Highly correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
Bitcoin Cash
BCH
|
0.92553365 |
details, prediction |
KuCoin Shares
KCS
|
0.9124176 |
details, prediction |
Ethereum Classic
ETC
|
0.89230245 |
details, prediction |
ZCash
ZEC
|
0.8759417 |
details, prediction |
Cardano
ADA
|
0.8660321 |
details, prediction |
|
Second tier
|
Status
SNT
|
0.9557358 |
details, prediction |
FTX Token
FTT
|
0.95267195 |
details, prediction |
iEx.ec
RLC
|
0.95153844 |
details, prediction |
Waves
WAVES
|
0.9513471 |
details, prediction |
Basic Attention Token
BAT
|
0.9502356 |
details, prediction |
|
Third tier
|
Kleros
PNK
|
0.9538783 |
details, prediction |
ICON
ICX
|
0.9470172 |
details, prediction |
IoTeX
IOTX
|
0.9469382 |
details, prediction |
PIVX
PIVX
|
0.9428366 |
details, prediction |
Storj
STORJ
|
0.9386734 |
details, prediction |
This report should be leaned to get most info about heading trends.
It means that Kyber 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 Kyber Network
Low correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
TRON
TRX
|
-0.55475926 |
details, prediction |
UNUS SED LEO
LEO
|
0.09307696 |
details, prediction |
Binance Coin
BNB
|
0.55793 |
details, prediction |
Dogecoin
DOGE
|
0.7019288 |
details, prediction |
Ethereum
ETH
|
0.70864105 |
details, prediction |
|
Second tier
|
Decred
DCR
|
-0.54584986 |
details, prediction |
Dai
DAI
|
-0.3255576 |
details, prediction |
True USD
TUSD
|
0.28149262 |
details, prediction |
Verge
XVG
|
0.35617515 |
details, prediction |
Nexo
NEXO
|
0.3778418 |
details, prediction |
|
Third tier
|
Dent
DENT
|
-0.32615978 |
details, prediction |
Ontology
ONT
|
-0.11288879 |
details, prediction |
Propy
PRO
|
0.025682267 |
details, prediction |
BABB
BAX
|
0.19757958 |
details, prediction |
HEROcoin
PLAY
|
0.23233753 |
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)