Highly correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
Ethereum Classic
ETC
|
0.92188644 |
details, prediction |
Bitcoin Cash
BCH
|
0.917335 |
details, prediction |
Cardano
ADA
|
0.9163812 |
details, prediction |
ZCash
ZEC
|
0.91107374 |
details, prediction |
KuCoin Shares
KCS
|
0.910054 |
details, prediction |
|
Second tier
|
QTUM
QTUM
|
0.9914188 |
details, prediction |
Theta Fuel
TFUEL
|
0.9893933 |
details, prediction |
Status
SNT
|
0.9891651 |
details, prediction |
iEx.ec
RLC
|
0.98852336 |
details, prediction |
Basic Attention Token
BAT
|
0.98609746 |
details, prediction |
|
Third tier
|
IoTeX
IOTX
|
0.98996 |
details, prediction |
Storj
STORJ
|
0.9876686 |
details, prediction |
Internet of Services
IOST
|
0.98355746 |
details, prediction |
PIVX
PIVX
|
0.9829368 |
details, prediction |
Power Ledger
POWR
|
0.9786424 |
details, prediction |
This report should be leaned to get most info about heading trends.
It means that ICON 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 ICON
Low correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
TRON
TRX
|
-0.549472 |
details, prediction |
UNUS SED LEO
LEO
|
0.138563 |
details, prediction |
Binance Coin
BNB
|
0.5027453 |
details, prediction |
Dogecoin
DOGE
|
0.6864944 |
details, prediction |
XRP
XRP
|
0.73307383 |
details, prediction |
|
Second tier
|
Decred
DCR
|
-0.5506688 |
details, prediction |
Dai
DAI
|
-0.3209775 |
details, prediction |
True USD
TUSD
|
0.26628673 |
details, prediction |
Verge
XVG
|
0.3409818 |
details, prediction |
Nexo
NEXO
|
0.4493591 |
details, prediction |
|
Third tier
|
Dent
DENT
|
-0.29546255 |
details, prediction |
Propy
PRO
|
0.05039294 |
details, prediction |
BABB
BAX
|
0.10161886 |
details, prediction |
HEROcoin
PLAY
|
0.19073878 |
details, prediction |
Constellation
DAG
|
0.34670436 |
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)