Highly correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
Litecoin
LTC
|
0.9504197 |
details, prediction |
Ethereum Classic
ETC
|
0.93517584 |
details, prediction |
Cardano
ADA
|
0.92880386 |
details, prediction |
KuCoin Shares
KCS
|
0.91805214 |
details, prediction |
ChainLink
LINK
|
0.90913767 |
details, prediction |
|
Second tier
|
QTUM
QTUM
|
0.9561306 |
details, prediction |
Decentraland
MANA
|
0.95380783 |
details, prediction |
Status
SNT
|
0.953579 |
details, prediction |
Bitcoin SV
BSV
|
0.9267 |
details, prediction |
Zilliqa
ZIL
|
0.925289 |
details, prediction |
|
Third tier
|
Power Ledger
POWR
|
0.95466805 |
details, prediction |
Internet of Services
IOST
|
0.9499768 |
details, prediction |
Civic
CVC
|
0.9485968 |
details, prediction |
Gas
GAS
|
0.92286074 |
details, prediction |
QuarkChain
QKC
|
0.9181833 |
details, prediction |
This report should be leaned to get most info about heading trends.
It means that NEO 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 NEO
Low correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
Stellar
XLM
|
-0.65045255 |
details, prediction |
ZCash
ZEC
|
-0.00683294 |
details, prediction |
TRON
TRX
|
0.027168004 |
details, prediction |
UNUS SED LEO
LEO
|
0.30257502 |
details, prediction |
Binance Coin
BNB
|
0.43882567 |
details, prediction |
|
Second tier
|
Dai
DAI
|
-0.62876844 |
details, prediction |
USD//Coin
USDC
|
-0.58581 |
details, prediction |
OriginTrail
TRAC
|
-0.4559668 |
details, prediction |
True USD
TUSD
|
-0.23098075 |
details, prediction |
Telcoin
TEL
|
-0.17587334 |
details, prediction |
|
Third tier
|
FunFair
FUN
|
-0.5427154 |
details, prediction |
OPEN Platform
OPEN
|
-0.23650317 |
details, prediction |
Komodo
KMD
|
-0.0043783756 |
details, prediction |
Chronobank
TIME
|
0.12149786 |
details, prediction |
V Systems
VSYS
|
0.16066957 |
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)