Highly correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
Dogecoin
DOGE
|
0.84023017 |
details, prediction |
Ethereum Classic
ETC
|
0.8199468 |
details, prediction |
Stellar
XLM
|
0.7965091 |
details, prediction |
XRP
XRP
|
0.5764736 |
details, prediction |
KuCoin Shares
KCS
|
0.45830128 |
details, prediction |
|
Second tier
|
IOTA
IOT
|
0.8922336 |
details, prediction |
Algorand
ALGO
|
0.8467438 |
details, prediction |
Crypto.com Chain
CRO
|
0.8413971 |
details, prediction |
OriginTrail
TRAC
|
0.8390231 |
details, prediction |
Verge
XVG
|
0.7974719 |
details, prediction |
|
Third tier
|
Kyber Network
KNC
|
0.9291579 |
details, prediction |
Steem
STEEM
|
0.9122979 |
details, prediction |
ARK
ARK
|
0.89790344 |
details, prediction |
PIVX
PIVX
|
0.85513085 |
details, prediction |
SingularityNET
AGI
|
0.8228572 |
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
|
-0.13275075 |
details, prediction |
Monero
XMR
|
-0.009356679 |
details, prediction |
Ethereum
ETH
|
0.099586345 |
details, prediction |
Cardano
ADA
|
0.117871225 |
details, prediction |
ChainLink
LINK
|
0.13180368 |
details, prediction |
|
Second tier
|
Dai
DAI
|
-0.42612353 |
details, prediction |
DigiByte
DGB
|
-0.25235128 |
details, prediction |
Bitcoin SV
BSV
|
-0.09070962 |
details, prediction |
Decred
DCR
|
-0.04855403 |
details, prediction |
HoloToken
HOT
|
0.06019335 |
details, prediction |
|
Third tier
|
NKN
NKN
|
-0.6573531 |
details, prediction |
V Systems
VSYS
|
-0.37836903 |
details, prediction |
Propy
PRO
|
-0.17714098 |
details, prediction |
Matrix AI Network
MAN
|
-0.06719551 |
details, prediction |
Constellation
DAG
|
-0.044445187 |
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)