Highly correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
Crypto.com Chain
CRO
|
0.82504815 |
details, prediction |
Bitcoin Cash
BCH
|
0.75337994 |
details, prediction |
Cardano
ADA
|
0.7304902 |
details, prediction |
Dogecoin
DOGE
|
0.6179598 |
details, prediction |
XRP
XRP
|
0.45206976 |
details, prediction |
|
Second tier
|
Bitcoin Gold
BTG
|
0.8426983 |
details, prediction |
Waves
WAVES
|
0.826803 |
details, prediction |
Siacoin
SC
|
0.80403 |
details, prediction |
Telcoin
TEL
|
0.7199196 |
details, prediction |
Tezos
XTZ
|
0.68712926 |
details, prediction |
|
Third tier
|
Constellation
DAG
|
0.88648677 |
details, prediction |
Stox
STX
|
0.8314306 |
details, prediction |
SwftCoin
SWFTC
|
0.7787081 |
details, prediction |
Loopring
LRC
|
0.75059503 |
details, prediction |
PIVX
PIVX
|
0.7431685 |
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
|
-0.660963 |
details, prediction |
Ethereum
ETH
|
-0.30745518 |
details, prediction |
KuCoin Shares
KCS
|
-0.30500203 |
details, prediction |
Bitcoin
BTC
|
-0.250162 |
details, prediction |
ZCash
ZEC
|
-0.22818732 |
details, prediction |
|
Second tier
|
True USD
TUSD
|
-0.5797263 |
details, prediction |
Algorand
ALGO
|
-0.48218068 |
details, prediction |
Bitcoin SV
BSV
|
-0.3578853 |
details, prediction |
Chiliz
CHZ
|
-0.3216787 |
details, prediction |
iEx.ec
RLC
|
-0.3163583 |
details, prediction |
|
Third tier
|
HEROcoin
PLAY
|
-0.63387495 |
details, prediction |
V Systems
VSYS
|
-0.6040023 |
details, prediction |
Ontology
ONT
|
-0.5545251 |
details, prediction |
OPEN Platform
OPEN
|
-0.5038416 |
details, prediction |
Metal
MTL
|
-0.3856465 |
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)