Highly correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
ZCash
ZEC
|
0.66564023 |
details, prediction |
Ethereum Classic
ETC
|
0.6612799 |
details, prediction |
Litecoin
LTC
|
0.58175164 |
details, prediction |
Dogecoin
DOGE
|
0.52803856 |
details, prediction |
Binance Coin
BNB
|
0.5055176 |
details, prediction |
|
Second tier
|
Siacoin
SC
|
0.756407 |
details, prediction |
Cosmos
ATOM
|
0.7482872 |
details, prediction |
DASH
DASH
|
0.71859074 |
details, prediction |
Horizen
ZEN
|
0.68957925 |
details, prediction |
Verge
XVG
|
0.68186134 |
details, prediction |
|
Third tier
|
PIVX
PIVX
|
0.8992082 |
details, prediction |
QuarkChain
QKC
|
0.7425854 |
details, prediction |
Kyber Network
KNC
|
0.6696364 |
details, prediction |
Power Ledger
POWR
|
0.6689726 |
details, prediction |
Steem
STEEM
|
0.61825204 |
details, prediction |
This report should be leaned to get most info about heading trends.
It means that Internet of Services 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 Internet of Services
Low correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
TRON
TRX
|
-0.1017409 |
details, prediction |
KuCoin Shares
KCS
|
0.20142578 |
details, prediction |
Cardano
ADA
|
0.42162678 |
details, prediction |
Ethereum
ETH
|
0.4271031 |
details, prediction |
Bitcoin
BTC
|
0.44695067 |
details, prediction |
|
Second tier
|
USD//Coin
USDC
|
-0.43362 |
details, prediction |
True USD
TUSD
|
-0.42401975 |
details, prediction |
Ravencoin
RVN
|
-0.41276208 |
details, prediction |
aelf
ELF
|
-0.23294099 |
details, prediction |
Bitcoin Gold
BTG
|
0.010090655 |
details, prediction |
|
Third tier
|
HEROcoin
PLAY
|
-0.5833967 |
details, prediction |
OPEN Platform
OPEN
|
-0.56728107 |
details, prediction |
Propy
PRO
|
-0.3537862 |
details, prediction |
ICON
ICX
|
-0.3273872 |
details, prediction |
Matrix AI Network
MAN
|
-0.3132826 |
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)