Highly correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
TRON
TRX
|
-0.13621847 |
details, prediction |
Stellar
XLM
|
-0.3609251 |
details, prediction |
Litecoin
LTC
|
-0.45943925 |
details, prediction |
Bitcoin Cash
BCH
|
-0.49727368 |
details, prediction |
ZCash
ZEC
|
-0.5456131 |
details, prediction |
|
Second tier
|
USD//Coin
USDC
|
0.47380015 |
details, prediction |
True USD
TUSD
|
0.42465475 |
details, prediction |
aelf
ELF
|
0.38891494 |
details, prediction |
Ravencoin
RVN
|
0.3410931 |
details, prediction |
Waves
WAVES
|
0.07383955 |
details, prediction |
|
Third tier
|
Matrix AI Network
MAN
|
0.68041116 |
details, prediction |
ICON
ICX
|
0.51128143 |
details, prediction |
Storj
STORJ
|
0.5025885 |
details, prediction |
OPEN Platform
OPEN
|
0.29900336 |
details, prediction |
Constellation
DAG
|
0.20758736 |
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
|
Dogecoin
DOGE
|
-0.72842246 |
details, prediction |
XRP
XRP
|
-0.7239962 |
details, prediction |
Binance Coin
BNB
|
-0.6714118 |
details, prediction |
Bitcoin
BTC
|
-0.66653043 |
details, prediction |
ChainLink
LINK
|
-0.6338938 |
details, prediction |
|
Second tier
|
Nexo
NEXO
|
-0.7308426 |
details, prediction |
Verge
XVG
|
-0.71762025 |
details, prediction |
QTUM
QTUM
|
-0.67439127 |
details, prediction |
IOTA
IOT
|
-0.6662194 |
details, prediction |
Theta
THETA
|
-0.66462696 |
details, prediction |
|
Third tier
|
Wanchain
WAN
|
-0.70856243 |
details, prediction |
Ontology
ONT
|
-0.7075203 |
details, prediction |
SingularityNET
AGI
|
-0.6992035 |
details, prediction |
Bancor
BNT
|
-0.68833643 |
details, prediction |
Stox
STX
|
-0.6762202 |
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)