Highly correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
Dogecoin
DOGE
|
0.8492821 |
details, prediction |
XRP
XRP
|
0.8465958 |
details, prediction |
Ethereum Classic
ETC
|
0.81842643 |
details, prediction |
Bitcoin
BTC
|
0.8158242 |
details, prediction |
Binance Coin
BNB
|
0.7742443 |
details, prediction |
|
Second tier
|
Nexo
NEXO
|
0.86638874 |
details, prediction |
Theta Fuel
TFUEL
|
0.83986086 |
details, prediction |
Verge
XVG
|
0.836412 |
details, prediction |
0x
ZRX
|
0.82974267 |
details, prediction |
QTUM
QTUM
|
0.8198552 |
details, prediction |
|
Third tier
|
Ontology
ONT
|
0.92095596 |
details, prediction |
Stox
STX
|
0.91856813 |
details, prediction |
PIVX
PIVX
|
0.8928981 |
details, prediction |
Gas
GAS
|
0.88870096 |
details, prediction |
Bancor
BNT
|
0.82186514 |
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
|
TRON
TRX
|
0.13396637 |
details, prediction |
KuCoin Shares
KCS
|
0.607328 |
details, prediction |
Stellar
XLM
|
0.6103335 |
details, prediction |
Cardano
ADA
|
0.64270794 |
details, prediction |
Monero
XMR
|
0.6834873 |
details, prediction |
|
Second tier
|
Ravencoin
RVN
|
-0.42305887 |
details, prediction |
USD//Coin
USDC
|
-0.32044077 |
details, prediction |
True USD
TUSD
|
-0.28191575 |
details, prediction |
aelf
ELF
|
-0.08851937 |
details, prediction |
Bitcoin Gold
BTG
|
0.055714607 |
details, prediction |
|
Third tier
|
OPEN Platform
OPEN
|
-0.7230298 |
details, prediction |
NKN
NKN
|
-0.6590625 |
details, prediction |
ICON
ICX
|
-0.60380334 |
details, prediction |
Matrix AI Network
MAN
|
-0.5700254 |
details, prediction |
Storj
STORJ
|
-0.4013323 |
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)