Highly correlated currencies
Coin |
Correlation |
Links |
First tier
|
ChainLink
LINK
|
0.9720048 |
details, prediction |
NEO
NEO
|
0.97069955 |
details, prediction |
IOTA
IOT
|
0.97000426 |
details, prediction |
Cosmos
ATOM
|
0.9698711 |
details, prediction |
Cardano
ADA
|
0.96587527 |
details, prediction |
Second tier
|
Fantom
FTM
|
0.97628593 |
details, prediction |
Enjin Coin
ENJ
|
0.97551376 |
details, prediction |
Horizen
ZEN
|
0.97200114 |
details, prediction |
Dent
DENT
|
0.9711932 |
details, prediction |
DASH
DASH
|
0.97019696 |
details, prediction |
Third tier
|
Matrix AI Network
MAN
|
0.97494006 |
details, prediction |
Beam
BEAM
|
0.9742554 |
details, prediction |
Walton
WTC
|
0.9715115 |
details, prediction |
Stox
STX
|
0.97138965 |
details, prediction |
Achain
ACT
|
0.9682982 |
details, prediction |
This report should be leaned to get most info about heading trends.
It means that Switcheo 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 Switcheo Network
Low correlated currencies
Coin |
Correlation |
Links |
First tier
|
TRON
TRX
|
-0.37824655 |
details, prediction |
Monero
XMR
|
0.6641293 |
details, prediction |
KuCoin Shares
KCS
|
0.7724627 |
details, prediction |
UNUS SED LEO
LEO
|
0.82172203 |
details, prediction |
Huobi Token
HT
|
0.83263606 |
details, prediction |
Second tier
|
USD//Coin
USDC
|
-0.62548906 |
details, prediction |
True USD
TUSD
|
-0.62256163 |
details, prediction |
Dai
DAI
|
-0.56004196 |
details, prediction |
Paxos Standard
PAX
|
-0.4351947 |
details, prediction |
EthLend
LEND
|
-0.4092942 |
details, prediction |
Third tier
|
Time New Bank
TNB
|
-0.9148607 |
details, prediction |
Gemini Dollar
GUSD
|
-0.68901515 |
details, prediction |
ILCoin
ILC
|
-0.65228236 |
details, prediction |
FeatherCoin
FTC
|
-0.60374063 |
details, prediction |
Envion
EVN
|
-0.599045 |
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)