Highly correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
Stellar
XLM
|
0.24990986 |
details, prediction |
KuCoin Shares
KCS
|
0.06389824 |
details, prediction |
TRON
TRX
|
-0.19233552 |
details, prediction |
Ethereum Classic
ETC
|
-0.39374125 |
details, prediction |
Bitcoin Cash
BCH
|
-0.44863495 |
details, prediction |
|
Second tier
|
Ravencoin
RVN
|
0.8843777 |
details, prediction |
aelf
ELF
|
0.7740231 |
details, prediction |
USD//Coin
USDC
|
0.7502157 |
details, prediction |
True USD
TUSD
|
0.7313218 |
details, prediction |
Telcoin
TEL
|
0.69777983 |
details, prediction |
|
Third tier
|
Matrix AI Network
MAN
|
0.90815115 |
details, prediction |
Storj
STORJ
|
0.8912699 |
details, prediction |
PIVX
PIVX
|
0.84237754 |
details, prediction |
BABB
BAX
|
0.8184848 |
details, prediction |
OPEN Platform
OPEN
|
0.6827513 |
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
|
Monero
XMR
|
-0.9352482 |
details, prediction |
ChainLink
LINK
|
-0.8995542 |
details, prediction |
Ethereum
ETH
|
-0.8971112 |
details, prediction |
Binance Coin
BNB
|
-0.8796109 |
details, prediction |
Bitcoin
BTC
|
-0.8402619 |
details, prediction |
|
Second tier
|
Decred
DCR
|
-0.7937864 |
details, prediction |
Vechain
VET
|
-0.7889635 |
details, prediction |
DigiByte
DGB
|
-0.7664205 |
details, prediction |
Horizen
ZEN
|
-0.76300824 |
details, prediction |
Bitcoin SV
BSV
|
-0.7622574 |
details, prediction |
|
Third tier
|
Dent
DENT
|
-0.80127853 |
details, prediction |
Bancor
BNT
|
-0.7556264 |
details, prediction |
Stox
STX
|
-0.66310924 |
details, prediction |
Ontology
ONT
|
-0.6208558 |
details, prediction |
Gas
GAS
|
-0.61509794 |
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)