Highly correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
TRON
TRX
|
0.13699092 |
details, prediction |
Litecoin
LTC
|
-0.089860864 |
details, prediction |
Ethereum
ETH
|
-0.14023435 |
details, prediction |
Monero
XMR
|
-0.15006098 |
details, prediction |
ZCash
ZEC
|
-0.15527926 |
details, prediction |
|
Second tier
|
Decred
DCR
|
0.24161364 |
details, prediction |
DigiByte
DGB
|
0.2348457 |
details, prediction |
USD//Coin
USDC
|
0.14157517 |
details, prediction |
Bitcoin Gold
BTG
|
0.13147576 |
details, prediction |
HoloToken
HOT
|
0.063167706 |
details, prediction |
|
Third tier
|
SysCoin
SYS
|
0.62601787 |
details, prediction |
V Systems
VSYS
|
0.47491488 |
details, prediction |
Propy
PRO
|
0.33779976 |
details, prediction |
Dero
DERO
|
0.32714906 |
details, prediction |
Matrix AI Network
MAN
|
0.16522934 |
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
|
Dogecoin
DOGE
|
-0.71297544 |
details, prediction |
XRP
XRP
|
-0.5566287 |
details, prediction |
Ethereum Classic
ETC
|
-0.47703436 |
details, prediction |
Binance Coin
BNB
|
-0.3994268 |
details, prediction |
Stellar
XLM
|
-0.3868151 |
details, prediction |
|
Second tier
|
Nexo
NEXO
|
-0.6964029 |
details, prediction |
FTX Token
FTT
|
-0.64019704 |
details, prediction |
Theta
THETA
|
-0.6336249 |
details, prediction |
OriginTrail
TRAC
|
-0.60367644 |
details, prediction |
Verge
XVG
|
-0.5897618 |
details, prediction |
|
Third tier
|
BABB
BAX
|
-0.8156399 |
details, prediction |
Achain
ACT
|
-0.78488183 |
details, prediction |
Metal
MTL
|
-0.7156203 |
details, prediction |
PIVX
PIVX
|
-0.69380885 |
details, prediction |
Ontology
ONT
|
-0.63559765 |
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)