Highly correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
Ethereum
ETH
|
0.38647157 |
details, prediction |
SONM
SNM
|
0.16701438 |
details, prediction |
Litecoin
LTC
|
0.15476531 |
details, prediction |
Cardano
ADA
|
0.12800063 |
details, prediction |
KuCoin Shares
KCS
|
0.075072184 |
details, prediction |
|
Second tier
|
Aragon
ANT
|
0.6197002 |
details, prediction |
Ocean Protocol
OCEAN
|
0.55092645 |
details, prediction |
SwissBorg
CHSB
|
0.5086159 |
details, prediction |
Quant Network
QNT
|
0.48798066 |
details, prediction |
Nexo
NEXO
|
0.4526358 |
details, prediction |
|
Third tier
|
OneRoot Network
RNT
|
0.86213714 |
details, prediction |
Kambria
KAT
|
0.83148515 |
details, prediction |
Moneytoken
IMT
|
0.8096219 |
details, prediction |
BURST
BURST
|
0.78852236 |
details, prediction |
Phantasma
SOUL
|
0.7421664 |
details, prediction |
This report should be leaned to get most info about heading trends.
It means that SophiaTX 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 SophiaTX
Low correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
ChainLink
LINK
|
-0.62373066 |
details, prediction |
Matic Network
MATIC
|
-0.408506 |
details, prediction |
Binance Coin
BNB
|
-0.30104145 |
details, prediction |
Dogecoin
DOGE
|
-0.30088374 |
details, prediction |
TRON
TRX
|
-0.28892028 |
details, prediction |
|
Second tier
|
FTX Token
FTT
|
-0.556149 |
details, prediction |
Siacoin
SC
|
-0.4764857 |
details, prediction |
GXShares
GXS
|
-0.4529368 |
details, prediction |
Horizen
ZEN
|
-0.4290965 |
details, prediction |
Dai
DAI
|
-0.3553144 |
details, prediction |
|
Third tier
|
Bread
BRD
|
-0.7336552 |
details, prediction |
Populous
PPT
|
-0.60559523 |
details, prediction |
Haven Protocol
XHV
|
-0.5802184 |
details, prediction |
Skycoin
SKY
|
-0.56566566 |
details, prediction |
NKN
NKN
|
-0.54945284 |
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)