Highly correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
Dogecoin
DOGE
|
0.9721575 |
details, prediction |
Ethereum Classic
ETC
|
0.9162791 |
details, prediction |
XRP
XRP
|
0.8954497 |
details, prediction |
KuCoin Shares
KCS
|
0.76043886 |
details, prediction |
Bitcoin Cash
BCH
|
0.7062272 |
details, prediction |
|
Second tier
|
IOTA
IOT
|
0.9707218 |
details, prediction |
iEx.ec
RLC
|
0.96642876 |
details, prediction |
Siacoin
SC
|
0.9595114 |
details, prediction |
Verge
XVG
|
0.9572569 |
details, prediction |
NEO
NEO
|
0.95460206 |
details, prediction |
|
Third tier
|
Internet of Services
IOST
|
0.9818664 |
details, prediction |
SwftCoin
SWFTC
|
0.9784812 |
details, prediction |
Stox
STX
|
0.96598226 |
details, prediction |
Steem
STEEM
|
0.9633103 |
details, prediction |
ARK
ARK
|
0.96276677 |
details, prediction |
This report should be leaned to get most info about heading trends.
It means that SingularityNET 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 SingularityNET
Low correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
Monero
XMR
|
-0.034748066 |
details, prediction |
Ethereum
ETH
|
0.09642013 |
details, prediction |
ChainLink
LINK
|
0.26300308 |
details, prediction |
ZCash
ZEC
|
0.26415747 |
details, prediction |
TRON
TRX
|
0.26961428 |
details, prediction |
|
Second tier
|
Dai
DAI
|
-0.71220577 |
details, prediction |
DigiByte
DGB
|
-0.32903966 |
details, prediction |
USD//Coin
USDC
|
-0.26215124 |
details, prediction |
True USD
TUSD
|
-0.15520215 |
details, prediction |
Bitcoin SV
BSV
|
-0.055925228 |
details, prediction |
|
Third tier
|
NKN
NKN
|
-0.534529 |
details, prediction |
Propy
PRO
|
-0.47087884 |
details, prediction |
V Systems
VSYS
|
-0.45465744 |
details, prediction |
Phantasma
SOUL
|
-0.1126718 |
details, prediction |
Matrix AI Network
MAN
|
-0.10976562 |
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)