Highly correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
Crypto.com Chain
CRO
|
0.9302532 |
details, prediction |
Cardano
ADA
|
0.9227451 |
details, prediction |
XRP
XRP
|
0.9197008 |
details, prediction |
Litecoin
LTC
|
0.89819527 |
details, prediction |
Ethereum Classic
ETC
|
0.8932778 |
details, prediction |
|
Second tier
|
iEx.ec
RLC
|
0.95060885 |
details, prediction |
NEO
NEO
|
0.9467522 |
details, prediction |
QTUM
QTUM
|
0.9275027 |
details, prediction |
Algorand
ALGO
|
0.9227844 |
details, prediction |
Siacoin
SC
|
0.9221406 |
details, prediction |
|
Third tier
|
IoTeX
IOTX
|
0.9500923 |
details, prediction |
Internet of Services
IOST
|
0.94403046 |
details, prediction |
SwftCoin
SWFTC
|
0.9362912 |
details, prediction |
QuarkChain
QKC
|
0.93271023 |
details, prediction |
Stox
STX
|
0.92952216 |
details, prediction |
This report should be leaned to get most info about heading trends.
It means that IOTA 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 IOTA
Low correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
Stellar
XLM
|
-0.406734 |
details, prediction |
ZCash
ZEC
|
0.019268228 |
details, prediction |
TRON
TRX
|
0.11418029 |
details, prediction |
Monero
XMR
|
0.68888205 |
details, prediction |
Binance Coin
BNB
|
0.759523 |
details, prediction |
|
Second tier
|
USD//Coin
USDC
|
-0.69516397 |
details, prediction |
Dai
DAI
|
-0.56914765 |
details, prediction |
True USD
TUSD
|
-0.5165864 |
details, prediction |
Telcoin
TEL
|
-0.054465324 |
details, prediction |
OriginTrail
TRAC
|
0.25668138 |
details, prediction |
|
Third tier
|
Chronobank
TIME
|
-0.31125265 |
details, prediction |
Matrix AI Network
MAN
|
-0.3004139 |
details, prediction |
Propy
PRO
|
-0.12814167 |
details, prediction |
V Systems
VSYS
|
0.046816625 |
details, prediction |
OPEN Platform
OPEN
|
0.2898014 |
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)