Highly correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
Ethereum Classic
ETC
|
0.92525625 |
details, prediction |
Stellar
XLM
|
0.92291796 |
details, prediction |
Cardano
ADA
|
0.9171652 |
details, prediction |
Litecoin
LTC
|
0.9114563 |
details, prediction |
ZCash
ZEC
|
0.90232563 |
details, prediction |
|
Second tier
|
aelf
ELF
|
0.9827677 |
details, prediction |
Theta Fuel
TFUEL
|
0.9825803 |
details, prediction |
Request Network
REQ
|
0.98244876 |
details, prediction |
Synthetix Network Token
SNX
|
0.9817443 |
details, prediction |
Bitcoin Gold
BTG
|
0.98088205 |
details, prediction |
|
Third tier
|
Metal
MTL
|
0.9813763 |
details, prediction |
IoTeX
IOTX
|
0.97995746 |
details, prediction |
Hydro Protocol
HOT
|
0.97880495 |
details, prediction |
Bancor
BNT
|
0.97619224 |
details, prediction |
Kleros
PNK
|
0.97528315 |
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
|
-0.26627508 |
details, prediction |
Binance Coin
BNB
|
0.27602223 |
details, prediction |
Dogecoin
DOGE
|
0.5885375 |
details, prediction |
UNUS SED LEO
LEO
|
0.6319872 |
details, prediction |
KuCoin Shares
KCS
|
0.6865506 |
details, prediction |
|
Second tier
|
Dai
DAI
|
-0.39299285 |
details, prediction |
True USD
TUSD
|
-0.093562946 |
details, prediction |
Decred
DCR
|
0.0865209 |
details, prediction |
Zilliqa
ZIL
|
0.24424954 |
details, prediction |
Verge
XVG
|
0.31428376 |
details, prediction |
|
Third tier
|
HEROcoin
PLAY
|
-0.6451876 |
details, prediction |
Constellation
DAG
|
-0.511645 |
details, prediction |
Dero
DERO
|
0.0060578757 |
details, prediction |
BOScoin
BOS
|
0.05196429 |
details, prediction |
OPEN Platform
OPEN
|
0.6911087 |
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)