Highly correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
Ethereum Classic
ETC
|
0.589744 |
details, prediction |
ZCash
ZEC
|
0.54715014 |
details, prediction |
Litecoin
LTC
|
0.44519538 |
details, prediction |
Dogecoin
DOGE
|
0.44353116 |
details, prediction |
Stellar
XLM
|
0.3787926 |
details, prediction |
|
Second tier
|
Siacoin
SC
|
0.71876156 |
details, prediction |
Cosmos
ATOM
|
0.66973597 |
details, prediction |
DASH
DASH
|
0.63726765 |
details, prediction |
Verge
XVG
|
0.6288417 |
details, prediction |
Tezos
XTZ
|
0.6067108 |
details, prediction |
|
Third tier
|
PIVX
PIVX
|
0.8624966 |
details, prediction |
BABB
BAX
|
0.7664275 |
details, prediction |
QuarkChain
QKC
|
0.6974176 |
details, prediction |
Kyber Network
KNC
|
0.6061925 |
details, prediction |
Power Ledger
POWR
|
0.59180725 |
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
|
TRON
TRX
|
-0.1452039 |
details, prediction |
KuCoin Shares
KCS
|
0.11885632 |
details, prediction |
Cardano
ADA
|
0.23290548 |
details, prediction |
Bitcoin Cash
BCH
|
0.2625837 |
details, prediction |
Ethereum
ETH
|
0.26622388 |
details, prediction |
|
Second tier
|
USD//Coin
USDC
|
-0.36746058 |
details, prediction |
True USD
TUSD
|
-0.35245207 |
details, prediction |
aelf
ELF
|
-0.29646546 |
details, prediction |
Ravencoin
RVN
|
-0.24674329 |
details, prediction |
DigiByte
DGB
|
-0.11327096 |
details, prediction |
|
Third tier
|
HEROcoin
PLAY
|
-0.48195806 |
details, prediction |
OPEN Platform
OPEN
|
-0.3254012 |
details, prediction |
NKN
NKN
|
-0.29225805 |
details, prediction |
Propy
PRO
|
-0.24914081 |
details, prediction |
V Systems
VSYS
|
-0.24261017 |
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)