Highly correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
Stellar
XLM
|
0.468071 |
details, prediction |
Dogecoin
DOGE
|
0.46612185 |
details, prediction |
KuCoin Shares
KCS
|
0.44805294 |
details, prediction |
Ethereum Classic
ETC
|
0.3213004 |
details, prediction |
Bitcoin Cash
BCH
|
0.16128834 |
details, prediction |
|
Second tier
|
iEx.ec
RLC
|
0.6555131 |
details, prediction |
FTX Token
FTT
|
0.6485411 |
details, prediction |
Chiliz
CHZ
|
0.63680905 |
details, prediction |
Synthetix Network Token
SNX
|
0.61238664 |
details, prediction |
IOTA
IOT
|
0.56773955 |
details, prediction |
|
Third tier
|
Achain
ACT
|
0.76506615 |
details, prediction |
Dero
DERO
|
0.7145737 |
details, prediction |
SwftCoin
SWFTC
|
0.6308341 |
details, prediction |
Kambria
KAT
|
0.62894404 |
details, prediction |
PIVX
PIVX
|
0.59198475 |
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
|
ZCash
ZEC
|
-0.23450838 |
details, prediction |
Monero
XMR
|
-0.21669683 |
details, prediction |
Ethereum
ETH
|
-0.17449205 |
details, prediction |
ChainLink
LINK
|
-0.14764623 |
details, prediction |
Litecoin
LTC
|
-0.12670833 |
details, prediction |
|
Second tier
|
Dai
DAI
|
-0.65535986 |
details, prediction |
Decred
DCR
|
-0.37886155 |
details, prediction |
DigiByte
DGB
|
-0.3209405 |
details, prediction |
Bitcoin SV
BSV
|
-0.22437115 |
details, prediction |
Horizen
ZEN
|
-0.106595226 |
details, prediction |
|
Third tier
|
SysCoin
SYS
|
-0.599602 |
details, prediction |
NKN
NKN
|
-0.49278748 |
details, prediction |
V Systems
VSYS
|
-0.33688045 |
details, prediction |
Lisk
LSK
|
-0.18006507 |
details, prediction |
Electroneum
ETN
|
-0.09570627 |
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)