Highly correlated currencies
Coin |
Correlation |
Links |
First tier
|
TRON
TRX
|
0.95890224 |
details, prediction |
Ethereum Classic
ETC
|
0.9514403 |
details, prediction |
EOS
EOS
|
0.94895786 |
details, prediction |
IOTA
IOT
|
0.94301367 |
details, prediction |
DigiByte
DGB
|
0.93413335 |
details, prediction |
Second tier
|
Ontology
ONT
|
0.9664913 |
details, prediction |
Storj
STORJ
|
0.96492165 |
details, prediction |
Komodo
KMD
|
0.9641087 |
details, prediction |
Lisk
LSK
|
0.9591298 |
details, prediction |
Bytom
BTM
|
0.9586979 |
details, prediction |
Third tier
|
MediShares
MDS
|
0.9718185 |
details, prediction |
WaBi
WABI
|
0.95777076 |
details, prediction |
V Systems
VSYS
|
0.9551713 |
details, prediction |
GXChain
GXC
|
0.9539899 |
details, prediction |
Walton
WTC
|
0.95380884 |
details, prediction |
This report should be leaned to get most info about heading trends.
It means that Nebulas 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 Nebulas
Low correlated currencies
Coin |
Correlation |
Links |
First tier
|
XRP
XRP
|
0.4483133 |
details, prediction |
UNUS SED LEO
LEO
|
0.62263054 |
details, prediction |
Decred
DCR
|
0.65429646 |
details, prediction |
Fantom
FTM
|
0.67591953 |
details, prediction |
Crypto.com Chain
CRO
|
0.6909762 |
details, prediction |
Second tier
|
GlitzKoin
GTN
|
-0.29025394 |
details, prediction |
DxChain
DX
|
-0.15991893 |
details, prediction |
Dai
DAI
|
-0.03549676 |
details, prediction |
True USD
TUSD
|
0.029345859 |
details, prediction |
USD//Coin
USDC
|
0.047824457 |
details, prediction |
Third tier
|
CryptoPay
CPAY
|
-0.6836794 |
details, prediction |
Kleros
PNK
|
-0.6434078 |
details, prediction |
VIBEHub
VIBE
|
-0.6060412 |
details, prediction |
Dragon Coin
DRG
|
-0.52863353 |
details, prediction |
NAGA
NGC
|
-0.4289513 |
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)