Highly correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
UNUS SED LEO
LEO
|
0.9325114 |
details, prediction |
Dogecoin
DOGE
|
0.6982077 |
details, prediction |
Bitcoin
BTC
|
0.6917532 |
details, prediction |
Ethereum Classic
ETC
|
0.678494 |
details, prediction |
KuCoin Shares
KCS
|
0.67066324 |
details, prediction |
|
Second tier
|
iEx.ec
RLC
|
0.75176936 |
details, prediction |
Horizen
ZEN
|
0.7209947 |
details, prediction |
Ravencoin
RVN
|
0.6977109 |
details, prediction |
0x
ZRX
|
0.69380224 |
details, prediction |
Status
SNT
|
0.6765448 |
details, prediction |
|
Third tier
|
LAToken
LA
|
0.7448806 |
details, prediction |
Metal
MTL
|
0.7097612 |
details, prediction |
Civic
CVC
|
0.6989885 |
details, prediction |
Elastos
ELA
|
0.6945514 |
details, prediction |
Hydro Protocol
HOT
|
0.6706469 |
details, prediction |
This report should be leaned to get most info about heading trends.
It means that Kyber Network 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 Kyber Network
Low correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
Stellar
XLM
|
-0.39183953 |
details, prediction |
ZCash
ZEC
|
0.1948813 |
details, prediction |
TRON
TRX
|
0.2006121 |
details, prediction |
Binance Coin
BNB
|
0.27599218 |
details, prediction |
Crypto.com Chain
CRO
|
0.5138738 |
details, prediction |
|
Second tier
|
Dai
DAI
|
-0.4061633 |
details, prediction |
USD//Coin
USDC
|
-0.25520235 |
details, prediction |
OriginTrail
TRAC
|
-0.24982142 |
details, prediction |
Telcoin
TEL
|
-0.13444975 |
details, prediction |
DigiByte
DGB
|
0.064220406 |
details, prediction |
|
Third tier
|
Loopring
LRC
|
-0.61061656 |
details, prediction |
Komodo
KMD
|
-0.44069743 |
details, prediction |
FunFair
FUN
|
-0.11398159 |
details, prediction |
Matrix AI Network
MAN
|
0.09141279 |
details, prediction |
OPEN Platform
OPEN
|
0.11932048 |
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)