Highly correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
Cardano
ADA
|
0.9037227 |
details, prediction |
Crypto.com Chain
CRO
|
0.8739177 |
details, prediction |
Bitcoin Cash
BCH
|
0.87378275 |
details, prediction |
KuCoin Shares
KCS
|
0.8247755 |
details, prediction |
Ethereum Classic
ETC
|
0.8238064 |
details, prediction |
|
Second tier
|
Theta Fuel
TFUEL
|
0.9723057 |
details, prediction |
Decentraland
MANA
|
0.95817375 |
details, prediction |
Bitcoin Gold
BTG
|
0.9571606 |
details, prediction |
Status
SNT
|
0.9530211 |
details, prediction |
Waves
WAVES
|
0.9522211 |
details, prediction |
|
Third tier
|
IoTeX
IOTX
|
0.96007675 |
details, prediction |
SingularityNET
AGI
|
0.94501483 |
details, prediction |
Loopring
LRC
|
0.9379142 |
details, prediction |
PIVX
PIVX
|
0.9310294 |
details, prediction |
SysCoin
SYS
|
0.9294558 |
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
|
-0.7563588 |
details, prediction |
UNUS SED LEO
LEO
|
-0.14716153 |
details, prediction |
ZCash
ZEC
|
-0.14144516 |
details, prediction |
Ethereum
ETH
|
0.1176713 |
details, prediction |
Bitcoin
BTC
|
0.13348682 |
details, prediction |
|
Second tier
|
Nexo
NEXO
|
-0.5233983 |
details, prediction |
Algorand
ALGO
|
-0.16132084 |
details, prediction |
Bitcoin SV
BSV
|
-0.11771579 |
details, prediction |
Decred
DCR
|
-0.08645676 |
details, prediction |
HoloToken
HOT
|
-0.042868614 |
details, prediction |
|
Third tier
|
Ontology
ONT
|
-0.5498303 |
details, prediction |
V Systems
VSYS
|
-0.44491452 |
details, prediction |
OPEN Platform
OPEN
|
-0.43813175 |
details, prediction |
Enjin Coin
ENJ
|
-0.32152304 |
details, prediction |
Propy
PRO
|
-0.21414576 |
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)