Highly correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
Ethereum Classic
ETC
|
0.84125614 |
details, prediction |
Dogecoin
DOGE
|
0.8295344 |
details, prediction |
Stellar
XLM
|
0.7456255 |
details, prediction |
XRP
XRP
|
0.6580398 |
details, prediction |
KuCoin Shares
KCS
|
0.61103225 |
details, prediction |
|
Second tier
|
IOTA
IOT
|
0.87625027 |
details, prediction |
Algorand
ALGO
|
0.83042926 |
details, prediction |
Crypto.com Chain
CRO
|
0.82482487 |
details, prediction |
Nexo
NEXO
|
0.80879706 |
details, prediction |
OriginTrail
TRAC
|
0.806191 |
details, prediction |
|
Third tier
|
Kyber Network
KNC
|
0.8347136 |
details, prediction |
PIVX
PIVX
|
0.8305664 |
details, prediction |
SingularityNET
AGI
|
0.8035629 |
details, prediction |
Gas
GAS
|
0.76602495 |
details, prediction |
BABB
BAX
|
0.7545447 |
details, prediction |
This report should be leaned to get most info about heading trends.
It means that NEO 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 NEO
Low correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
TRON
TRX
|
-0.096814536 |
details, prediction |
Monero
XMR
|
0.16587086 |
details, prediction |
Cardano
ADA
|
0.20890243 |
details, prediction |
Ethereum
ETH
|
0.2738742 |
details, prediction |
ChainLink
LINK
|
0.28125226 |
details, prediction |
|
Second tier
|
Dai
DAI
|
-0.3403689 |
details, prediction |
DigiByte
DGB
|
-0.15119375 |
details, prediction |
USD//Coin
USDC
|
-0.039417494 |
details, prediction |
True USD
TUSD
|
0.014159039 |
details, prediction |
Bitcoin SV
BSV
|
0.07120234 |
details, prediction |
|
Third tier
|
NKN
NKN
|
-0.66395366 |
details, prediction |
V Systems
VSYS
|
-0.35469565 |
details, prediction |
Matrix AI Network
MAN
|
-0.17382833 |
details, prediction |
Dero
DERO
|
-0.12068597 |
details, prediction |
Constellation
DAG
|
-0.10384269 |
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)