Highly correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
KuCoin Shares
KCS
|
0.40470743 |
details, prediction |
Bitcoin Cash
BCH
|
0.3714726 |
details, prediction |
XRP
XRP
|
0.2770304 |
details, prediction |
Cardano
ADA
|
0.1947048 |
details, prediction |
Stellar
XLM
|
0.061744932 |
details, prediction |
|
Second tier
|
Decentraland
MANA
|
0.57321185 |
details, prediction |
Basic Attention Token
BAT
|
0.5383936 |
details, prediction |
Zilliqa
ZIL
|
0.5297851 |
details, prediction |
Waves
WAVES
|
0.5197403 |
details, prediction |
iEx.ec
RLC
|
0.5196623 |
details, prediction |
|
Third tier
|
Loopring
LRC
|
0.94200575 |
details, prediction |
OPEN Platform
OPEN
|
0.549019 |
details, prediction |
HEROcoin
PLAY
|
0.5413584 |
details, prediction |
ICON
ICX
|
0.53356737 |
details, prediction |
LAToken
LA
|
0.5098224 |
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
|
-0.7609112 |
details, prediction |
TRON
TRX
|
-0.26165187 |
details, prediction |
Monero
XMR
|
-0.1384606 |
details, prediction |
ZCash
ZEC
|
-0.13388963 |
details, prediction |
ChainLink
LINK
|
-0.09493157 |
details, prediction |
|
Second tier
|
Telcoin
TEL
|
-0.17077094 |
details, prediction |
Bitcoin Gold
BTG
|
-0.15155111 |
details, prediction |
Algorand
ALGO
|
-0.14177239 |
details, prediction |
Dai
DAI
|
-0.13044582 |
details, prediction |
DASH
DASH
|
-0.09410626 |
details, prediction |
|
Third tier
|
V Systems
VSYS
|
-0.49077126 |
details, prediction |
Constellation
DAG
|
-0.4557386 |
details, prediction |
FunFair
FUN
|
-0.35393667 |
details, prediction |
Dent
DENT
|
-0.26194578 |
details, prediction |
Wanchain
WAN
|
-0.19498983 |
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)