Highly correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
Cardano
ADA
|
0.9371353 |
details, prediction |
KuCoin Shares
KCS
|
0.9185053 |
details, prediction |
Bitcoin Cash
BCH
|
0.91176367 |
details, prediction |
Ethereum Classic
ETC
|
0.91016287 |
details, prediction |
XRP
XRP
|
0.8587353 |
details, prediction |
|
Second tier
|
Status
SNT
|
0.9848147 |
details, prediction |
Theta Fuel
TFUEL
|
0.9843177 |
details, prediction |
Bitcoin Gold
BTG
|
0.97903514 |
details, prediction |
Request Network
REQ
|
0.9759669 |
details, prediction |
Telcoin
TEL
|
0.9714188 |
details, prediction |
|
Third tier
|
IoTeX
IOTX
|
0.9784593 |
details, prediction |
Kleros
PNK
|
0.9763147 |
details, prediction |
ARK
ARK
|
0.9734949 |
details, prediction |
ICON
ICX
|
0.9695988 |
details, prediction |
SysCoin
SYS
|
0.9661691 |
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
|
-0.7417248 |
details, prediction |
UNUS SED LEO
LEO
|
0.16585885 |
details, prediction |
ZCash
ZEC
|
0.47294334 |
details, prediction |
Ethereum
ETH
|
0.678145 |
details, prediction |
ChainLink
LINK
|
0.7213835 |
details, prediction |
|
Second tier
|
Dai
DAI
|
-0.2996223 |
details, prediction |
Decred
DCR
|
-0.26142293 |
details, prediction |
True USD
TUSD
|
0.22477104 |
details, prediction |
Nexo
NEXO
|
0.31338203 |
details, prediction |
Algorand
ALGO
|
0.42121673 |
details, prediction |
|
Third tier
|
Kambria
KAT
|
-0.51352584 |
details, prediction |
Ontology
ONT
|
-0.4363235 |
details, prediction |
OPEN Platform
OPEN
|
-0.13436443 |
details, prediction |
Dent
DENT
|
-0.04263826 |
details, prediction |
Enjin Coin
ENJ
|
0.009775138 |
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)