Highly correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
Bitcoin Cash
BCH
|
0.9585974 |
details, prediction |
KuCoin Shares
KCS
|
0.92777926 |
details, prediction |
Cardano
ADA
|
0.8619753 |
details, prediction |
ZCash
ZEC
|
0.8567796 |
details, prediction |
Ethereum Classic
ETC
|
0.84673256 |
details, prediction |
|
Second tier
|
Bitcoin Gold
BTG
|
0.9944982 |
details, prediction |
Waves
WAVES
|
0.98960507 |
details, prediction |
Status
SNT
|
0.9866264 |
details, prediction |
Siacoin
SC
|
0.9862144 |
details, prediction |
Theta Fuel
TFUEL
|
0.98315626 |
details, prediction |
|
Third tier
|
IoTeX
IOTX
|
0.9881946 |
details, prediction |
Loopring
LRC
|
0.9796508 |
details, prediction |
Kleros
PNK
|
0.97877395 |
details, prediction |
Internet of Services
IOST
|
0.9725257 |
details, prediction |
ICON
ICX
|
0.97012144 |
details, prediction |
This report should be leaned to get most info about heading trends.
It means that Request 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 Request Network
Low correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
TRON
TRX
|
-0.6600772 |
details, prediction |
UNUS SED LEO
LEO
|
0.005337734 |
details, prediction |
Binance Coin
BNB
|
0.5970536 |
details, prediction |
Stellar
XLM
|
0.6097744 |
details, prediction |
Ethereum
ETH
|
0.6407426 |
details, prediction |
|
Second tier
|
Decred
DCR
|
-0.49503326 |
details, prediction |
Dai
DAI
|
-0.2559298 |
details, prediction |
True USD
TUSD
|
0.2572659 |
details, prediction |
Nexo
NEXO
|
0.26820004 |
details, prediction |
Verge
XVG
|
0.45360982 |
details, prediction |
|
Third tier
|
Dent
DENT
|
-0.42297715 |
details, prediction |
Ontology
ONT
|
-0.23921466 |
details, prediction |
Propy
PRO
|
-0.031160103 |
details, prediction |
FunFair
FUN
|
0.1294134 |
details, prediction |
OPEN Platform
OPEN
|
0.19703771 |
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)