Highly correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
KuCoin Shares
KCS
|
0.564178 |
details, prediction |
Stellar
XLM
|
0.5266322 |
details, prediction |
Bitcoin Cash
BCH
|
0.48964164 |
details, prediction |
Ethereum Classic
ETC
|
0.47341588 |
details, prediction |
TRON
TRX
|
0.46131608 |
details, prediction |
|
Second tier
|
FTX Token
FTT
|
0.5421652 |
details, prediction |
Synthetix Network Token
SNX
|
0.52958065 |
details, prediction |
Crypto.com Chain
CRO
|
0.52874297 |
details, prediction |
Zilliqa
ZIL
|
0.48425707 |
details, prediction |
Nexo
NEXO
|
0.46350965 |
details, prediction |
|
Third tier
|
Achain
ACT
|
0.7196295 |
details, prediction |
SwftCoin
SWFTC
|
0.44686866 |
details, prediction |
Gas
GAS
|
0.44390193 |
details, prediction |
Hydro Protocol
HOT
|
0.4364113 |
details, prediction |
Enjin Coin
ENJ
|
0.43305665 |
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
|
Monero
XMR
|
0.15918182 |
details, prediction |
ZCash
ZEC
|
0.22698547 |
details, prediction |
Binance Coin
BNB
|
0.25735083 |
details, prediction |
Cardano
ADA
|
0.27603048 |
details, prediction |
ChainLink
LINK
|
0.28004292 |
details, prediction |
|
Second tier
|
DigiByte
DGB
|
-0.010513362 |
details, prediction |
Ravencoin
RVN
|
0.037898403 |
details, prediction |
iEx.ec
RLC
|
0.15493192 |
details, prediction |
Decred
DCR
|
0.16004707 |
details, prediction |
Ardor
ARDR
|
0.19183238 |
details, prediction |
|
Third tier
|
NKN
NKN
|
-0.35130143 |
details, prediction |
OPEN Platform
OPEN
|
-0.20232995 |
details, prediction |
ICON
ICX
|
-0.037681524 |
details, prediction |
HEROcoin
PLAY
|
0.0085470695 |
details, prediction |
Matrix AI Network
MAN
|
0.029097158 |
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)