Highly correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
Dogecoin
DOGE
|
0.860623 |
details, prediction |
Ethereum Classic
ETC
|
0.70431554 |
details, prediction |
Stellar
XLM
|
0.70402056 |
details, prediction |
Bitcoin Cash
BCH
|
0.56555456 |
details, prediction |
KuCoin Shares
KCS
|
0.55226886 |
details, prediction |
|
Second tier
|
Verge
XVG
|
0.9247688 |
details, prediction |
iEx.ec
RLC
|
0.9236225 |
details, prediction |
IOTA
IOT
|
0.9209192 |
details, prediction |
Chiliz
CHZ
|
0.88068825 |
details, prediction |
Algorand
ALGO
|
0.8518356 |
details, prediction |
|
Third tier
|
QuarkChain
QKC
|
0.9256675 |
details, prediction |
Elastos
ELA
|
0.8951602 |
details, prediction |
ARK
ARK
|
0.88181657 |
details, prediction |
Dero
DERO
|
0.86698973 |
details, prediction |
Kyber Network
KNC
|
0.8658675 |
details, prediction |
This report should be leaned to get most info about heading trends.
It means that IoTeX 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 IoTeX
Low correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
Ethereum
ETH
|
-0.058685105 |
details, prediction |
Monero
XMR
|
-0.034699943 |
details, prediction |
ChainLink
LINK
|
0.005041629 |
details, prediction |
ZCash
ZEC
|
0.018132096 |
details, prediction |
TRON
TRX
|
0.06142023 |
details, prediction |
|
Second tier
|
Dai
DAI
|
-0.8796897 |
details, prediction |
USD//Coin
USDC
|
-0.29497367 |
details, prediction |
DigiByte
DGB
|
-0.28747302 |
details, prediction |
True USD
TUSD
|
-0.20338574 |
details, prediction |
Bitcoin SV
BSV
|
-0.08199599 |
details, prediction |
|
Third tier
|
Propy
PRO
|
-0.5950653 |
details, prediction |
NKN
NKN
|
-0.5749415 |
details, prediction |
V Systems
VSYS
|
-0.45850855 |
details, prediction |
Phantasma
SOUL
|
-0.24963798 |
details, prediction |
Hydro Protocol
HOT
|
-0.17628717 |
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)