Highly correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
Dogecoin
DOGE
|
0.53367096 |
details, prediction |
Stellar
XLM
|
0.4795623 |
details, prediction |
Ethereum Classic
ETC
|
0.36699852 |
details, prediction |
KuCoin Shares
KCS
|
0.2941958 |
details, prediction |
XRP
XRP
|
0.20013951 |
details, prediction |
|
Second tier
|
FTX Token
FTT
|
0.64293647 |
details, prediction |
iEx.ec
RLC
|
0.6366232 |
details, prediction |
IOTA
IOT
|
0.624527 |
details, prediction |
Chiliz
CHZ
|
0.61580396 |
details, prediction |
Synthetix Network Token
SNX
|
0.6125224 |
details, prediction |
|
Third tier
|
Achain
ACT
|
0.74638283 |
details, prediction |
SwftCoin
SWFTC
|
0.6197598 |
details, prediction |
Kambria
KAT
|
0.60724604 |
details, prediction |
PIVX
PIVX
|
0.6017451 |
details, prediction |
ARK
ARK
|
0.5928551 |
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
|
Monero
XMR
|
-0.17555632 |
details, prediction |
ZCash
ZEC
|
-0.1572438 |
details, prediction |
Ethereum
ETH
|
-0.14643775 |
details, prediction |
ChainLink
LINK
|
-0.12038131 |
details, prediction |
Cardano
ADA
|
-0.09914403 |
details, prediction |
|
Second tier
|
Decred
DCR
|
-0.33943662 |
details, prediction |
DigiByte
DGB
|
-0.32239574 |
details, prediction |
Dai
DAI
|
-0.24527048 |
details, prediction |
Bitcoin SV
BSV
|
-0.21630587 |
details, prediction |
HoloToken
HOT
|
-0.093219675 |
details, prediction |
|
Third tier
|
NKN
NKN
|
-0.58677584 |
details, prediction |
V Systems
VSYS
|
-0.42160425 |
details, prediction |
SysCoin
SYS
|
-0.3834072 |
details, prediction |
Propy
PRO
|
-0.2001293 |
details, prediction |
Hydro Protocol
HOT
|
-0.10738978 |
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)