Highly correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
KuCoin Shares
KCS
|
0.7153087 |
details, prediction |
Ethereum
ETH
|
0.6114486 |
details, prediction |
Crypto.com Chain
CRO
|
0.60295665 |
details, prediction |
XRP
XRP
|
0.5732191 |
details, prediction |
Bitcoin
BTC
|
0.5592423 |
details, prediction |
|
Second tier
|
Synthetix Network Token
SNX
|
0.6931847 |
details, prediction |
Bitcoin Gold
BTG
|
0.644941 |
details, prediction |
Theta
THETA
|
0.60594225 |
details, prediction |
iEx.ec
RLC
|
0.60196817 |
details, prediction |
Decentraland
MANA
|
0.58268607 |
details, prediction |
|
Third tier
|
Loopring
LRC
|
0.8595778 |
details, prediction |
LAToken
LA
|
0.816802 |
details, prediction |
Kambria
KAT
|
0.65978664 |
details, prediction |
ICON
ICX
|
0.5879469 |
details, prediction |
Stox
STX
|
0.5802326 |
details, prediction |
This report should be leaned to get most info about heading trends.
It means that Request Network 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 Request Network
Low correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
UNUS SED LEO
LEO
|
-0.87708527 |
details, prediction |
Stellar
XLM
|
-0.33627176 |
details, prediction |
ZCash
ZEC
|
-0.1043434 |
details, prediction |
TRON
TRX
|
0.0028895151 |
details, prediction |
Binance Coin
BNB
|
0.22000498 |
details, prediction |
|
Second tier
|
Dai
DAI
|
-0.4833491 |
details, prediction |
USD//Coin
USDC
|
-0.4055412 |
details, prediction |
OriginTrail
TRAC
|
-0.27787068 |
details, prediction |
Telcoin
TEL
|
-0.25615287 |
details, prediction |
True USD
TUSD
|
-0.019580003 |
details, prediction |
|
Third tier
|
FunFair
FUN
|
-0.5080648 |
details, prediction |
V Systems
VSYS
|
-0.17153788 |
details, prediction |
Komodo
KMD
|
-0.17130247 |
details, prediction |
Wanchain
WAN
|
0.0027212407 |
details, prediction |
Dero
DERO
|
0.13105132 |
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)