Highly correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
Cardano
ADA
|
0.96897936 |
details, prediction |
Litecoin
LTC
|
0.96670645 |
details, prediction |
XRP
XRP
|
0.96168333 |
details, prediction |
Crypto.com Chain
CRO
|
0.95956546 |
details, prediction |
Bitcoin Cash
BCH
|
0.9421059 |
details, prediction |
|
Second tier
|
NEO
NEO
|
0.9877902 |
details, prediction |
Theta Fuel
TFUEL
|
0.9826358 |
details, prediction |
Ravencoin
RVN
|
0.97952974 |
details, prediction |
Siacoin
SC
|
0.97483 |
details, prediction |
Zilliqa
ZIL
|
0.97371817 |
details, prediction |
|
Third tier
|
IoTeX
IOTX
|
0.9895772 |
details, prediction |
ARK
ARK
|
0.98415536 |
details, prediction |
Civic
CVC
|
0.9824417 |
details, prediction |
Lisk
LSK
|
0.9801715 |
details, prediction |
QuarkChain
QKC
|
0.97862345 |
details, prediction |
This report should be leaned to get most info about heading trends.
It means that Internet of Services 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 Services
Low correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
Stellar
XLM
|
-0.6087135 |
details, prediction |
ZCash
ZEC
|
-0.04297933 |
details, prediction |
TRON
TRX
|
0.029878868 |
details, prediction |
Binance Coin
BNB
|
0.66898704 |
details, prediction |
Monero
XMR
|
0.7048124 |
details, prediction |
|
Second tier
|
USD//Coin
USDC
|
-0.8114688 |
details, prediction |
Dai
DAI
|
-0.7337367 |
details, prediction |
True USD
TUSD
|
-0.5310297 |
details, prediction |
Telcoin
TEL
|
-0.1806409 |
details, prediction |
OriginTrail
TRAC
|
0.05683374 |
details, prediction |
|
Third tier
|
FunFair
FUN
|
-0.51606363 |
details, prediction |
Komodo
KMD
|
-0.2746459 |
details, prediction |
Matrix AI Network
MAN
|
-0.20298429 |
details, prediction |
Propy
PRO
|
-0.018695086 |
details, prediction |
V Systems
VSYS
|
0.013471487 |
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)