Highly correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
Cardano
ADA
|
0.7433573 |
details, prediction |
Matic Network
MATIC
|
0.7075137 |
details, prediction |
SONM
SNM
|
0.69438213 |
details, prediction |
Stellar
XLM
|
0.67501175 |
details, prediction |
Maker
MKR
|
0.6513967 |
details, prediction |
|
Second tier
|
Zilliqa
ZIL
|
0.71408415 |
details, prediction |
Theta
THETA
|
0.70044124 |
details, prediction |
IOTA
IOT
|
0.6995859 |
details, prediction |
Ocean Protocol
OCEAN
|
0.69387406 |
details, prediction |
OriginTrail
TRAC
|
0.69085246 |
details, prediction |
|
Third tier
|
Dreamscape
DSC
|
0.95045096 |
details, prediction |
VestChain
VEST
|
0.86839175 |
details, prediction |
Internet of Services
IOST
|
0.7684408 |
details, prediction |
Dent
DENT
|
0.7484551 |
details, prediction |
Refereum
RFR
|
0.7419479 |
details, prediction |
This report should be leaned to get most info about heading trends.
It means that Neurochain 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 Neurochain
Low correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
UNUS SED LEO
LEO
|
-0.54361355 |
details, prediction |
Dogecoin
DOGE
|
-0.04290061 |
details, prediction |
Fantom
FTM
|
0.36447313 |
details, prediction |
XRP
XRP
|
0.38692603 |
details, prediction |
Ethereum Classic
ETC
|
0.47256255 |
details, prediction |
|
Second tier
|
FTX Token
FTT
|
0.069146045 |
details, prediction |
Waves
WAVES
|
0.07888118 |
details, prediction |
Power Ledger
POWR
|
0.092471786 |
details, prediction |
Paxos Standard
PAX
|
0.19811575 |
details, prediction |
Cosmos
ATOM
|
0.2217657 |
details, prediction |
|
Third tier
|
Seele
SEELE
|
-0.49668458 |
details, prediction |
Kyber Network
KNC
|
-0.48744303 |
details, prediction |
SmartMesh
SMT
|
-0.48130408 |
details, prediction |
AventCoin
AVT
|
-0.48071 |
details, prediction |
QASH
QASH
|
-0.3943491 |
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)