Highly correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
Bitcoin Cash
BCH
|
0.20656225 |
details, prediction |
Litecoin
LTC
|
0.2051336 |
details, prediction |
Crypto.com Chain
CRO
|
0.20227775 |
details, prediction |
Cardano
ADA
|
0.20224692 |
details, prediction |
KuCoin Shares
KCS
|
0.20037702 |
details, prediction |
|
Second tier
|
Verge
XVG
|
0.24813244 |
details, prediction |
Nexo
NEXO
|
0.23775914 |
details, prediction |
Waves
WAVES
|
0.23579542 |
details, prediction |
Decred
DCR
|
0.19560635 |
details, prediction |
HoloToken
HOT
|
0.1879124 |
details, prediction |
|
Third tier
|
NKN
NKN
|
0.4071706 |
details, prediction |
Propy
PRO
|
0.3080078 |
details, prediction |
Dent
DENT
|
0.30636275 |
details, prediction |
SysCoin
SYS
|
0.2835294 |
details, prediction |
Phantasma
SOUL
|
0.27134067 |
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
|
Stellar
XLM
|
-0.217133 |
details, prediction |
ZCash
ZEC
|
-0.13133094 |
details, prediction |
TRON
TRX
|
-0.117323995 |
details, prediction |
Binance Coin
BNB
|
0.020280905 |
details, prediction |
Monero
XMR
|
0.028695015 |
details, prediction |
|
Second tier
|
Algorand
ALGO
|
-0.23037265 |
details, prediction |
OriginTrail
TRAC
|
-0.16841932 |
details, prediction |
Telcoin
TEL
|
-0.15531532 |
details, prediction |
Cosmos
ATOM
|
-0.07101877 |
details, prediction |
Basic Attention Token
BAT
|
-0.05511319 |
details, prediction |
|
Third tier
|
HEROcoin
PLAY
|
-0.26376665 |
details, prediction |
V Systems
VSYS
|
-0.18179438 |
details, prediction |
Enjin Coin
ENJ
|
-0.08578892 |
details, prediction |
Ontology
ONT
|
-0.07610291 |
details, prediction |
OPEN Platform
OPEN
|
-0.013151801 |
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)