Highly correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
Cardano
ADA
|
0.89700174 |
details, prediction |
Crypto.com Chain
CRO
|
0.8610139 |
details, prediction |
Bitcoin Cash
BCH
|
0.5289517 |
details, prediction |
XRP
XRP
|
0.5056047 |
details, prediction |
Ethereum Classic
ETC
|
0.49250332 |
details, prediction |
|
Second tier
|
DigiByte
DGB
|
0.8440851 |
details, prediction |
Tezos
XTZ
|
0.7823938 |
details, prediction |
Telcoin
TEL
|
0.77002764 |
details, prediction |
Theta Fuel
TFUEL
|
0.76316714 |
details, prediction |
Ardor
ARDR
|
0.74680734 |
details, prediction |
|
Third tier
|
Komodo
KMD
|
0.85416234 |
details, prediction |
Stox
STX
|
0.8455687 |
details, prediction |
NEM
XEM
|
0.7809331 |
details, prediction |
Loopring
LRC
|
0.77963614 |
details, prediction |
Propy
PRO
|
0.75200844 |
details, prediction |
This report should be leaned to get most info about heading trends.
It means that Matrix AI 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 Matrix AI Network
Low correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
TRON
TRX
|
-0.8757198 |
details, prediction |
ZCash
ZEC
|
-0.44735026 |
details, prediction |
KuCoin Shares
KCS
|
-0.3346817 |
details, prediction |
Ethereum
ETH
|
-0.27872422 |
details, prediction |
Bitcoin
BTC
|
-0.1404609 |
details, prediction |
|
Second tier
|
True USD
TUSD
|
-0.72854704 |
details, prediction |
Algorand
ALGO
|
-0.553837 |
details, prediction |
Chiliz
CHZ
|
-0.5006866 |
details, prediction |
USD//Coin
USDC
|
-0.48825052 |
details, prediction |
iEx.ec
RLC
|
-0.33356267 |
details, prediction |
|
Third tier
|
Ontology
ONT
|
-0.83442086 |
details, prediction |
HEROcoin
PLAY
|
-0.60027194 |
details, prediction |
V Systems
VSYS
|
-0.5843383 |
details, prediction |
Metal
MTL
|
-0.5438194 |
details, prediction |
Electroneum
ETN
|
-0.51176906 |
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)