Highly correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
TRON
TRX
|
-0.21995206 |
details, prediction |
Stellar
XLM
|
-0.36854276 |
details, prediction |
Litecoin
LTC
|
-0.4553999 |
details, prediction |
Bitcoin Cash
BCH
|
-0.51579744 |
details, prediction |
Ethereum Classic
ETC
|
-0.5537364 |
details, prediction |
|
Second tier
|
USD//Coin
USDC
|
0.60278 |
details, prediction |
True USD
TUSD
|
0.5521656 |
details, prediction |
Ravencoin
RVN
|
0.5066828 |
details, prediction |
aelf
ELF
|
0.45591617 |
details, prediction |
Waves
WAVES
|
0.018518483 |
details, prediction |
|
Third tier
|
Matrix AI Network
MAN
|
0.92614436 |
details, prediction |
Storj
STORJ
|
0.8418487 |
details, prediction |
ICON
ICX
|
0.78224677 |
details, prediction |
OPEN Platform
OPEN
|
0.5578548 |
details, prediction |
Constellation
DAG
|
0.40673032 |
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
|
Ethereum
ETH
|
-0.8227373 |
details, prediction |
Binance Coin
BNB
|
-0.80042917 |
details, prediction |
Bitcoin
BTC
|
-0.7865025 |
details, prediction |
ChainLink
LINK
|
-0.77967864 |
details, prediction |
XRP
XRP
|
-0.7724781 |
details, prediction |
|
Second tier
|
Nexo
NEXO
|
-0.73090154 |
details, prediction |
QTUM
QTUM
|
-0.69500226 |
details, prediction |
Verge
XVG
|
-0.67619175 |
details, prediction |
Theta
THETA
|
-0.6675843 |
details, prediction |
DigiByte
DGB
|
-0.65333503 |
details, prediction |
|
Third tier
|
Bancor
BNT
|
-0.75105554 |
details, prediction |
Dent
DENT
|
-0.73666924 |
details, prediction |
Wanchain
WAN
|
-0.7282233 |
details, prediction |
Ontology
ONT
|
-0.722148 |
details, prediction |
Stox
STX
|
-0.6792965 |
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)