Highly correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
Fantom
FTM
|
0.97309166 |
details, prediction |
Ethereum Classic
ETC
|
0.88872695 |
details, prediction |
Litecoin
LTC
|
0.81609607 |
details, prediction |
Ethereum
ETH
|
0.8113128 |
details, prediction |
Cardano
ADA
|
0.7964628 |
details, prediction |
|
Second tier
|
Vechain
VET
|
0.9117535 |
details, prediction |
IOTA
IOT
|
0.89886403 |
details, prediction |
Metadium
META
|
0.88761854 |
details, prediction |
Nano
NANO
|
0.8759678 |
details, prediction |
DASH
DASH
|
0.85835683 |
details, prediction |
|
Third tier
|
BOX Token
BOX
|
0.9771237 |
details, prediction |
Molecule
MOL
|
0.9720286 |
details, prediction |
Tidex Token
TDX
|
0.96032304 |
details, prediction |
Presearch
PRE
|
0.9456654 |
details, prediction |
Synereo
AMP
|
0.9450102 |
details, prediction |
This report should be leaned to get most info about heading trends.
It means that Iungo 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 Iungo
Low correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
ChainLink
LINK
|
-0.44838807 |
details, prediction |
Maker
MKR
|
-0.3464691 |
details, prediction |
XRP
XRP
|
-0.29545715 |
details, prediction |
Stellar
XLM
|
0.20666741 |
details, prediction |
SONM
SNM
|
0.36067694 |
details, prediction |
|
Second tier
|
Nexo
NEXO
|
-0.65453804 |
details, prediction |
Paxos Standard
PAX
|
-0.63076735 |
details, prediction |
Quant Network
QNT
|
-0.5349427 |
details, prediction |
True USD
TUSD
|
-0.40409824 |
details, prediction |
Ravencoin
RVN
|
-0.35591456 |
details, prediction |
|
Third tier
|
Darico
DEC
|
-0.790779 |
details, prediction |
Gemini Dollar
GUSD
|
-0.7341062 |
details, prediction |
Vitae
VITAE
|
-0.72355354 |
details, prediction |
Buggyra Coin Zero
BCZERO
|
-0.7163098 |
details, prediction |
Tycoon Global
TCT
|
-0.7141617 |
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)