Highly correlated currencies
Coin |
Correlation |
Links |
First tier
|
Matic Network
MATIC
|
0.79381305 |
details, prediction |
IOTA
IOT
|
0.665558 |
details, prediction |
Binance Coin
BNB
|
0.65272 |
details, prediction |
Bitcoin SV
BSV
|
0.6457674 |
details, prediction |
Ethereum
ETH
|
0.63498336 |
details, prediction |
Second tier
|
Quant Network
QNT
|
0.8056332 |
details, prediction |
Digix DAO
DGD
|
0.7944713 |
details, prediction |
Stox
STX
|
0.7702246 |
details, prediction |
EthLend
LEND
|
0.76680356 |
details, prediction |
Ocean Protocol
OCEAN
|
0.74595344 |
details, prediction |
Third tier
|
Solve.Care
SOLVE
|
0.8810086 |
details, prediction |
NavCoin
NAV
|
0.85137564 |
details, prediction |
Nexus
NXS
|
0.8409378 |
details, prediction |
GoChain
GO
|
0.83465916 |
details, prediction |
Rotharium
RTH
|
0.8328211 |
details, prediction |
This report should be leaned to get most info about heading trends.
It means that Trinity Network Credit 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 Trinity Network Credit
Low correlated currencies
Coin |
Correlation |
Links |
First tier
|
UNUS SED LEO
LEO
|
-0.69238895 |
details, prediction |
Dogecoin
DOGE
|
-0.3690774 |
details, prediction |
Fantom
FTM
|
0.12353707 |
details, prediction |
Cosmos
ATOM
|
0.12814835 |
details, prediction |
Ethereum Classic
ETC
|
0.26251695 |
details, prediction |
Second tier
|
Kyber Network
KNC
|
-0.8109127 |
details, prediction |
FTX Token
FTT
|
-0.29350448 |
details, prediction |
Power Ledger
POWR
|
-0.09636306 |
details, prediction |
Propy
PRO
|
-0.020575188 |
details, prediction |
Theta Fuel
TFUEL
|
0.14830385 |
details, prediction |
Third tier
|
SmartMesh
SMT
|
-0.82098943 |
details, prediction |
SwftCoin
SWFTC
|
-0.6858507 |
details, prediction |
QASH
QASH
|
-0.59089166 |
details, prediction |
Quantstamp
QSP
|
-0.58924085 |
details, prediction |
Achain
ACT
|
-0.5737127 |
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)