Highly correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
Bitcoin
BTC
|
0.9047593 |
details, prediction |
Cardano
ADA
|
0.90428126 |
details, prediction |
ZCash
ZEC
|
0.8983311 |
details, prediction |
Stellar
XLM
|
0.8933084 |
details, prediction |
Litecoin
LTC
|
0.88709843 |
details, prediction |
|
Second tier
|
Request Network
REQ
|
0.966262 |
details, prediction |
Nexo
NEXO
|
0.96281683 |
details, prediction |
Synthetix Network Token
SNX
|
0.95650035 |
details, prediction |
QTUM
QTUM
|
0.95377034 |
details, prediction |
Bitcoin Gold
BTG
|
0.9531457 |
details, prediction |
|
Third tier
|
Bancor
BNT
|
0.9670314 |
details, prediction |
Lisk
LSK
|
0.9631976 |
details, prediction |
BABB
BAX
|
0.94975185 |
details, prediction |
IoTeX
IOTX
|
0.94657594 |
details, prediction |
ICON
ICX
|
0.94623154 |
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
|
-0.22940177 |
details, prediction |
Binance Coin
BNB
|
-0.08450845 |
details, prediction |
Dogecoin
DOGE
|
0.4784492 |
details, prediction |
XRP
XRP
|
0.59124154 |
details, prediction |
Crypto.com Chain
CRO
|
0.6573666 |
details, prediction |
|
Second tier
|
Dai
DAI
|
-0.37178347 |
details, prediction |
True USD
TUSD
|
-0.30679122 |
details, prediction |
Zilliqa
ZIL
|
0.06806916 |
details, prediction |
Ardor
ARDR
|
0.19700773 |
details, prediction |
Verge
XVG
|
0.37617385 |
details, prediction |
|
Third tier
|
Constellation
DAG
|
-0.62031215 |
details, prediction |
HEROcoin
PLAY
|
-0.4891271 |
details, prediction |
BOScoin
BOS
|
-0.0288373 |
details, prediction |
Dero
DERO
|
-0.024688862 |
details, prediction |
Elastos
ELA
|
0.55214447 |
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)