Highly correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
Cardano
ADA
|
0.93683124 |
details, prediction |
Crypto.com Chain
CRO
|
0.9352625 |
details, prediction |
Litecoin
LTC
|
0.9279914 |
details, prediction |
Bitcoin Cash
BCH
|
0.899533 |
details, prediction |
XRP
XRP
|
0.89878285 |
details, prediction |
|
Second tier
|
Tezos
XTZ
|
0.96259296 |
details, prediction |
Theta Fuel
TFUEL
|
0.96008074 |
details, prediction |
Bitcoin Gold
BTG
|
0.9493547 |
details, prediction |
Siacoin
SC
|
0.93002474 |
details, prediction |
Waves
WAVES
|
0.92742956 |
details, prediction |
|
Third tier
|
LAToken
LA
|
0.94136935 |
details, prediction |
Internet of Services
IOST
|
0.9370059 |
details, prediction |
Lisk
LSK
|
0.93658006 |
details, prediction |
ARK
ARK
|
0.9363609 |
details, prediction |
QuarkChain
QKC
|
0.92780524 |
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
|
-0.9814246 |
details, prediction |
TRON
TRX
|
-0.4368746 |
details, prediction |
Stellar
XLM
|
-0.42636228 |
details, prediction |
ZCash
ZEC
|
-0.3113232 |
details, prediction |
Binance Coin
BNB
|
0.29696685 |
details, prediction |
|
Second tier
|
USD//Coin
USDC
|
-0.59444493 |
details, prediction |
Dai
DAI
|
-0.55702764 |
details, prediction |
OriginTrail
TRAC
|
-0.55092365 |
details, prediction |
Telcoin
TEL
|
-0.3071802 |
details, prediction |
True USD
TUSD
|
-0.29528695 |
details, prediction |
|
Third tier
|
OPEN Platform
OPEN
|
-0.2063223 |
details, prediction |
V Systems
VSYS
|
-0.18252626 |
details, prediction |
HEROcoin
PLAY
|
-0.16477713 |
details, prediction |
Enjin Coin
ENJ
|
0.124361254 |
details, prediction |
Ontology
ONT
|
0.23499992 |
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)