Highly correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
KuCoin Shares
KCS
|
0.5594747 |
details, prediction |
Stellar
XLM
|
0.48775026 |
details, prediction |
Ethereum Classic
ETC
|
0.46046963 |
details, prediction |
Bitcoin Cash
BCH
|
0.45954266 |
details, prediction |
TRON
TRX
|
0.43906346 |
details, prediction |
|
Second tier
|
Synthetix Network Token
SNX
|
0.52848035 |
details, prediction |
FTX Token
FTT
|
0.5223779 |
details, prediction |
Crypto.com Chain
CRO
|
0.5120277 |
details, prediction |
iEx.ec
RLC
|
0.49390322 |
details, prediction |
Zilliqa
ZIL
|
0.4714648 |
details, prediction |
|
Third tier
|
Achain
ACT
|
0.7242189 |
details, prediction |
SwftCoin
SWFTC
|
0.44374248 |
details, prediction |
Enjin Coin
ENJ
|
0.43207878 |
details, prediction |
Phantasma
SOUL
|
0.41787 |
details, prediction |
Gas
GAS
|
0.4162559 |
details, prediction |
This report should be leaned to get most info about heading trends.
It means that Request 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 Request Network
Low correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
Monero
XMR
|
0.1315948 |
details, prediction |
ZCash
ZEC
|
0.19960421 |
details, prediction |
Binance Coin
BNB
|
0.22778055 |
details, prediction |
Cardano
ADA
|
0.2332713 |
details, prediction |
Ethereum
ETH
|
0.24173954 |
details, prediction |
|
Second tier
|
DigiByte
DGB
|
-0.007820796 |
details, prediction |
Ravencoin
RVN
|
0.06410493 |
details, prediction |
Decred
DCR
|
0.1304717 |
details, prediction |
DASH
DASH
|
0.17882915 |
details, prediction |
Ardor
ARDR
|
0.1839152 |
details, prediction |
|
Third tier
|
NKN
NKN
|
-0.3502336 |
details, prediction |
OPEN Platform
OPEN
|
-0.19429384 |
details, prediction |
ICON
ICX
|
-0.012879855 |
details, prediction |
Matrix AI Network
MAN
|
0.017344097 |
details, prediction |
Lisk
LSK
|
0.046868768 |
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)