Highly correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
Dogecoin
DOGE
|
0.9575542 |
details, prediction |
Ethereum Classic
ETC
|
0.8831967 |
details, prediction |
KuCoin Shares
KCS
|
0.7730525 |
details, prediction |
Bitcoin Cash
BCH
|
0.7646208 |
details, prediction |
XRP
XRP
|
0.6883852 |
details, prediction |
|
Second tier
|
Verge
XVG
|
0.9664896 |
details, prediction |
iEx.ec
RLC
|
0.96579236 |
details, prediction |
NEO
NEO
|
0.9452474 |
details, prediction |
Algorand
ALGO
|
0.93898016 |
details, prediction |
Synthetix Network Token
SNX
|
0.92041653 |
details, prediction |
|
Third tier
|
Steem
STEEM
|
0.94405335 |
details, prediction |
Kyber Network
KNC
|
0.9420298 |
details, prediction |
IoTeX
IOTX
|
0.94193214 |
details, prediction |
ARK
ARK
|
0.9384445 |
details, prediction |
QuarkChain
QKC
|
0.9330227 |
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
|
Monero
XMR
|
0.032080065 |
details, prediction |
Ethereum
ETH
|
0.1514112 |
details, prediction |
ChainLink
LINK
|
0.17058708 |
details, prediction |
ZCash
ZEC
|
0.26259598 |
details, prediction |
Stellar
XLM
|
0.41490707 |
details, prediction |
|
Second tier
|
Dai
DAI
|
-0.8171663 |
details, prediction |
USD//Coin
USDC
|
-0.33230782 |
details, prediction |
True USD
TUSD
|
-0.24794574 |
details, prediction |
DigiByte
DGB
|
-0.20621002 |
details, prediction |
Bitcoin SV
BSV
|
0.016070982 |
details, prediction |
|
Third tier
|
Propy
PRO
|
-0.4964699 |
details, prediction |
NKN
NKN
|
-0.43943715 |
details, prediction |
V Systems
VSYS
|
-0.42431188 |
details, prediction |
Phantasma
SOUL
|
-0.06573639 |
details, prediction |
Matrix AI Network
MAN
|
-0.005504912 |
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)