Highly correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
Stellar
XLM
|
0.25073734 |
details, prediction |
KuCoin Shares
KCS
|
-0.07070199 |
details, prediction |
Ethereum Classic
ETC
|
-0.12191235 |
details, prediction |
TRON
TRX
|
-0.25633433 |
details, prediction |
Bitcoin Cash
BCH
|
-0.2700367 |
details, prediction |
|
Second tier
|
aelf
ELF
|
0.6078622 |
details, prediction |
Waves
WAVES
|
0.60709417 |
details, prediction |
Ravencoin
RVN
|
0.5480092 |
details, prediction |
USD//Coin
USDC
|
0.4889807 |
details, prediction |
Dai
DAI
|
0.45068023 |
details, prediction |
|
Third tier
|
ICON
ICX
|
0.7635422 |
details, prediction |
Storj
STORJ
|
0.6755416 |
details, prediction |
OPEN Platform
OPEN
|
0.44570473 |
details, prediction |
Internet of Services
IOST
|
0.42833328 |
details, prediction |
SwftCoin
SWFTC
|
0.4182807 |
details, prediction |
This report should be leaned to get most info about heading trends.
It means that Matrix AI 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 Matrix AI Network
Low correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
ChainLink
LINK
|
-0.86274594 |
details, prediction |
Monero
XMR
|
-0.82575446 |
details, prediction |
Ethereum
ETH
|
-0.7782706 |
details, prediction |
ZCash
ZEC
|
-0.7575519 |
details, prediction |
Binance Coin
BNB
|
-0.739604 |
details, prediction |
|
Second tier
|
DigiByte
DGB
|
-0.6645171 |
details, prediction |
Bitcoin SV
BSV
|
-0.6579566 |
details, prediction |
Vechain
VET
|
-0.61981916 |
details, prediction |
QTUM
QTUM
|
-0.5852239 |
details, prediction |
Horizen
ZEN
|
-0.5337605 |
details, prediction |
|
Third tier
|
Dent
DENT
|
-0.6913085 |
details, prediction |
Bancor
BNT
|
-0.5891174 |
details, prediction |
V Systems
VSYS
|
-0.50721216 |
details, prediction |
AdEx
ADX
|
-0.47815236 |
details, prediction |
Ontology
ONT
|
-0.4724278 |
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)