Highly correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
KuCoin Shares
KCS
|
0.90551114 |
details, prediction |
ZCash
ZEC
|
0.9013025 |
details, prediction |
Bitcoin Cash
BCH
|
0.88552666 |
details, prediction |
Ethereum Classic
ETC
|
0.84996474 |
details, prediction |
Cardano
ADA
|
0.8294762 |
details, prediction |
|
Second tier
|
Bitcoin Gold
BTG
|
0.9961937 |
details, prediction |
Status
SNT
|
0.9846299 |
details, prediction |
iEx.ec
RLC
|
0.98259413 |
details, prediction |
Theta Fuel
TFUEL
|
0.9815801 |
details, prediction |
Siacoin
SC
|
0.98090535 |
details, prediction |
|
Third tier
|
Loopring
LRC
|
0.98932505 |
details, prediction |
Kleros
PNK
|
0.97877395 |
details, prediction |
Kyber Network
KNC
|
0.97755075 |
details, prediction |
NKN
NKN
|
0.97714764 |
details, prediction |
IoTeX
IOTX
|
0.97633123 |
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
|
-0.2798469 |
details, prediction |
UNUS SED LEO
LEO
|
0.21622756 |
details, prediction |
Binance Coin
BNB
|
0.5019583 |
details, prediction |
Dogecoin
DOGE
|
0.6399997 |
details, prediction |
XRP
XRP
|
0.7107921 |
details, prediction |
|
Second tier
|
Decred
DCR
|
-0.4527865 |
details, prediction |
Dai
DAI
|
-0.3040817 |
details, prediction |
True USD
TUSD
|
0.20006408 |
details, prediction |
Verge
XVG
|
0.30810288 |
details, prediction |
Zilliqa
ZIL
|
0.34818253 |
details, prediction |
|
Third tier
|
BABB
BAX
|
-0.34881553 |
details, prediction |
Constellation
DAG
|
-0.02187806 |
details, prediction |
HEROcoin
PLAY
|
0.040291756 |
details, prediction |
Dent
DENT
|
0.057708792 |
details, prediction |
Dero
DERO
|
0.12862457 |
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)