Highly correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
Dogecoin
DOGE
|
0.8918333 |
details, prediction |
Ethereum Classic
ETC
|
0.85953504 |
details, prediction |
KuCoin Shares
KCS
|
0.78369564 |
details, prediction |
Stellar
XLM
|
0.7630975 |
details, prediction |
XRP
XRP
|
0.7594527 |
details, prediction |
|
Second tier
|
NEO
NEO
|
0.88945603 |
details, prediction |
Algorand
ALGO
|
0.8609191 |
details, prediction |
Nexo
NEXO
|
0.83657956 |
details, prediction |
Verge
XVG
|
0.8312797 |
details, prediction |
Cosmos
ATOM
|
0.8071995 |
details, prediction |
|
Third tier
|
Gas
GAS
|
0.81500953 |
details, prediction |
IoTeX
IOTX
|
0.81415397 |
details, prediction |
Kyber Network
KNC
|
0.782785 |
details, prediction |
SingularityNET
AGI
|
0.77605844 |
details, prediction |
Stox
STX
|
0.7542712 |
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
|
TRON
TRX
|
0.21246968 |
details, prediction |
Monero
XMR
|
0.42764214 |
details, prediction |
Cardano
ADA
|
0.5128442 |
details, prediction |
Ethereum
ETH
|
0.5193183 |
details, prediction |
ChainLink
LINK
|
0.540001 |
details, prediction |
|
Second tier
|
USD//Coin
USDC
|
-0.20308426 |
details, prediction |
Ravencoin
RVN
|
-0.1839946 |
details, prediction |
True USD
TUSD
|
-0.14822504 |
details, prediction |
Dai
DAI
|
-0.05777974 |
details, prediction |
aelf
ELF
|
0.0049477704 |
details, prediction |
|
Third tier
|
NKN
NKN
|
-0.6662194 |
details, prediction |
Matrix AI Network
MAN
|
-0.39871484 |
details, prediction |
Constellation
DAG
|
-0.28669238 |
details, prediction |
ICON
ICX
|
-0.2649577 |
details, prediction |
HEROcoin
PLAY
|
-0.19978027 |
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)