Highly correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
Ethereum
ETH
|
0.39337084 |
details, prediction |
ZCash
ZEC
|
0.35736212 |
details, prediction |
Litecoin
LTC
|
0.31036186 |
details, prediction |
ChainLink
LINK
|
0.2895463 |
details, prediction |
Bitcoin Cash
BCH
|
0.2396818 |
details, prediction |
|
Second tier
|
DigiByte
DGB
|
0.60889065 |
details, prediction |
Bitcoin SV
BSV
|
0.43976423 |
details, prediction |
Decred
DCR
|
0.43945697 |
details, prediction |
HoloToken
HOT
|
0.39324844 |
details, prediction |
Bitcoin Gold
BTG
|
0.36145607 |
details, prediction |
|
Third tier
|
SysCoin
SYS
|
0.79072547 |
details, prediction |
V Systems
VSYS
|
0.79039586 |
details, prediction |
Dero
DERO
|
0.7561366 |
details, prediction |
Propy
PRO
|
0.56543547 |
details, prediction |
Hydro Protocol
HOT
|
0.44046453 |
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
|
Stellar
XLM
|
-0.40553468 |
details, prediction |
Dogecoin
DOGE
|
-0.11258757 |
details, prediction |
KuCoin Shares
KCS
|
-0.07332743 |
details, prediction |
Binance Coin
BNB
|
-0.06480381 |
details, prediction |
XRP
XRP
|
-6.5473854E-5 |
details, prediction |
|
Second tier
|
Dai
DAI
|
-0.6944867 |
details, prediction |
OriginTrail
TRAC
|
-0.53393495 |
details, prediction |
Telcoin
TEL
|
-0.4612256 |
details, prediction |
Cosmos
ATOM
|
-0.44973877 |
details, prediction |
Synthetix Network Token
SNX
|
-0.24397184 |
details, prediction |
|
Third tier
|
BABB
BAX
|
-0.8127364 |
details, prediction |
OPEN Platform
OPEN
|
-0.7171182 |
details, prediction |
SingularityNET
AGI
|
-0.534529 |
details, prediction |
Kambria
KAT
|
-0.43058687 |
details, prediction |
Dent
DENT
|
-0.38254443 |
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)