Highly correlated currencies
Coin |
Correlation |
Links |
First tier
|
Vechain
VET
|
0.989253 |
details, prediction |
XRP
XRP
|
0.98544997 |
details, prediction |
Dogecoin
DOGE
|
0.9842999 |
details, prediction |
EOS
EOS
|
0.9757363 |
details, prediction |
Litecoin
LTC
|
0.973116 |
details, prediction |
Second tier
|
HoloToken
HOT
|
0.991915 |
details, prediction |
DASH
DASH
|
0.9877173 |
details, prediction |
OmiseGo
OMG
|
0.9824057 |
details, prediction |
Ardor
ARDR
|
0.9816927 |
details, prediction |
0x
ZRX
|
0.9808672 |
details, prediction |
Third tier
|
Stox
STX
|
0.9834671 |
details, prediction |
Odyssey
OCN
|
0.9780818 |
details, prediction |
Matrix AI Network
MAN
|
0.97790915 |
details, prediction |
Everipedia
IQ
|
0.97664934 |
details, prediction |
Dero
DERO
|
0.9714374 |
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
|
UNUS SED LEO
LEO
|
0.066707574 |
details, prediction |
TRON
TRX
|
0.4168354 |
details, prediction |
Ethereum Classic
ETC
|
0.46225837 |
details, prediction |
Matic Network
MATIC
|
0.7345214 |
details, prediction |
Bitcoin SV
BSV
|
0.7444303 |
details, prediction |
Second tier
|
EthLend
LEND
|
-0.3093846 |
details, prediction |
Paxos Standard
PAX
|
-0.2846667 |
details, prediction |
True USD
TUSD
|
-0.055435453 |
details, prediction |
USD//Coin
USDC
|
0.19403003 |
details, prediction |
Dai
DAI
|
0.21544425 |
details, prediction |
Third tier
|
Time New Bank
TNB
|
-0.79468936 |
details, prediction |
Gemini Dollar
GUSD
|
-0.76902336 |
details, prediction |
Seele
SEELE
|
-0.6962802 |
details, prediction |
Tidex Token
TDX
|
-0.5004888 |
details, prediction |
OKCash
OK
|
-0.42667264 |
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)