Highly correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
UNUS SED LEO
LEO
|
0.77848 |
details, prediction |
SONM
SNM
|
0.6933963 |
details, prediction |
Matic Network
MATIC
|
0.58617103 |
details, prediction |
Stellar
XLM
|
0.1624792 |
details, prediction |
Cardano
ADA
|
-0.022124799 |
details, prediction |
|
Second tier
|
Theta Fuel
TFUEL
|
0.80383295 |
details, prediction |
OriginTrail
TRAC
|
0.7875385 |
details, prediction |
Ethos (Bitquence)
BQX
|
0.7692526 |
details, prediction |
EthLend
LEND
|
0.75630534 |
details, prediction |
Request Network
REQ
|
0.75491285 |
details, prediction |
|
Third tier
|
PotCoin
POT
|
0.9462382 |
details, prediction |
Matrix AI Network
MAN
|
0.9284119 |
details, prediction |
QuarkChain
QKC
|
0.92179537 |
details, prediction |
Populous
PPT
|
0.9213579 |
details, prediction |
CUBE
AUTO
|
0.91916496 |
details, prediction |
This report should be leaned to get most info about heading trends.
It means that Internet of People 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 Internet of People
Low correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
Bitcoin
BTC
|
-0.84528744 |
details, prediction |
Ethereum
ETH
|
-0.77581257 |
details, prediction |
ChainLink
LINK
|
-0.7516577 |
details, prediction |
Binance Coin
BNB
|
-0.73042405 |
details, prediction |
Monero
XMR
|
-0.69748676 |
details, prediction |
|
Second tier
|
Bitcoin Gold
BTG
|
-0.76543796 |
details, prediction |
Huobi Token
HT
|
-0.6999815 |
details, prediction |
Decred
DCR
|
-0.6912605 |
details, prediction |
MonaCoin
MONA
|
-0.6502069 |
details, prediction |
Bitcoin SV
BSV
|
-0.6144323 |
details, prediction |
|
Third tier
|
Token as a Service
TAAS
|
-0.8376031 |
details, prediction |
Santiment
SAN
|
-0.83502215 |
details, prediction |
Insights Network
INSTAR
|
-0.8149761 |
details, prediction |
VestChain
VEST
|
-0.8143183 |
details, prediction |
Energi
NRG
|
-0.79551536 |
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)