Highly correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
Dogecoin
DOGE
|
0.88139534 |
details, prediction |
Ethereum Classic
ETC
|
0.8493793 |
details, prediction |
Stellar
XLM
|
0.722417 |
details, prediction |
XRP
XRP
|
0.6639775 |
details, prediction |
Bitcoin Cash
BCH
|
0.63665503 |
details, prediction |
|
Second tier
|
Theta Fuel
TFUEL
|
0.9097923 |
details, prediction |
Verge
XVG
|
0.8877899 |
details, prediction |
NEO
NEO
|
0.8692833 |
details, prediction |
Siacoin
SC
|
0.8635345 |
details, prediction |
IOTA
IOT
|
0.85324043 |
details, prediction |
|
Third tier
|
Steem
STEEM
|
0.9318268 |
details, prediction |
PIVX
PIVX
|
0.90105426 |
details, prediction |
Lisk
LSK
|
0.8943075 |
details, prediction |
Gas
GAS
|
0.885748 |
details, prediction |
ARK
ARK
|
0.8723323 |
details, prediction |
This report should be leaned to get most info about heading trends.
It means that SingularityNET 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 SingularityNET
Low correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
TRON
TRX
|
0.0784535 |
details, prediction |
Monero
XMR
|
0.12209326 |
details, prediction |
Ethereum
ETH
|
0.19669455 |
details, prediction |
ChainLink
LINK
|
0.20943345 |
details, prediction |
ZCash
ZEC
|
0.3193956 |
details, prediction |
|
Second tier
|
Dai
DAI
|
-0.75425327 |
details, prediction |
DigiByte
DGB
|
-0.14807567 |
details, prediction |
USD//Coin
USDC
|
-0.110473275 |
details, prediction |
True USD
TUSD
|
-0.035236362 |
details, prediction |
Bitcoin SV
BSV
|
0.018673686 |
details, prediction |
|
Third tier
|
NKN
NKN
|
-0.63381666 |
details, prediction |
V Systems
VSYS
|
-0.3153215 |
details, prediction |
Propy
PRO
|
-0.26396844 |
details, prediction |
Matrix AI Network
MAN
|
-0.1726162 |
details, prediction |
Constellation
DAG
|
0.076414585 |
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)