Highly correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
Crypto.com Chain
CRO
|
0.6904625 |
details, prediction |
Bitcoin Cash
BCH
|
0.6793494 |
details, prediction |
Litecoin
LTC
|
0.5388926 |
details, prediction |
Cardano
ADA
|
0.5358903 |
details, prediction |
KuCoin Shares
KCS
|
0.52878416 |
details, prediction |
|
Second tier
|
Bitcoin Gold
BTG
|
0.75745815 |
details, prediction |
Verge
XVG
|
0.72524166 |
details, prediction |
Decred
DCR
|
0.7202057 |
details, prediction |
Waves
WAVES
|
0.6572651 |
details, prediction |
Theta Fuel
TFUEL
|
0.5882924 |
details, prediction |
|
Third tier
|
LAToken
LA
|
0.8203695 |
details, prediction |
Dent
DENT
|
0.79300153 |
details, prediction |
SingularityNET
AGI
|
0.72654516 |
details, prediction |
SysCoin
SYS
|
0.7178396 |
details, prediction |
BABB
BAX
|
0.71604484 |
details, prediction |
This report should be leaned to get most info about heading trends.
It means that NKN 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 NKN
Low correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
ZCash
ZEC
|
-0.61209357 |
details, prediction |
Stellar
XLM
|
-0.37875393 |
details, prediction |
Monero
XMR
|
-0.21269166 |
details, prediction |
TRON
TRX
|
-0.20051588 |
details, prediction |
Binance Coin
BNB
|
-0.021972414 |
details, prediction |
|
Second tier
|
OriginTrail
TRAC
|
-0.58902514 |
details, prediction |
Cosmos
ATOM
|
-0.48070312 |
details, prediction |
Telcoin
TEL
|
-0.45785788 |
details, prediction |
DASH
DASH
|
-0.2593698 |
details, prediction |
Algorand
ALGO
|
-0.12115566 |
details, prediction |
|
Third tier
|
OPEN Platform
OPEN
|
-0.4609855 |
details, prediction |
Enjin Coin
ENJ
|
-0.14681217 |
details, prediction |
V Systems
VSYS
|
-0.09538497 |
details, prediction |
HEROcoin
PLAY
|
-0.07263586 |
details, prediction |
Bancor
BNT
|
-0.025878744 |
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)