Highly correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
ZCash
ZEC
|
0.9036796 |
details, prediction |
Ethereum Classic
ETC
|
0.87655044 |
details, prediction |
Litecoin
LTC
|
0.85722816 |
details, prediction |
Dogecoin
DOGE
|
0.8219171 |
details, prediction |
Binance Coin
BNB
|
0.805952 |
details, prediction |
|
Second tier
|
0x
ZRX
|
0.94213015 |
details, prediction |
NEO
NEO
|
0.9211607 |
details, prediction |
Tezos
XTZ
|
0.9211361 |
details, prediction |
Theta Fuel
TFUEL
|
0.91974986 |
details, prediction |
Siacoin
SC
|
0.9192565 |
details, prediction |
|
Third tier
|
Power Ledger
POWR
|
0.9483676 |
details, prediction |
Steem
STEEM
|
0.9483074 |
details, prediction |
Civic
CVC
|
0.906301 |
details, prediction |
QuarkChain
QKC
|
0.8924104 |
details, prediction |
Metal
MTL
|
0.8899841 |
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
|
0.2334621 |
details, prediction |
KuCoin Shares
KCS
|
0.52928454 |
details, prediction |
Stellar
XLM
|
0.6916149 |
details, prediction |
Cardano
ADA
|
0.7126684 |
details, prediction |
Bitcoin Cash
BCH
|
0.7205589 |
details, prediction |
|
Second tier
|
Ravencoin
RVN
|
-0.6614161 |
details, prediction |
USD//Coin
USDC
|
-0.42837888 |
details, prediction |
True USD
TUSD
|
-0.3991349 |
details, prediction |
aelf
ELF
|
-0.08181173 |
details, prediction |
Telcoin
TEL
|
0.028474772 |
details, prediction |
|
Third tier
|
OPEN Platform
OPEN
|
-0.6791869 |
details, prediction |
HEROcoin
PLAY
|
-0.6276553 |
details, prediction |
ICON
ICX
|
-0.60896486 |
details, prediction |
Matrix AI Network
MAN
|
-0.57383925 |
details, prediction |
NKN
NKN
|
-0.54103345 |
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)