Highly correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
Cardano
ADA
|
0.8164705 |
details, prediction |
Crypto.com Chain
CRO
|
0.7732524 |
details, prediction |
Bitcoin Cash
BCH
|
0.7480684 |
details, prediction |
XRP
XRP
|
0.5378632 |
details, prediction |
Ethereum Classic
ETC
|
0.39438835 |
details, prediction |
|
Second tier
|
Decentraland
MANA
|
0.911968 |
details, prediction |
Zilliqa
ZIL
|
0.90032876 |
details, prediction |
Theta Fuel
TFUEL
|
0.8894841 |
details, prediction |
Siacoin
SC
|
0.8790574 |
details, prediction |
Vechain
VET
|
0.85923225 |
details, prediction |
|
Third tier
|
Loopring
LRC
|
0.9407831 |
details, prediction |
IoTeX
IOTX
|
0.9044251 |
details, prediction |
ARK
ARK
|
0.8979926 |
details, prediction |
Power Ledger
POWR
|
0.8826255 |
details, prediction |
Komodo
KMD
|
0.8640208 |
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
|
UNUS SED LEO
LEO
|
-0.9051167 |
details, prediction |
TRON
TRX
|
-0.6716877 |
details, prediction |
ZCash
ZEC
|
-0.23485827 |
details, prediction |
Monero
XMR
|
-0.22341633 |
details, prediction |
Bitcoin
BTC
|
-0.20318662 |
details, prediction |
|
Second tier
|
OriginTrail
TRAC
|
-0.44054213 |
details, prediction |
USD//Coin
USDC
|
-0.2733916 |
details, prediction |
True USD
TUSD
|
-0.22077152 |
details, prediction |
Dai
DAI
|
-0.2206418 |
details, prediction |
Algorand
ALGO
|
-0.17266 |
details, prediction |
|
Third tier
|
V Systems
VSYS
|
-0.54747915 |
details, prediction |
Ontology
ONT
|
-0.29306045 |
details, prediction |
NKN
NKN
|
-0.2760484 |
details, prediction |
HEROcoin
PLAY
|
-0.25219452 |
details, prediction |
OPEN Platform
OPEN
|
-0.18001242 |
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)