Highly correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
UNUS SED LEO
LEO
|
0.95909315 |
details, prediction |
Bitcoin Cash
BCH
|
0.30059737 |
details, prediction |
Stellar
XLM
|
0.23909317 |
details, prediction |
TRON
TRX
|
0.19287114 |
details, prediction |
KuCoin Shares
KCS
|
0.051703937 |
details, prediction |
|
Second tier
|
USD//Coin
USDC
|
0.648964 |
details, prediction |
True USD
TUSD
|
0.5868082 |
details, prediction |
Dai
DAI
|
0.48224562 |
details, prediction |
Waves
WAVES
|
0.20903347 |
details, prediction |
Ravencoin
RVN
|
0.15739621 |
details, prediction |
|
Third tier
|
Phantasma
SOUL
|
0.58296 |
details, prediction |
LAToken
LA
|
0.53768474 |
details, prediction |
Ontology
ONT
|
0.44560006 |
details, prediction |
Kyber Network
KNC
|
0.2306151 |
details, prediction |
SysCoin
SYS
|
0.20352335 |
details, prediction |
This report should be leaned to get most info about heading trends.
It means that NKN 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 NKN
Low correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
Monero
XMR
|
-0.47978994 |
details, prediction |
Bitcoin
BTC
|
-0.436624 |
details, prediction |
Binance Coin
BNB
|
-0.4018963 |
details, prediction |
XRP
XRP
|
-0.35387444 |
details, prediction |
ChainLink
LINK
|
-0.3372168 |
details, prediction |
|
Second tier
|
Synthetix Network Token
SNX
|
-0.5799625 |
details, prediction |
Cosmos
ATOM
|
-0.5673902 |
details, prediction |
DigiByte
DGB
|
-0.48005158 |
details, prediction |
Telcoin
TEL
|
-0.45733008 |
details, prediction |
Zilliqa
ZIL
|
-0.4312708 |
details, prediction |
|
Third tier
|
Loopring
LRC
|
-0.80926436 |
details, prediction |
Komodo
KMD
|
-0.58472556 |
details, prediction |
Stox
STX
|
-0.5577473 |
details, prediction |
Bancor
BNT
|
-0.46858302 |
details, prediction |
NEM
XEM
|
-0.44816226 |
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)