Highly correlated currencies
Coin |
Correlation |
Links |
First tier
|
Matic Network
MATIC
|
0.9624335 |
details, prediction |
Crypto.com Chain
CRO
|
0.95968395 |
details, prediction |
Tezos
XTZ
|
0.9594173 |
details, prediction |
Litecoin
LTC
|
0.957872 |
details, prediction |
FTX Token
FTT
|
0.9557894 |
details, prediction |
Second tier
|
Ravencoin
RVN
|
0.9687952 |
details, prediction |
OmiseGo
OMG
|
0.9622284 |
details, prediction |
Horizen
ZEN
|
0.9620176 |
details, prediction |
Enjin Coin
ENJ
|
0.95994484 |
details, prediction |
IoTeX
IOTX
|
0.9593532 |
details, prediction |
Third tier
|
WAX
WAX
|
0.9695736 |
details, prediction |
Bitshares
BTS
|
0.9598449 |
details, prediction |
V Systems
VSYS
|
0.9581616 |
details, prediction |
Stox
STX
|
0.9555941 |
details, prediction |
Callisto Network
CLO
|
0.9537137 |
details, prediction |
This report should be leaned to get most info about heading trends.
It means that XYO 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 XYO Network
Low correlated currencies
Coin |
Correlation |
Links |
First tier
|
TRON
TRX
|
-0.56470454 |
details, prediction |
Monero
XMR
|
0.6735087 |
details, prediction |
KuCoin Shares
KCS
|
0.81518173 |
details, prediction |
Huobi Token
HT
|
0.8738472 |
details, prediction |
Dogecoin
DOGE
|
0.8838183 |
details, prediction |
Second tier
|
USD//Coin
USDC
|
-0.5541619 |
details, prediction |
True USD
TUSD
|
-0.5445107 |
details, prediction |
Dai
DAI
|
-0.5319415 |
details, prediction |
EthLend
LEND
|
-0.42663574 |
details, prediction |
Paxos Standard
PAX
|
-0.33269048 |
details, prediction |
Third tier
|
Time New Bank
TNB
|
-0.8273728 |
details, prediction |
FeatherCoin
FTC
|
-0.6128517 |
details, prediction |
Gemini Dollar
GUSD
|
-0.6056786 |
details, prediction |
ILCoin
ILC
|
-0.602215 |
details, prediction |
DADI
DADI
|
-0.513643 |
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)