Highly correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
UNUS SED LEO
LEO
|
0.95909315 |
details, prediction |
Bitcoin Cash
BCH
|
0.49979442 |
details, prediction |
KuCoin Shares
KCS
|
0.3918948 |
details, prediction |
Litecoin
LTC
|
0.33878022 |
details, prediction |
Cardano
ADA
|
0.2518705 |
details, prediction |
|
Second tier
|
True USD
TUSD
|
0.46360767 |
details, prediction |
Waves
WAVES
|
0.45892116 |
details, prediction |
Ravencoin
RVN
|
0.43204334 |
details, prediction |
USD//Coin
USDC
|
0.4162452 |
details, prediction |
aelf
ELF
|
0.39610562 |
details, prediction |
|
Third tier
|
LAToken
LA
|
0.8959531 |
details, prediction |
Phantasma
SOUL
|
0.6886633 |
details, prediction |
Ontology
ONT
|
0.5314013 |
details, prediction |
SingularityNET
AGI
|
0.5139101 |
details, prediction |
Kambria
KAT
|
0.47008002 |
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
|
ZCash
ZEC
|
-0.3467929 |
details, prediction |
Monero
XMR
|
-0.30649278 |
details, prediction |
Binance Coin
BNB
|
-0.21918322 |
details, prediction |
Stellar
XLM
|
-0.17251989 |
details, prediction |
Dogecoin
DOGE
|
-0.065890715 |
details, prediction |
|
Second tier
|
OriginTrail
TRAC
|
-0.52551925 |
details, prediction |
Cosmos
ATOM
|
-0.47797325 |
details, prediction |
Telcoin
TEL
|
-0.47415623 |
details, prediction |
DigiByte
DGB
|
-0.18283589 |
details, prediction |
DASH
DASH
|
-0.16850574 |
details, prediction |
|
Third tier
|
Loopring
LRC
|
-0.80926436 |
details, prediction |
Komodo
KMD
|
-0.58472556 |
details, prediction |
Chronobank
TIME
|
-0.32613093 |
details, prediction |
Bancor
BNT
|
-0.16855982 |
details, prediction |
OPEN Platform
OPEN
|
-0.1432435 |
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)