Highly correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
Cardano
ADA
|
0.96940947 |
details, prediction |
Litecoin
LTC
|
0.9667051 |
details, prediction |
XRP
XRP
|
0.9328489 |
details, prediction |
Crypto.com Chain
CRO
|
0.9283523 |
details, prediction |
Bitcoin Cash
BCH
|
0.91925687 |
details, prediction |
|
Second tier
|
Decentraland
MANA
|
0.9667886 |
details, prediction |
Status
SNT
|
0.9643683 |
details, prediction |
Tezos
XTZ
|
0.96313804 |
details, prediction |
Siacoin
SC
|
0.9588048 |
details, prediction |
Zilliqa
ZIL
|
0.9566115 |
details, prediction |
|
Third tier
|
ARK
ARK
|
0.97275597 |
details, prediction |
Lisk
LSK
|
0.97174484 |
details, prediction |
Power Ledger
POWR
|
0.97092086 |
details, prediction |
QuarkChain
QKC
|
0.9696257 |
details, prediction |
Civic
CVC
|
0.96501005 |
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
|
UNUS SED LEO
LEO
|
-0.957664 |
details, prediction |
Stellar
XLM
|
-0.63827205 |
details, prediction |
ZCash
ZEC
|
-0.1942163 |
details, prediction |
TRON
TRX
|
-0.18234324 |
details, prediction |
Binance Coin
BNB
|
0.39487517 |
details, prediction |
|
Second tier
|
USD//Coin
USDC
|
-0.64673537 |
details, prediction |
Dai
DAI
|
-0.64567655 |
details, prediction |
OriginTrail
TRAC
|
-0.5417994 |
details, prediction |
True USD
TUSD
|
-0.3584434 |
details, prediction |
Telcoin
TEL
|
-0.22441562 |
details, prediction |
|
Third tier
|
OPEN Platform
OPEN
|
-0.35123584 |
details, prediction |
FunFair
FUN
|
-0.12822711 |
details, prediction |
V Systems
VSYS
|
0.013317002 |
details, prediction |
HEROcoin
PLAY
|
0.2229217 |
details, prediction |
Enjin Coin
ENJ
|
0.27516237 |
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)