Highly correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
Ethereum Classic
ETC
|
0.9457295 |
details, prediction |
KuCoin Shares
KCS
|
0.93159246 |
details, prediction |
Litecoin
LTC
|
0.92487746 |
details, prediction |
Cardano
ADA
|
0.9109209 |
details, prediction |
Monero
XMR
|
0.90319604 |
details, prediction |
|
Second tier
|
EOS
EOS
|
0.982087 |
details, prediction |
Status
SNT
|
0.9642317 |
details, prediction |
Synthetix Network Token
SNX
|
0.9445967 |
details, prediction |
Telcoin
TEL
|
0.94270784 |
details, prediction |
QTUM
QTUM
|
0.92762816 |
details, prediction |
|
Third tier
|
Kleros
PNK
|
0.93716747 |
details, prediction |
Lisk
LSK
|
0.9302433 |
details, prediction |
SingularityNET
AGI
|
0.9243562 |
details, prediction |
ICON
ICX
|
0.9229057 |
details, prediction |
Bancor
BNT
|
0.9228775 |
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
|
TRON
TRX
|
-0.6455561 |
details, prediction |
UNUS SED LEO
LEO
|
0.30915117 |
details, prediction |
ZCash
ZEC
|
0.6503586 |
details, prediction |
Binance Coin
BNB
|
0.71284324 |
details, prediction |
Bitcoin Cash
BCH
|
0.75025994 |
details, prediction |
|
Second tier
|
Dai
DAI
|
-0.44016936 |
details, prediction |
Decred
DCR
|
-0.2363097 |
details, prediction |
True USD
TUSD
|
0.108692214 |
details, prediction |
Nexo
NEXO
|
0.36121297 |
details, prediction |
Verge
XVG
|
0.4384326 |
details, prediction |
|
Third tier
|
Kambria
KAT
|
-0.88502526 |
details, prediction |
Ontology
ONT
|
-0.23228493 |
details, prediction |
Dent
DENT
|
-0.019773627 |
details, prediction |
OPEN Platform
OPEN
|
0.018052073 |
details, prediction |
HEROcoin
PLAY
|
0.113677196 |
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)