Highly correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
Matic Network
MATIC
|
0.79381305 |
details, prediction |
Binance Coin
BNB
|
0.65272 |
details, prediction |
Ethereum
ETH
|
0.63498336 |
details, prediction |
Cardano
ADA
|
0.63399523 |
details, prediction |
Stellar
XLM
|
0.6121072 |
details, prediction |
|
Second tier
|
Quant Network
QNT
|
0.8056332 |
details, prediction |
Digix DAO
DGD
|
0.7944713 |
details, prediction |
EthLend
LEND
|
0.76680356 |
details, prediction |
Ocean Protocol
OCEAN
|
0.74595344 |
details, prediction |
OriginTrail
TRAC
|
0.71454126 |
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 |
Ethereum Classic
ETC
|
0.26251695 |
details, prediction |
KuCoin Shares
KCS
|
0.37759018 |
details, prediction |
|
Second tier
|
FTX Token
FTT
|
-0.29350448 |
details, prediction |
Power Ledger
POWR
|
-0.09636306 |
details, prediction |
Cosmos
ATOM
|
0.12814835 |
details, prediction |
Theta Fuel
TFUEL
|
0.14830385 |
details, prediction |
Paxos Standard
PAX
|
0.24804002 |
details, prediction |
|
Third tier
|
SmartMesh
SMT
|
-0.82098943 |
details, prediction |
Kyber Network
KNC
|
-0.8109127 |
details, prediction |
SwftCoin
SWFTC
|
-0.6858507 |
details, prediction |
QASH
QASH
|
-0.59089166 |
details, prediction |
Quantstamp
QSP
|
-0.58924085 |
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)