Highly correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
Bitcoin Cash
BCH
|
0.9443936 |
details, prediction |
Litecoin
LTC
|
0.822643 |
details, prediction |
Crypto.com Chain
CRO
|
0.8149651 |
details, prediction |
Cardano
ADA
|
0.75416523 |
details, prediction |
XRP
XRP
|
0.7119083 |
details, prediction |
|
Second tier
|
aelf
ELF
|
0.93304616 |
details, prediction |
Waves
WAVES
|
0.9095775 |
details, prediction |
Theta Fuel
TFUEL
|
0.8567711 |
details, prediction |
Bitcoin Gold
BTG
|
0.8470521 |
details, prediction |
Vechain
VET
|
0.84626746 |
details, prediction |
|
Third tier
|
SysCoin
SYS
|
0.97568136 |
details, prediction |
LAToken
LA
|
0.9748029 |
details, prediction |
Steem
STEEM
|
0.9265802 |
details, prediction |
PIVX
PIVX
|
0.9216849 |
details, prediction |
Lisk
LSK
|
0.86401653 |
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
|
ZCash
ZEC
|
-0.8390482 |
details, prediction |
TRON
TRX
|
-0.6430231 |
details, prediction |
Stellar
XLM
|
-0.54109085 |
details, prediction |
Monero
XMR
|
-0.34535626 |
details, prediction |
Binance Coin
BNB
|
-0.3172669 |
details, prediction |
|
Second tier
|
OriginTrail
TRAC
|
-0.7900381 |
details, prediction |
Telcoin
TEL
|
-0.6748447 |
details, prediction |
Cosmos
ATOM
|
-0.43517792 |
details, prediction |
DASH
DASH
|
-0.4277578 |
details, prediction |
Algorand
ALGO
|
-0.36488092 |
details, prediction |
|
Third tier
|
V Systems
VSYS
|
-0.75203866 |
details, prediction |
HEROcoin
PLAY
|
-0.4302662 |
details, prediction |
OPEN Platform
OPEN
|
-0.24211973 |
details, prediction |
Bancor
BNT
|
-0.2403242 |
details, prediction |
Constellation
DAG
|
-0.16690105 |
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)