Highly correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
Ethereum Classic
ETC
|
0.9229824 |
details, prediction |
KuCoin Shares
KCS
|
0.92196023 |
details, prediction |
Cardano
ADA
|
0.9108785 |
details, prediction |
Crypto.com Chain
CRO
|
0.8850357 |
details, prediction |
Bitcoin Cash
BCH
|
0.8757887 |
details, prediction |
|
Second tier
|
Status
SNT
|
0.9788374 |
details, prediction |
Decentraland
MANA
|
0.97741264 |
details, prediction |
QTUM
QTUM
|
0.97613907 |
details, prediction |
Basic Attention Token
BAT
|
0.97295934 |
details, prediction |
iEx.ec
RLC
|
0.97287446 |
details, prediction |
|
Third tier
|
Storj
STORJ
|
0.9844896 |
details, prediction |
Power Ledger
POWR
|
0.9816571 |
details, prediction |
Civic
CVC
|
0.9658389 |
details, prediction |
Internet of Services
IOST
|
0.96491295 |
details, prediction |
Lisk
LSK
|
0.96341157 |
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
|
-0.7089986 |
details, prediction |
UNUS SED LEO
LEO
|
0.138563 |
details, prediction |
ZCash
ZEC
|
0.54828364 |
details, prediction |
Binance Coin
BNB
|
0.63559026 |
details, prediction |
Ethereum
ETH
|
0.7011507 |
details, prediction |
|
Second tier
|
Dai
DAI
|
-0.3538142 |
details, prediction |
Decred
DCR
|
-0.2689709 |
details, prediction |
True USD
TUSD
|
0.15857704 |
details, prediction |
Nexo
NEXO
|
0.38807482 |
details, prediction |
Verge
XVG
|
0.50010204 |
details, prediction |
|
Third tier
|
Ontology
ONT
|
-0.33085963 |
details, prediction |
Kambria
KAT
|
-0.22245042 |
details, prediction |
OPEN Platform
OPEN
|
-0.1047011 |
details, prediction |
Enjin Coin
ENJ
|
0.005440123 |
details, prediction |
HEROcoin
PLAY
|
0.029391352 |
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)