Highly correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
Bitcoin Cash
BCH
|
0.91196173 |
details, prediction |
Crypto.com Chain
CRO
|
0.79416007 |
details, prediction |
Cardano
ADA
|
0.76518637 |
details, prediction |
Ethereum Classic
ETC
|
0.36349976 |
details, prediction |
XRP
XRP
|
0.31502867 |
details, prediction |
|
Second tier
|
Theta Fuel
TFUEL
|
0.9628492 |
details, prediction |
Waves
WAVES
|
0.95610005 |
details, prediction |
Siacoin
SC
|
0.9470801 |
details, prediction |
Zilliqa
ZIL
|
0.91205907 |
details, prediction |
IOTA
IOT
|
0.88807976 |
details, prediction |
|
Third tier
|
Loopring
LRC
|
0.97775257 |
details, prediction |
Stox
STX
|
0.9261749 |
details, prediction |
Komodo
KMD
|
0.90827477 |
details, prediction |
Internet of Services
IOST
|
0.9006722 |
details, prediction |
Elastos
ELA
|
0.8806076 |
details, prediction |
This report should be leaned to get most info about heading trends.
It means that IoTeX 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 IoTeX
Low correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
TRON
TRX
|
-0.72569734 |
details, prediction |
Ethereum
ETH
|
-0.63431793 |
details, prediction |
Bitcoin
BTC
|
-0.40372032 |
details, prediction |
Monero
XMR
|
-0.21852775 |
details, prediction |
ZCash
ZEC
|
-0.18835476 |
details, prediction |
|
Second tier
|
Bitcoin SV
BSV
|
-0.467614 |
details, prediction |
Algorand
ALGO
|
-0.41811156 |
details, prediction |
Nexo
NEXO
|
-0.15629911 |
details, prediction |
HoloToken
HOT
|
-0.13507548 |
details, prediction |
True USD
TUSD
|
-0.12806708 |
details, prediction |
|
Third tier
|
V Systems
VSYS
|
-0.73295075 |
details, prediction |
Ontology
ONT
|
-0.6555589 |
details, prediction |
Steem
STEEM
|
-0.4401285 |
details, prediction |
HEROcoin
PLAY
|
-0.3686992 |
details, prediction |
Enjin Coin
ENJ
|
-0.36816978 |
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)