Highly correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
TRON
TRX
|
0.5785675 |
details, prediction |
XRP
XRP
|
0.53935105 |
details, prediction |
Litecoin
LTC
|
0.50973207 |
details, prediction |
Ethereum
ETH
|
0.4879985 |
details, prediction |
ZCash
ZEC
|
0.44819906 |
details, prediction |
|
Second tier
|
XYO Network
XYO
|
0.79453444 |
details, prediction |
Decred
DCR
|
0.76269406 |
details, prediction |
Tezos
XTZ
|
0.75660616 |
details, prediction |
Theta
THETA
|
0.6888939 |
details, prediction |
iEx.ec
RLC
|
0.6592973 |
details, prediction |
|
Third tier
|
PCHAIN
PAI
|
0.9331285 |
details, prediction |
FedoraCoin
TIPS
|
0.92624396 |
details, prediction |
QuarkChain
QKC
|
0.8972226 |
details, prediction |
DAEX
DAX
|
0.89151335 |
details, prediction |
NKN
NKN
|
0.8912141 |
details, prediction |
This report should be leaned to get most info about heading trends.
It means that Nitro 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 Nitro
Low correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
Ethereum Classic
ETC
|
-0.16633505 |
details, prediction |
Bitcoin
BTC
|
0.15715745 |
details, prediction |
Stellar
XLM
|
0.18953691 |
details, prediction |
KuCoin Shares
KCS
|
0.2726531 |
details, prediction |
Dogecoin
DOGE
|
0.27360898 |
details, prediction |
|
Second tier
|
DigiByte
DGB
|
-0.1040496 |
details, prediction |
Decentraland
MANA
|
-0.08707551 |
details, prediction |
Basic Attention Token
BAT
|
-0.015185101 |
details, prediction |
Dai
DAI
|
0.003880049 |
details, prediction |
Power Ledger
POWR
|
0.19628493 |
details, prediction |
|
Third tier
|
ODEM
ODEM
|
-0.7017131 |
details, prediction |
Metaverse
ETP
|
-0.6117955 |
details, prediction |
AurumCoin
AU
|
-0.5773026 |
details, prediction |
Zilbercoin
ZBC
|
-0.47866607 |
details, prediction |
Unobtanium
UNO
|
-0.42619616 |
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)