Highly correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
Cardano
ADA
|
0.8434333 |
details, prediction |
Crypto.com Chain
CRO
|
0.7880897 |
details, prediction |
Bitcoin Cash
BCH
|
0.77071685 |
details, prediction |
Ethereum Classic
ETC
|
0.46147385 |
details, prediction |
XRP
XRP
|
0.42532262 |
details, prediction |
|
Second tier
|
Theta Fuel
TFUEL
|
0.88417345 |
details, prediction |
Siacoin
SC
|
0.882806 |
details, prediction |
Zilliqa
ZIL
|
0.860545 |
details, prediction |
Telcoin
TEL
|
0.8568346 |
details, prediction |
Waves
WAVES
|
0.8382416 |
details, prediction |
|
Third tier
|
Komodo
KMD
|
0.93535817 |
details, prediction |
Loopring
LRC
|
0.9324962 |
details, prediction |
Internet of Services
IOST
|
0.9066101 |
details, prediction |
IoTeX
IOTX
|
0.88807976 |
details, prediction |
ARK
ARK
|
0.82090205 |
details, prediction |
This report should be leaned to get most info about heading trends.
It means that IOTA 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 IOTA
Low correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
TRON
TRX
|
-0.7197767 |
details, prediction |
Ethereum
ETH
|
-0.556322 |
details, prediction |
Bitcoin
BTC
|
-0.33186 |
details, prediction |
ZCash
ZEC
|
-0.16651726 |
details, prediction |
Monero
XMR
|
-0.13014418 |
details, prediction |
|
Second tier
|
Bitcoin SV
BSV
|
-0.322085 |
details, prediction |
True USD
TUSD
|
-0.2925399 |
details, prediction |
Algorand
ALGO
|
-0.23113136 |
details, prediction |
Nexo
NEXO
|
-0.18070158 |
details, prediction |
HoloToken
HOT
|
-0.10550455 |
details, prediction |
|
Third tier
|
V Systems
VSYS
|
-0.59782594 |
details, prediction |
Ontology
ONT
|
-0.54529256 |
details, prediction |
NKN
NKN
|
-0.49384177 |
details, prediction |
OPEN Platform
OPEN
|
-0.47095615 |
details, prediction |
HEROcoin
PLAY
|
-0.451974 |
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)