Highly correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
KuCoin Shares
KCS
|
0.8700713 |
details, prediction |
Ethereum Classic
ETC
|
0.83343226 |
details, prediction |
XRP
XRP
|
0.8147144 |
details, prediction |
Binance Coin
BNB
|
0.81196624 |
details, prediction |
Litecoin
LTC
|
0.7820089 |
details, prediction |
|
Second tier
|
Status
SNT
|
0.8857172 |
details, prediction |
Synthetix Network Token
SNX
|
0.8187875 |
details, prediction |
QTUM
QTUM
|
0.80404496 |
details, prediction |
Bitcoin Gold
BTG
|
0.7908005 |
details, prediction |
aelf
ELF
|
0.7906451 |
details, prediction |
|
Third tier
|
Lisk
LSK
|
0.82863253 |
details, prediction |
SingularityNET
AGI
|
0.7831095 |
details, prediction |
Power Ledger
POWR
|
0.7821951 |
details, prediction |
Internet of Services
IOST
|
0.76938707 |
details, prediction |
ICON
ICX
|
0.76685816 |
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
|
-0.38827452 |
details, prediction |
UNUS SED LEO
LEO
|
0.10705739 |
details, prediction |
ZCash
ZEC
|
0.18881117 |
details, prediction |
Ethereum
ETH
|
0.4911652 |
details, prediction |
Bitcoin Cash
BCH
|
0.4959329 |
details, prediction |
|
Second tier
|
Nexo
NEXO
|
-0.39898372 |
details, prediction |
Decred
DCR
|
-0.14257313 |
details, prediction |
HoloToken
HOT
|
0.1362875 |
details, prediction |
Dai
DAI
|
0.20488401 |
details, prediction |
USD//Coin
USDC
|
0.26053697 |
details, prediction |
|
Third tier
|
Propy
PRO
|
-0.35043618 |
details, prediction |
OPEN Platform
OPEN
|
-0.24934739 |
details, prediction |
Ontology
ONT
|
-0.23614627 |
details, prediction |
Dent
DENT
|
-0.16913447 |
details, prediction |
NKN
NKN
|
-0.15314259 |
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)