Highly correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
KuCoin Shares
KCS
|
0.5847842 |
details, prediction |
Bitcoin Cash
BCH
|
0.53456944 |
details, prediction |
XRP
XRP
|
0.3343046 |
details, prediction |
Cardano
ADA
|
0.27687338 |
details, prediction |
Ethereum Classic
ETC
|
0.14964506 |
details, prediction |
|
Second tier
|
Decentraland
MANA
|
0.64626026 |
details, prediction |
Basic Attention Token
BAT
|
0.60938483 |
details, prediction |
Waves
WAVES
|
0.60830027 |
details, prediction |
Zilliqa
ZIL
|
0.5996108 |
details, prediction |
Theta Fuel
TFUEL
|
0.573159 |
details, prediction |
|
Third tier
|
Loopring
LRC
|
0.95352715 |
details, prediction |
HEROcoin
PLAY
|
0.6529692 |
details, prediction |
AdEx
ADX
|
0.6502577 |
details, prediction |
Chronobank
TIME
|
0.61196244 |
details, prediction |
ICON
ICX
|
0.60723054 |
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
|
TRON
TRX
|
-0.3456144 |
details, prediction |
Ethereum
ETH
|
-0.17170057 |
details, prediction |
Monero
XMR
|
-0.100412816 |
details, prediction |
Litecoin
LTC
|
-0.08149637 |
details, prediction |
Bitcoin
BTC
|
-0.06922505 |
details, prediction |
|
Second tier
|
Decred
DCR
|
-0.20543171 |
details, prediction |
Algorand
ALGO
|
-0.14358473 |
details, prediction |
Bitcoin SV
BSV
|
-0.12839538 |
details, prediction |
Dai
DAI
|
-0.02681738 |
details, prediction |
DASH
DASH
|
-0.007580229 |
details, prediction |
|
Third tier
|
V Systems
VSYS
|
-0.55427307 |
details, prediction |
Dent
DENT
|
-0.4536222 |
details, prediction |
Steem
STEEM
|
-0.36541376 |
details, prediction |
FunFair
FUN
|
-0.32067278 |
details, prediction |
BABB
BAX
|
-0.29566565 |
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)