Highly correlated currencies
Coin |
Correlation |
Links |
First tier
|
TRON
TRX
|
0.6385574 |
details, prediction |
KuCoin Shares
KCS
|
-0.3095901 |
details, prediction |
Monero
XMR
|
-0.33101115 |
details, prediction |
Binance Coin
BNB
|
-0.5619888 |
details, prediction |
Huobi Token
HT
|
-0.56441194 |
details, prediction |
Second tier
|
Paxos Standard
PAX
|
0.70296407 |
details, prediction |
True USD
TUSD
|
0.6518175 |
details, prediction |
USD//Coin
USDC
|
0.6220402 |
details, prediction |
Dai
DAI
|
0.58629113 |
details, prediction |
EthLend
LEND
|
0.02944186 |
details, prediction |
Third tier
|
Time New Bank
TNB
|
0.7997819 |
details, prediction |
OKCash
OK
|
0.7608338 |
details, prediction |
ShortyCoin
SHORTY
|
0.6678191 |
details, prediction |
SunContract
SNC
|
0.6267438 |
details, prediction |
PetroDollar
XPD
|
0.52566755 |
details, prediction |
This report should be leaned to get most info about heading trends.
It means that ILCoin 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 ILCoin
Low correlated currencies
Coin |
Correlation |
Links |
First tier
|
Bitcoin SV
BSV
|
-0.74357533 |
details, prediction |
Theta
THETA
|
-0.72936904 |
details, prediction |
ChainLink
LINK
|
-0.70887727 |
details, prediction |
FTX Token
FTT
|
-0.69680095 |
details, prediction |
XRP
XRP
|
-0.69591737 |
details, prediction |
Second tier
|
Theta Fuel
TFUEL
|
-0.7275316 |
details, prediction |
Quant Network
QNT
|
-0.71037835 |
details, prediction |
Algorand
ALGO
|
-0.7059166 |
details, prediction |
NEM
XEM
|
-0.70590353 |
details, prediction |
Ocean Protocol
OCEAN
|
-0.704399 |
details, prediction |
Third tier
|
WAX
WAX
|
-0.88731045 |
details, prediction |
GXChain
GXC
|
-0.84706837 |
details, prediction |
LBRY Credits
LBC
|
-0.8343357 |
details, prediction |
Lamden Tau
TAU
|
-0.79285276 |
details, prediction |
Stratis
STRAT
|
-0.7851971 |
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)