Highly correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
Bitcoin Cash
BCH
|
0.962508 |
details, prediction |
KuCoin Shares
KCS
|
0.9242587 |
details, prediction |
Cardano
ADA
|
0.87989885 |
details, prediction |
Ethereum Classic
ETC
|
0.8499058 |
details, prediction |
Crypto.com Chain
CRO
|
0.83639187 |
details, prediction |
|
Second tier
|
Waves
WAVES
|
0.99101955 |
details, prediction |
Bitcoin Gold
BTG
|
0.9909192 |
details, prediction |
Status
SNT
|
0.98673165 |
details, prediction |
Siacoin
SC
|
0.98592955 |
details, prediction |
Theta Fuel
TFUEL
|
0.984474 |
details, prediction |
|
Third tier
|
IoTeX
IOTX
|
0.988457 |
details, prediction |
Loopring
LRC
|
0.9796508 |
details, prediction |
Kleros
PNK
|
0.97877395 |
details, prediction |
Internet of Services
IOST
|
0.9764142 |
details, prediction |
SingularityNET
AGI
|
0.9655518 |
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
|
-0.71972525 |
details, prediction |
UNUS SED LEO
LEO
|
0.005337734 |
details, prediction |
Ethereum
ETH
|
0.6275073 |
details, prediction |
Binance Coin
BNB
|
0.6462856 |
details, prediction |
Stellar
XLM
|
0.65622693 |
details, prediction |
|
Second tier
|
Decred
DCR
|
-0.37293977 |
details, prediction |
Dai
DAI
|
-0.2742624 |
details, prediction |
True USD
TUSD
|
0.2527636 |
details, prediction |
Nexo
NEXO
|
0.29091832 |
details, prediction |
Algorand
ALGO
|
0.41185376 |
details, prediction |
|
Third tier
|
Ontology
ONT
|
-0.4011522 |
details, prediction |
Dent
DENT
|
-0.28835475 |
details, prediction |
Kambria
KAT
|
-0.17370744 |
details, prediction |
OPEN Platform
OPEN
|
-0.08373907 |
details, prediction |
Propy
PRO
|
0.040062584 |
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)