Highly correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
Stellar
XLM
|
0.61230683 |
details, prediction |
Bitcoin Cash
BCH
|
0.535734 |
details, prediction |
Ethereum Classic
ETC
|
0.5275436 |
details, prediction |
Litecoin
LTC
|
0.5015047 |
details, prediction |
KuCoin Shares
KCS
|
0.49657 |
details, prediction |
|
Second tier
|
EOS
EOS
|
0.9602031 |
details, prediction |
FTX Token
FTT
|
0.60925007 |
details, prediction |
Basic Attention Token
BAT
|
0.5641429 |
details, prediction |
DASH
DASH
|
0.55847853 |
details, prediction |
Waves
WAVES
|
0.5427214 |
details, prediction |
|
Third tier
|
Streamr DATAcoin
DATA
|
0.94300616 |
details, prediction |
Ontology
ONT
|
0.8322262 |
details, prediction |
OPEN Platform
OPEN
|
0.74993646 |
details, prediction |
Phantasma
SOUL
|
0.662748 |
details, prediction |
Kyber Network
KNC
|
0.6446932 |
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
|
TRON
TRX
|
-0.007226765 |
details, prediction |
UNUS SED LEO
LEO
|
0.08722817 |
details, prediction |
Binance Coin
BNB
|
0.24712804 |
details, prediction |
Dogecoin
DOGE
|
0.31707835 |
details, prediction |
XRP
XRP
|
0.345277 |
details, prediction |
|
Second tier
|
Decred
DCR
|
-0.65512615 |
details, prediction |
Dai
DAI
|
-0.035624016 |
details, prediction |
Verge
XVG
|
0.10770907 |
details, prediction |
Zilliqa
ZIL
|
0.16113016 |
details, prediction |
DigiByte
DGB
|
0.1750647 |
details, prediction |
|
Third tier
|
Dent
DENT
|
-0.27816948 |
details, prediction |
BABB
BAX
|
-0.26136002 |
details, prediction |
NEM
XEM
|
-0.21112877 |
details, prediction |
Propy
PRO
|
0.0019001451 |
details, prediction |
HEROcoin
PLAY
|
0.026359832 |
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)