Highly correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
Bitcoin Cash
BCH
|
0.7908021 |
details, prediction |
KuCoin Shares
KCS
|
0.7272123 |
details, prediction |
Ethereum
ETH
|
0.702638 |
details, prediction |
Litecoin
LTC
|
0.6820655 |
details, prediction |
Cardano
ADA
|
0.6519247 |
details, prediction |
|
Second tier
|
Decred
DCR
|
0.80960834 |
details, prediction |
Bitcoin Gold
BTG
|
0.7969976 |
details, prediction |
Waves
WAVES
|
0.7426134 |
details, prediction |
Bitcoin SV
BSV
|
0.72066885 |
details, prediction |
aelf
ELF
|
0.7145367 |
details, prediction |
|
Third tier
|
SysCoin
SYS
|
0.8610632 |
details, prediction |
Ontology
ONT
|
0.8004618 |
details, prediction |
SingularityNET
AGI
|
0.7701093 |
details, prediction |
LAToken
LA
|
0.7592801 |
details, prediction |
Gas
GAS
|
0.74243647 |
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
|
Stellar
XLM
|
-0.5847048 |
details, prediction |
ZCash
ZEC
|
-0.47150284 |
details, prediction |
TRON
TRX
|
-0.19701919 |
details, prediction |
Binance Coin
BNB
|
-0.026511002 |
details, prediction |
Monero
XMR
|
0.03548842 |
details, prediction |
|
Second tier
|
OriginTrail
TRAC
|
-0.6617343 |
details, prediction |
Telcoin
TEL
|
-0.50430286 |
details, prediction |
USD//Coin
USDC
|
-0.39639232 |
details, prediction |
Dai
DAI
|
-0.39485154 |
details, prediction |
Cosmos
ATOM
|
-0.3031596 |
details, prediction |
|
Third tier
|
OPEN Platform
OPEN
|
-0.26257145 |
details, prediction |
Chronobank
TIME
|
-0.24037512 |
details, prediction |
Matrix AI Network
MAN
|
-0.09908647 |
details, prediction |
V Systems
VSYS
|
-0.086955965 |
details, prediction |
Constellation
DAG
|
0.17677708 |
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)