Highly correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
UNUS SED LEO
LEO
|
0.95909315 |
details, prediction |
Bitcoin Cash
BCH
|
0.31623885 |
details, prediction |
TRON
TRX
|
0.15631767 |
details, prediction |
KuCoin Shares
KCS
|
0.115100875 |
details, prediction |
Litecoin
LTC
|
-0.014576333 |
details, prediction |
|
Second tier
|
USD//Coin
USDC
|
0.60593617 |
details, prediction |
True USD
TUSD
|
0.57864994 |
details, prediction |
Dai
DAI
|
0.4324855 |
details, prediction |
Waves
WAVES
|
0.24410923 |
details, prediction |
Ravencoin
RVN
|
0.20799577 |
details, prediction |
|
Third tier
|
LAToken
LA
|
0.69829875 |
details, prediction |
Phantasma
SOUL
|
0.5824822 |
details, prediction |
Ontology
ONT
|
0.4647866 |
details, prediction |
Kambria
KAT
|
0.30479008 |
details, prediction |
SingularityNET
AGI
|
0.2754981 |
details, prediction |
This report should be leaned to get most info about heading trends.
It means that NKN 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 NKN
Low correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
Monero
XMR
|
-0.46359986 |
details, prediction |
Binance Coin
BNB
|
-0.37910438 |
details, prediction |
Bitcoin
BTC
|
-0.36693504 |
details, prediction |
ZCash
ZEC
|
-0.33565027 |
details, prediction |
Dogecoin
DOGE
|
-0.28486153 |
details, prediction |
|
Second tier
|
Cosmos
ATOM
|
-0.55600387 |
details, prediction |
Telcoin
TEL
|
-0.48041782 |
details, prediction |
OriginTrail
TRAC
|
-0.4573334 |
details, prediction |
DigiByte
DGB
|
-0.42511556 |
details, prediction |
Synthetix Network Token
SNX
|
-0.42012256 |
details, prediction |
|
Third tier
|
Loopring
LRC
|
-0.80926436 |
details, prediction |
Komodo
KMD
|
-0.58472556 |
details, prediction |
Bancor
BNT
|
-0.43603322 |
details, prediction |
Stox
STX
|
-0.40701786 |
details, prediction |
NEM
XEM
|
-0.34349197 |
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)