Highly correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
KuCoin Shares
KCS
|
0.9142874 |
details, prediction |
Crypto.com Chain
CRO
|
0.7937361 |
details, prediction |
Bitcoin Cash
BCH
|
0.7779678 |
details, prediction |
Ethereum Classic
ETC
|
0.7392946 |
details, prediction |
Cardano
ADA
|
0.7305159 |
details, prediction |
|
Second tier
|
Synthetix Network Token
SNX
|
0.9168765 |
details, prediction |
Bitcoin Gold
BTG
|
0.91353697 |
details, prediction |
EOS
EOS
|
0.8845436 |
details, prediction |
Telcoin
TEL
|
0.8740197 |
details, prediction |
iEx.ec
RLC
|
0.8649893 |
details, prediction |
|
Third tier
|
Loopring
LRC
|
0.9796508 |
details, prediction |
Kleros
PNK
|
0.97877395 |
details, prediction |
Chronobank
TIME
|
0.86187005 |
details, prediction |
Stox
STX
|
0.8566085 |
details, prediction |
Streamr DATAcoin
DATA
|
0.85220784 |
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
|
TRON
TRX
|
-0.5941249 |
details, prediction |
UNUS SED LEO
LEO
|
0.005337734 |
details, prediction |
ZCash
ZEC
|
0.33566728 |
details, prediction |
Ethereum
ETH
|
0.52037865 |
details, prediction |
Bitcoin
BTC
|
0.55150974 |
details, prediction |
|
Second tier
|
Decred
DCR
|
-0.27472675 |
details, prediction |
Dai
DAI
|
-0.2077744 |
details, prediction |
Nexo
NEXO
|
0.23393399 |
details, prediction |
True USD
TUSD
|
0.24963003 |
details, prediction |
Algorand
ALGO
|
0.27139685 |
details, prediction |
|
Third tier
|
Ontology
ONT
|
-0.35493368 |
details, prediction |
OPEN Platform
OPEN
|
-0.1652271 |
details, prediction |
Dent
DENT
|
-0.14145398 |
details, prediction |
Enjin Coin
ENJ
|
0.01841703 |
details, prediction |
FunFair
FUN
|
0.04869481 |
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)