Highly correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
Ethereum Classic
ETC
|
0.50390756 |
details, prediction |
Dogecoin
DOGE
|
0.4123977 |
details, prediction |
Stellar
XLM
|
0.40902966 |
details, prediction |
ZCash
ZEC
|
0.23703027 |
details, prediction |
XRP
XRP
|
0.14712024 |
details, prediction |
|
Second tier
|
Siacoin
SC
|
0.7090042 |
details, prediction |
Cosmos
ATOM
|
0.65771234 |
details, prediction |
Tezos
XTZ
|
0.64602447 |
details, prediction |
Verge
XVG
|
0.5888233 |
details, prediction |
Algorand
ALGO
|
0.5763741 |
details, prediction |
|
Third tier
|
PIVX
PIVX
|
0.9177459 |
details, prediction |
BABB
BAX
|
0.80692196 |
details, prediction |
QuarkChain
QKC
|
0.71994257 |
details, prediction |
Electroneum
ETN
|
0.71698296 |
details, prediction |
Civic
CVC
|
0.62615806 |
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
|
-0.37565723 |
details, prediction |
Ethereum
ETH
|
-0.120817125 |
details, prediction |
Cardano
ADA
|
-0.0796445 |
details, prediction |
Monero
XMR
|
-0.06631218 |
details, prediction |
ChainLink
LINK
|
-0.042541627 |
details, prediction |
|
Second tier
|
Dai
DAI
|
-0.6483535 |
details, prediction |
DigiByte
DGB
|
-0.35370466 |
details, prediction |
USD//Coin
USDC
|
-0.22193648 |
details, prediction |
Bitcoin SV
BSV
|
-0.20349686 |
details, prediction |
True USD
TUSD
|
-0.1891686 |
details, prediction |
|
Third tier
|
V Systems
VSYS
|
-0.43739158 |
details, prediction |
NKN
NKN
|
-0.33004078 |
details, prediction |
Propy
PRO
|
-0.2911415 |
details, prediction |
AdEx
ADX
|
-0.19389218 |
details, prediction |
Achain
ACT
|
-0.18170023 |
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)