Highly correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
Litecoin
LTC
|
0.9576703 |
details, prediction |
Cardano
ADA
|
0.9555161 |
details, prediction |
XRP
XRP
|
0.9302176 |
details, prediction |
Crypto.com Chain
CRO
|
0.9143682 |
details, prediction |
KuCoin Shares
KCS
|
0.88494366 |
details, prediction |
|
Second tier
|
Decentraland
MANA
|
0.95405376 |
details, prediction |
Status
SNT
|
0.9492302 |
details, prediction |
Zilliqa
ZIL
|
0.94604415 |
details, prediction |
Tezos
XTZ
|
0.9454356 |
details, prediction |
Siacoin
SC
|
0.94049096 |
details, prediction |
|
Third tier
|
QuarkChain
QKC
|
0.963004 |
details, prediction |
ARK
ARK
|
0.9597755 |
details, prediction |
Lisk
LSK
|
0.95790887 |
details, prediction |
Power Ledger
POWR
|
0.9564557 |
details, prediction |
Civic
CVC
|
0.94801843 |
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
|
-0.957664 |
details, prediction |
Stellar
XLM
|
-0.52842396 |
details, prediction |
TRON
TRX
|
-0.27361876 |
details, prediction |
ZCash
ZEC
|
-0.14360823 |
details, prediction |
Binance Coin
BNB
|
0.34517488 |
details, prediction |
|
Second tier
|
Dai
DAI
|
-0.6092667 |
details, prediction |
USD//Coin
USDC
|
-0.60571575 |
details, prediction |
OriginTrail
TRAC
|
-0.48433325 |
details, prediction |
True USD
TUSD
|
-0.3002195 |
details, prediction |
Telcoin
TEL
|
-0.20165141 |
details, prediction |
|
Third tier
|
OPEN Platform
OPEN
|
-0.15508191 |
details, prediction |
FunFair
FUN
|
-0.12822711 |
details, prediction |
V Systems
VSYS
|
-0.052585673 |
details, prediction |
HEROcoin
PLAY
|
-0.037058957 |
details, prediction |
NKN
NKN
|
0.23792477 |
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)