Highly correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
Dogecoin
DOGE
|
0.9707072 |
details, prediction |
Ethereum Classic
ETC
|
0.9616751 |
details, prediction |
XRP
XRP
|
0.9553762 |
details, prediction |
Cardano
ADA
|
0.9514978 |
details, prediction |
Bitcoin Cash
BCH
|
0.92382324 |
details, prediction |
|
Second tier
|
NEO
NEO
|
0.98418385 |
details, prediction |
Verge
XVG
|
0.9824842 |
details, prediction |
Siacoin
SC
|
0.98148674 |
details, prediction |
Ravencoin
RVN
|
0.98110217 |
details, prediction |
Theta
THETA
|
0.9794051 |
details, prediction |
|
Third tier
|
IoTeX
IOTX
|
0.9923207 |
details, prediction |
Civic
CVC
|
0.98800516 |
details, prediction |
ARK
ARK
|
0.98599744 |
details, prediction |
Steem
STEEM
|
0.9825321 |
details, prediction |
SwftCoin
SWFTC
|
0.9815889 |
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
|
Stellar
XLM
|
-0.47250217 |
details, prediction |
TRON
TRX
|
0.0629065 |
details, prediction |
ZCash
ZEC
|
0.11651894 |
details, prediction |
Monero
XMR
|
0.76911914 |
details, prediction |
Ethereum
ETH
|
0.7806973 |
details, prediction |
|
Second tier
|
USD//Coin
USDC
|
-0.91515034 |
details, prediction |
Dai
DAI
|
-0.8321483 |
details, prediction |
True USD
TUSD
|
-0.6930745 |
details, prediction |
DigiByte
DGB
|
0.42533496 |
details, prediction |
Telcoin
TEL
|
0.44816104 |
details, prediction |
|
Third tier
|
Propy
PRO
|
-0.3187658 |
details, prediction |
Matrix AI Network
MAN
|
-0.24799538 |
details, prediction |
V Systems
VSYS
|
-0.15470038 |
details, prediction |
Phantasma
SOUL
|
-0.11792186 |
details, prediction |
NKN
NKN
|
0.2739813 |
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)