Highly correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
XRP
XRP
|
0.88842577 |
details, prediction |
Cardano
ADA
|
0.8714073 |
details, prediction |
Dogecoin
DOGE
|
0.8629498 |
details, prediction |
Bitcoin Cash
BCH
|
0.8628421 |
details, prediction |
Bitcoin
BTC
|
0.85750115 |
details, prediction |
|
Second tier
|
Ravencoin
RVN
|
0.90059274 |
details, prediction |
Theta Fuel
TFUEL
|
0.9004606 |
details, prediction |
iEx.ec
RLC
|
0.8915998 |
details, prediction |
Theta
THETA
|
0.8887931 |
details, prediction |
Waves
WAVES
|
0.88875544 |
details, prediction |
|
Third tier
|
QuarkChain
QKC
|
0.89488417 |
details, prediction |
Steem
STEEM
|
0.8927223 |
details, prediction |
ARK
ARK
|
0.8919963 |
details, prediction |
Civic
CVC
|
0.8915104 |
details, prediction |
ICON
ICX
|
0.890917 |
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
|
Stellar
XLM
|
-0.47826508 |
details, prediction |
ZCash
ZEC
|
0.031226477 |
details, prediction |
TRON
TRX
|
0.109543025 |
details, prediction |
Binance Coin
BNB
|
0.7299065 |
details, prediction |
ChainLink
LINK
|
0.7553987 |
details, prediction |
|
Second tier
|
USD//Coin
USDC
|
-0.8180805 |
details, prediction |
Dai
DAI
|
-0.73978543 |
details, prediction |
True USD
TUSD
|
-0.58733344 |
details, prediction |
Telcoin
TEL
|
0.25439888 |
details, prediction |
OriginTrail
TRAC
|
0.36242348 |
details, prediction |
|
Third tier
|
Propy
PRO
|
-0.26134488 |
details, prediction |
V Systems
VSYS
|
-0.2229644 |
details, prediction |
Matrix AI Network
MAN
|
-0.19534467 |
details, prediction |
Phantasma
SOUL
|
0.116579786 |
details, prediction |
NKN
NKN
|
0.24461678 |
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)