Highly correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
Cardano
ADA
|
0.92726624 |
details, prediction |
KuCoin Shares
KCS
|
0.923175 |
details, prediction |
ZCash
ZEC
|
0.91022635 |
details, prediction |
Ethereum Classic
ETC
|
0.9091718 |
details, prediction |
Bitcoin Cash
BCH
|
0.9033989 |
details, prediction |
|
Second tier
|
Theta Fuel
TFUEL
|
0.9877935 |
details, prediction |
Status
SNT
|
0.98646814 |
details, prediction |
Bitcoin Gold
BTG
|
0.9863999 |
details, prediction |
QTUM
QTUM
|
0.97761387 |
details, prediction |
Request Network
REQ
|
0.9725257 |
details, prediction |
|
Third tier
|
ICON
ICX
|
0.9845997 |
details, prediction |
IoTeX
IOTX
|
0.9825793 |
details, prediction |
Kleros
PNK
|
0.9763147 |
details, prediction |
SysCoin
SYS
|
0.976062 |
details, prediction |
Storj
STORJ
|
0.97398293 |
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
|
-0.66360074 |
details, prediction |
UNUS SED LEO
LEO
|
0.16585885 |
details, prediction |
Binance Coin
BNB
|
0.6720697 |
details, prediction |
ChainLink
LINK
|
0.7232041 |
details, prediction |
Stellar
XLM
|
0.7260954 |
details, prediction |
|
Second tier
|
Decred
DCR
|
-0.355813 |
details, prediction |
Dai
DAI
|
-0.32484055 |
details, prediction |
True USD
TUSD
|
0.19899191 |
details, prediction |
Nexo
NEXO
|
0.33717325 |
details, prediction |
Verge
XVG
|
0.48632905 |
details, prediction |
|
Third tier
|
Dent
DENT
|
-0.26581198 |
details, prediction |
Ontology
ONT
|
-0.21886833 |
details, prediction |
Propy
PRO
|
0.0594082 |
details, prediction |
NKN
NKN
|
0.17179322 |
details, prediction |
OPEN Platform
OPEN
|
0.17815049 |
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)