
ETC
|
0.32434052 |
details, prediction |
KuCoin Shares
KCS
|
0.24122581 |
details, prediction |
XRP
XRP
|
0.22114806 |
details, prediction |
Stellar
XLM
|
0.20303309 |
details, prediction |
Bitcoin Cash
BCH
|
0.19886428 |
details, prediction |
|
Second tier
|
aelf
ELF
|
0.46553996 |
details, prediction |
Status
SNT
|
0.43072057 |
details, prediction |
Crypto.com Chain
CRO
|
0.42072374 |
details, prediction |
Zilliqa
ZIL
|
0.37568986 |
details, prediction |
Ravencoin
RVN
|
0.37496516 |
details, prediction |
|
Third tier
|
Storj
STORJ
|
0.42835665 |
details, prediction |
ICON
ICX
|
0.41085425 |
details, prediction |
Propy
PRO
|
0.37900144 |
details, prediction |
Electroneum
ETN
|
0.3764709 |
details, prediction |
Phantasma
SOUL
|
0.36338836 |
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
|
Monero
XMR
|
-0.48625627 |
details, prediction |
ChainLink
LINK
|
-0.48435274 |
details, prediction |
Ethereum
ETH
|
-0.21341383 |
details, prediction |
Binance Coin
BNB
|
-0.20438163 |
details, prediction |
ZCash
ZEC
|
-0.019393697 |
details, prediction |
|
Second tier
|
DigiByte
DGB
|
-0.40280333 |
details, prediction |
Bitcoin SV
BSV
|
-0.15625915 |
details, prediction |
Bitcoin Gold
BTG
|
-0.094913326 |
details, prediction |
Decred
DCR
|
-0.06402291 |
details, prediction |
Ardor
ARDR
|
-0.008811397 |
details, prediction |
|
Third tier
|
V Systems
VSYS
|
-0.29449794 |
details, prediction |
AdEx
ADX
|
-0.24638338 |
details, prediction |
Dero
DERO
|
-0.1659181 |
details, prediction |
NKN
NKN
|
-0.15573865 |
details, prediction |
Achain
ACT
|
-0.102031104 |
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)