Highly correlated currencies
Coin |
Correlation |
Links |
First tier
|
DASH
DASH
|
0.87996507 |
details, prediction |
Cardano
ADA
|
0.8646529 |
details, prediction |
Stellar
XLM
|
0.85748017 |
details, prediction |
Ethereum
ETH
|
0.84005034 |
details, prediction |
Vechain
VET
|
0.8286598 |
details, prediction |
Second tier
|
Nexo
NEXO
|
0.94263005 |
details, prediction |
MaidSafe Coin
MAID
|
0.9289377 |
details, prediction |
Augur
REP
|
0.8889148 |
details, prediction |
Verge
XVG
|
0.8753955 |
details, prediction |
Waves
WAVES
|
0.8551276 |
details, prediction |
Third tier
|
Zap
ZAP
|
0.9213614 |
details, prediction |
SpaceChain
SPC
|
0.91181225 |
details, prediction |
BORA
BORA
|
0.91066897 |
details, prediction |
Measurable Data Token
MDT
|
0.90301424 |
details, prediction |
HalalChain
HLC
|
0.9018663 |
details, prediction |
This report should be leaned to get most info about heading trends.
It means that NEM 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 NEM
Low correlated currencies
Coin |
Correlation |
Links |
First tier
|
Crypto.com Chain
CRO
|
-0.63363385 |
details, prediction |
Huobi Token
HT
|
-0.1857263 |
details, prediction |
NEO
NEO
|
0.06563634 |
details, prediction |
Maker
MKR
|
0.2225145 |
details, prediction |
Cosmos
ATOM
|
0.22753 |
details, prediction |
Second tier
|
KuCoin Shares
KCS
|
-0.67369306 |
details, prediction |
Centrality
CENNZ
|
-0.6647095 |
details, prediction |
HedgeTrade
HEDG
|
-0.62203085 |
details, prediction |
GlitzKoin
GTN
|
-0.59374964 |
details, prediction |
CyberVein
CVT
|
-0.21174924 |
details, prediction |
Third tier
|
ODEM
ODEM
|
-0.9423701 |
details, prediction |
Metaverse
ETP
|
-0.8479375 |
details, prediction |
IoT Chain
ITC
|
-0.8368008 |
details, prediction |
AMO Coin
AMO
|
-0.82386535 |
details, prediction |
FlorinCoin
FLO
|
-0.7965159 |
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)