Highly correlated currencies
Coin |
Correlation |
Links |
First tier
|
IOTA
IOT
|
0.9250731 |
details, prediction |
Matic Network
MATIC
|
0.9196249 |
details, prediction |
Decentraland
MANA
|
0.91634905 |
details, prediction |
ChainLink
LINK
|
0.91502225 |
details, prediction |
Tezos
XTZ
|
0.8938941 |
details, prediction |
Second tier
|
Ravencoin
RVN
|
0.91026044 |
details, prediction |
XYO Network
XYO
|
0.90680593 |
details, prediction |
Bancor
BNT
|
0.8998127 |
details, prediction |
Enjin Coin
ENJ
|
0.891802 |
details, prediction |
Algorand
ALGO
|
0.88988334 |
details, prediction |
Third tier
|
IoT Chain
ITC
|
0.92161435 |
details, prediction |
Atlas Protocol
ATP
|
0.913383 |
details, prediction |
Egretia
EGT
|
0.90610886 |
details, prediction |
Walton
WTC
|
0.90445566 |
details, prediction |
Kleros
PNK
|
0.8968951 |
details, prediction |
This report should be leaned to get most info about heading trends.
It means that U 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 U network
Low correlated currencies
Coin |
Correlation |
Links |
First tier
|
TRON
TRX
|
-0.34483764 |
details, prediction |
Monero
XMR
|
-0.21593037 |
details, prediction |
ZCash
ZEC
|
0.25330123 |
details, prediction |
Waves
WAVES
|
0.26690534 |
details, prediction |
UNUS SED LEO
LEO
|
0.32596967 |
details, prediction |
Second tier
|
Dai
DAI
|
-0.6995862 |
details, prediction |
USD//Coin
USDC
|
-0.6773593 |
details, prediction |
Paxos Standard
PAX
|
-0.6501839 |
details, prediction |
True USD
TUSD
|
-0.3807582 |
details, prediction |
EthLend
LEND
|
-0.35320792 |
details, prediction |
Third tier
|
Time New Bank
TNB
|
-0.8232572 |
details, prediction |
FeatherCoin
FTC
|
-0.7310644 |
details, prediction |
Envion
EVN
|
-0.61522347 |
details, prediction |
Crypviser
CVCOIN
|
-0.61472267 |
details, prediction |
ILCoin
ILC
|
-0.606294 |
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)