Highly correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
Fantom
FTM
|
0.8691166 |
details, prediction |
SONM
SNM
|
0.7215156 |
details, prediction |
Matic Network
MATIC
|
0.7084749 |
details, prediction |
ChainLink
LINK
|
0.59575653 |
details, prediction |
Crypto.com Chain
CRO
|
0.5532565 |
details, prediction |
|
Second tier
|
SwissBorg
CHSB
|
0.8724762 |
details, prediction |
Aragon
ANT
|
0.8032648 |
details, prediction |
MonaCoin
MONA
|
0.79220057 |
details, prediction |
XYO Network
XYO
|
0.764704 |
details, prediction |
Algorand
ALGO
|
0.75306827 |
details, prediction |
|
Third tier
|
Stratis
STRAT
|
0.94677675 |
details, prediction |
Yoyow
YOYOW
|
0.8990548 |
details, prediction |
PIVX
PIVX
|
0.8786401 |
details, prediction |
Bitcoin Diamond
BCD
|
0.87843907 |
details, prediction |
PinkCoin
PINK
|
0.86993605 |
details, prediction |
This report should be leaned to get most info about heading trends.
It means that Snetwork 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 Snetwork
Low correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
ZCash
ZEC
|
-0.54288924 |
details, prediction |
Monero
XMR
|
-0.5333019 |
details, prediction |
UNUS SED LEO
LEO
|
-0.36129016 |
details, prediction |
Ethereum Classic
ETC
|
-0.27500442 |
details, prediction |
TRON
TRX
|
-0.17233227 |
details, prediction |
|
Second tier
|
HedgeTrade
HEDG
|
-0.98103815 |
details, prediction |
Waves
WAVES
|
-0.48637286 |
details, prediction |
Nexo
NEXO
|
-0.4373753 |
details, prediction |
GXShares
GXS
|
-0.32704428 |
details, prediction |
Zilliqa
ZIL
|
-0.29695848 |
details, prediction |
|
Third tier
|
Seele
SEELE
|
-0.7853812 |
details, prediction |
Time New Bank
TNB
|
-0.7077672 |
details, prediction |
Linker Coin
LNC
|
-0.6819155 |
details, prediction |
Kyber Network
KNC
|
-0.6651554 |
details, prediction |
SibCoin
SIB
|
-0.64977324 |
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)