Highly correlated currencies
Coin |
Correlation |
Links |
First tier
|
Vechain
VET
|
0.8588209 |
details, prediction |
Cardano
ADA
|
0.8141527 |
details, prediction |
IOTA
IOT
|
0.76367295 |
details, prediction |
TRON
TRX
|
0.730131 |
details, prediction |
Ethereum
ETH
|
0.71795756 |
details, prediction |
Second tier
|
Algorand
ALGO
|
0.8894502 |
details, prediction |
Internet of Services
IOST
|
0.8105453 |
details, prediction |
Bitshares
BTS
|
0.7924507 |
details, prediction |
Komodo
KMD
|
0.7848288 |
details, prediction |
Horizen
ZEN
|
0.7713979 |
details, prediction |
Third tier
|
Darico
DEC
|
0.8430669 |
details, prediction |
Matic Network
MATIC
|
0.8407859 |
details, prediction |
MOAC
MOAC
|
0.781834 |
details, prediction |
Dock.io
DOCK
|
0.7804368 |
details, prediction |
RuffChain
RUFF
|
0.773885 |
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
|
Crypto.com Chain
CRO
|
-0.22805884 |
details, prediction |
Huobi Token
HT
|
0.33514345 |
details, prediction |
ChainLink
LINK
|
0.38128507 |
details, prediction |
NEO
NEO
|
0.41310993 |
details, prediction |
Monero
XMR
|
0.4620719 |
details, prediction |
Second tier
|
Centrality
CENNZ
|
-0.62877274 |
details, prediction |
KuCoin Shares
KCS
|
-0.51986146 |
details, prediction |
GlitzKoin
GTN
|
-0.44218564 |
details, prediction |
HedgeTrade
HEDG
|
-0.33879647 |
details, prediction |
Ocean Protocol
OCEAN
|
-0.105953805 |
details, prediction |
Third tier
|
ZrCoin
ZRC
|
-0.73181415 |
details, prediction |
FlorinCoin
FLO
|
-0.69997555 |
details, prediction |
Napoleon X
NPX
|
-0.5951377 |
details, prediction |
PolySwarm
NCT
|
-0.594928 |
details, prediction |
Acute Angle Cloud
AAC
|
-0.5816543 |
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)