Highly correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
Cardano
ADA
|
0.9550773 |
details, prediction |
Ethereum Classic
ETC
|
0.95342034 |
details, prediction |
Bitcoin Cash
BCH
|
0.9527165 |
details, prediction |
Monero
XMR
|
0.934865 |
details, prediction |
Litecoin
LTC
|
0.9308952 |
details, prediction |
|
Second tier
|
Theta Fuel
TFUEL
|
0.96884644 |
details, prediction |
Waves
WAVES
|
0.96451664 |
details, prediction |
Bitcoin Gold
BTG
|
0.9621496 |
details, prediction |
Siacoin
SC
|
0.961173 |
details, prediction |
Synthetix Network Token
SNX
|
0.9549357 |
details, prediction |
|
Third tier
|
IoTeX
IOTX
|
0.9747702 |
details, prediction |
Internet of Services
IOST
|
0.96422005 |
details, prediction |
SysCoin
SYS
|
0.96002954 |
details, prediction |
PIVX
PIVX
|
0.959556 |
details, prediction |
ARK
ARK
|
0.95522475 |
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
|
-0.7863166 |
details, prediction |
UNUS SED LEO
LEO
|
0.012114021 |
details, prediction |
ZCash
ZEC
|
0.43364316 |
details, prediction |
Binance Coin
BNB
|
0.7701439 |
details, prediction |
Dogecoin
DOGE
|
0.7889033 |
details, prediction |
|
Second tier
|
Dai
DAI
|
-0.28721648 |
details, prediction |
Decred
DCR
|
-0.16545722 |
details, prediction |
True USD
TUSD
|
0.13244225 |
details, prediction |
Nexo
NEXO
|
0.31745437 |
details, prediction |
Algorand
ALGO
|
0.39499158 |
details, prediction |
|
Third tier
|
Ontology
ONT
|
-0.49561492 |
details, prediction |
OPEN Platform
OPEN
|
-0.3068231 |
details, prediction |
Enjin Coin
ENJ
|
-0.19962233 |
details, prediction |
HEROcoin
PLAY
|
-0.07759986 |
details, prediction |
LAToken
LA
|
0.07311723 |
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)