Highly correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
KuCoin Shares
KCS
|
0.26956204 |
details, prediction |
ZCash
ZEC
|
0.18251415 |
details, prediction |
Ethereum
ETH
|
0.15439796 |
details, prediction |
Bitcoin Cash
BCH
|
0.111553214 |
details, prediction |
Litecoin
LTC
|
0.10680477 |
details, prediction |
|
Second tier
|
Bitcoin SV
BSV
|
0.39630497 |
details, prediction |
HoloToken
HOT
|
0.3667966 |
details, prediction |
True USD
TUSD
|
0.32606778 |
details, prediction |
USD//Coin
USDC
|
0.32383698 |
details, prediction |
0x
ZRX
|
0.15780903 |
details, prediction |
|
Third tier
|
Propy
PRO
|
0.55518496 |
details, prediction |
Phantasma
SOUL
|
0.42365682 |
details, prediction |
Hydro Protocol
HOT
|
0.3458219 |
details, prediction |
SysCoin
SYS
|
0.24859256 |
details, prediction |
Constellation
DAG
|
0.23693442 |
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
|
Binance Coin
BNB
|
-0.1912325 |
details, prediction |
Dogecoin
DOGE
|
-0.14632846 |
details, prediction |
Monero
XMR
|
-0.06565232 |
details, prediction |
Stellar
XLM
|
-0.06501452 |
details, prediction |
Cardano
ADA
|
-0.009536764 |
details, prediction |
|
Second tier
|
Ardor
ARDR
|
-0.38951883 |
details, prediction |
OriginTrail
TRAC
|
-0.28043452 |
details, prediction |
DigiByte
DGB
|
-0.26264712 |
details, prediction |
Decred
DCR
|
-0.19780391 |
details, prediction |
IOTA
IOT
|
-0.18458866 |
details, prediction |
|
Third tier
|
HEROcoin
PLAY
|
-0.3091231 |
details, prediction |
Dent
DENT
|
-0.24831063 |
details, prediction |
OPEN Platform
OPEN
|
-0.20149441 |
details, prediction |
IoTeX
IOTX
|
-0.20059164 |
details, prediction |
QuarkChain
QKC
|
-0.19630839 |
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)