Highly correlated currencies
Coin |
Correlation |
Links |
First tier
|
IOTA
IOT
|
0.96828234 |
details, prediction |
NEO
NEO
|
0.9610912 |
details, prediction |
Vechain
VET
|
0.95728123 |
details, prediction |
EOS
EOS
|
0.955446 |
details, prediction |
Cosmos
ATOM
|
0.9530058 |
details, prediction |
Second tier
|
Fantom
FTM
|
0.98383105 |
details, prediction |
Ontology
ONT
|
0.97330934 |
details, prediction |
DigiByte
DGB
|
0.97295916 |
details, prediction |
Dent
DENT
|
0.9704726 |
details, prediction |
Enjin Coin
ENJ
|
0.9684708 |
details, prediction |
Third tier
|
GXChain
GXC
|
0.9711938 |
details, prediction |
Streamr DATAcoin
DATA
|
0.96450055 |
details, prediction |
Stox
STX
|
0.9623413 |
details, prediction |
Everipedia
IQ
|
0.9616175 |
details, prediction |
Aion
AION
|
0.95777196 |
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
|
UNUS SED LEO
LEO
|
0.054516274 |
details, prediction |
TRON
TRX
|
0.3326732 |
details, prediction |
Ethereum Classic
ETC
|
0.5665156 |
details, prediction |
Maker
MKR
|
0.731556 |
details, prediction |
KuCoin Shares
KCS
|
0.7702535 |
details, prediction |
Second tier
|
Paxos Standard
PAX
|
-0.1616593 |
details, prediction |
EthLend
LEND
|
-0.14642808 |
details, prediction |
True USD
TUSD
|
-0.12058852 |
details, prediction |
USD//Coin
USDC
|
0.103823766 |
details, prediction |
Dai
DAI
|
0.1156819 |
details, prediction |
Third tier
|
Tidex Token
TDX
|
-0.79139125 |
details, prediction |
Gemini Dollar
GUSD
|
-0.78367347 |
details, prediction |
Time New Bank
TNB
|
-0.6706055 |
details, prediction |
Seele
SEELE
|
-0.6485357 |
details, prediction |
DigiCube
CUBE
|
-0.35920197 |
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)