Highly correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
Dogecoin
DOGE
|
0.97335577 |
details, prediction |
XRP
XRP
|
0.952549 |
details, prediction |
Ethereum Classic
ETC
|
0.9492569 |
details, prediction |
Bitcoin Cash
BCH
|
0.9352528 |
details, prediction |
Bitcoin
BTC
|
0.9107826 |
details, prediction |
|
Second tier
|
Ravencoin
RVN
|
0.9834949 |
details, prediction |
Waves
WAVES
|
0.98156303 |
details, prediction |
Verge
XVG
|
0.9718599 |
details, prediction |
Theta Fuel
TFUEL
|
0.971523 |
details, prediction |
Zilliqa
ZIL
|
0.9672029 |
details, prediction |
|
Third tier
|
ARK
ARK
|
0.9768611 |
details, prediction |
Gas
GAS
|
0.9751366 |
details, prediction |
Civic
CVC
|
0.97324485 |
details, prediction |
Steem
STEEM
|
0.97318035 |
details, prediction |
Lisk
LSK
|
0.9724626 |
details, prediction |
This report should be leaned to get most info about heading trends.
It means that ICON 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 ICON
Low correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
Stellar
XLM
|
-0.43043923 |
details, prediction |
TRON
TRX
|
0.19845599 |
details, prediction |
ZCash
ZEC
|
0.27776888 |
details, prediction |
Monero
XMR
|
0.72210187 |
details, prediction |
Binance Coin
BNB
|
0.7373499 |
details, prediction |
|
Second tier
|
Dai
DAI
|
-0.8574632 |
details, prediction |
USD//Coin
USDC
|
-0.8286263 |
details, prediction |
True USD
TUSD
|
-0.33571005 |
details, prediction |
DigiByte
DGB
|
0.19490387 |
details, prediction |
OriginTrail
TRAC
|
0.66974354 |
details, prediction |
|
Third tier
|
Propy
PRO
|
-0.26429152 |
details, prediction |
V Systems
VSYS
|
-0.12372621 |
details, prediction |
Phantasma
SOUL
|
-0.08112328 |
details, prediction |
NKN
NKN
|
0.09281709 |
details, prediction |
Matrix AI Network
MAN
|
0.103577025 |
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)