Highly correlated currencies
Coin |
Correlation |
Links |
First tier
|
Stellar
XLM
|
0.977558 |
details, prediction |
Theta
THETA
|
0.97589743 |
details, prediction |
Cardano
ADA
|
0.9750141 |
details, prediction |
Bitcoin SV
BSV
|
0.971721 |
details, prediction |
ChainLink
LINK
|
0.9675905 |
details, prediction |
Second tier
|
Dent
DENT
|
0.9875708 |
details, prediction |
Verge
XVG
|
0.98118347 |
details, prediction |
Bitshares
BTS
|
0.9793695 |
details, prediction |
Siacoin
SC
|
0.97429925 |
details, prediction |
iEx.ec
RLC
|
0.9737413 |
details, prediction |
Third tier
|
Hydro Protocol
HOT
|
0.98591846 |
details, prediction |
Aion
AION
|
0.973287 |
details, prediction |
Dock.io
DOCK
|
0.9690173 |
details, prediction |
Mithril
MITH
|
0.9550964 |
details, prediction |
Matrix AI Network
MAN
|
0.95080876 |
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
|
-0.3237256 |
details, prediction |
Monero
XMR
|
0.36940154 |
details, prediction |
ZCash
ZEC
|
0.6721162 |
details, prediction |
Waves
WAVES
|
0.6815323 |
details, prediction |
Fantom
FTM
|
0.79097134 |
details, prediction |
Second tier
|
USD//Coin
USDC
|
-0.9361449 |
details, prediction |
Dai
DAI
|
-0.89278686 |
details, prediction |
True USD
TUSD
|
-0.8335782 |
details, prediction |
Paxos Standard
PAX
|
-0.6938712 |
details, prediction |
EthLend
LEND
|
-0.5145377 |
details, prediction |
Third tier
|
Crypviser
CVCOIN
|
-0.7899871 |
details, prediction |
ILCoin
ILC
|
-0.7752333 |
details, prediction |
SunContract
SNC
|
-0.7419378 |
details, prediction |
FeatherCoin
FTC
|
-0.7346694 |
details, prediction |
Time New Bank
TNB
|
-0.70532703 |
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)