Highly correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
Stellar
XLM
|
0.46645835 |
details, prediction |
KuCoin Shares
KCS
|
0.15609728 |
details, prediction |
Ethereum Classic
ETC
|
-0.21724069 |
details, prediction |
Dogecoin
DOGE
|
-0.2570921 |
details, prediction |
TRON
TRX
|
-0.2623899 |
details, prediction |
|
Second tier
|
Ravencoin
RVN
|
0.90235335 |
details, prediction |
aelf
ELF
|
0.8332261 |
details, prediction |
Telcoin
TEL
|
0.74588114 |
details, prediction |
Waves
WAVES
|
0.73625153 |
details, prediction |
USD//Coin
USDC
|
0.71163327 |
details, prediction |
|
Third tier
|
Storj
STORJ
|
0.9015117 |
details, prediction |
Matrix AI Network
MAN
|
0.9007642 |
details, prediction |
PIVX
PIVX
|
0.8847054 |
details, prediction |
BABB
BAX
|
0.8751063 |
details, prediction |
SwftCoin
SWFTC
|
0.7828621 |
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
|
Monero
XMR
|
-0.9350095 |
details, prediction |
Ethereum
ETH
|
-0.9103897 |
details, prediction |
ChainLink
LINK
|
-0.9024257 |
details, prediction |
Binance Coin
BNB
|
-0.8523199 |
details, prediction |
ZCash
ZEC
|
-0.8453743 |
details, prediction |
|
Second tier
|
Bitcoin SV
BSV
|
-0.8540544 |
details, prediction |
Decred
DCR
|
-0.8242657 |
details, prediction |
DigiByte
DGB
|
-0.79936767 |
details, prediction |
Vechain
VET
|
-0.7916449 |
details, prediction |
Horizen
ZEN
|
-0.73169273 |
details, prediction |
|
Third tier
|
Dent
DENT
|
-0.7757754 |
details, prediction |
Bancor
BNT
|
-0.71084905 |
details, prediction |
V Systems
VSYS
|
-0.6076591 |
details, prediction |
Stox
STX
|
-0.6071178 |
details, prediction |
Hydro Protocol
HOT
|
-0.55137676 |
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)