Highly correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
Cardano
ADA
|
0.8133824 |
details, prediction |
Crypto.com Chain
CRO
|
0.78736424 |
details, prediction |
Bitcoin Cash
BCH
|
0.77770025 |
details, prediction |
Ethereum Classic
ETC
|
0.522935 |
details, prediction |
XRP
XRP
|
0.492773 |
details, prediction |
|
Second tier
|
Zilliqa
ZIL
|
0.9220321 |
details, prediction |
Decentraland
MANA
|
0.9193816 |
details, prediction |
IOTA
IOT
|
0.9066101 |
details, prediction |
Siacoin
SC
|
0.90174955 |
details, prediction |
Theta Fuel
TFUEL
|
0.8826157 |
details, prediction |
|
Third tier
|
Loopring
LRC
|
0.95245034 |
details, prediction |
Stox
STX
|
0.9197498 |
details, prediction |
IoTeX
IOTX
|
0.9006722 |
details, prediction |
ARK
ARK
|
0.89688754 |
details, prediction |
Komodo
KMD
|
0.89286405 |
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
|
-0.6578584 |
details, prediction |
Ethereum
ETH
|
-0.46181962 |
details, prediction |
Bitcoin
BTC
|
-0.21804366 |
details, prediction |
Stellar
XLM
|
-0.16057087 |
details, prediction |
Monero
XMR
|
-0.08169177 |
details, prediction |
|
Second tier
|
Bitcoin SV
BSV
|
-0.23145032 |
details, prediction |
True USD
TUSD
|
-0.21530277 |
details, prediction |
Algorand
ALGO
|
-0.17708841 |
details, prediction |
USD//Coin
USDC
|
-0.062695794 |
details, prediction |
Decred
DCR
|
-0.018069938 |
details, prediction |
|
Third tier
|
V Systems
VSYS
|
-0.60700256 |
details, prediction |
Ontology
ONT
|
-0.5731301 |
details, prediction |
NKN
NKN
|
-0.457308 |
details, prediction |
Steem
STEEM
|
-0.34566256 |
details, prediction |
OPEN Platform
OPEN
|
-0.28800616 |
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)