Highly correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
Cardano
ADA
|
0.95697635 |
details, prediction |
Bitcoin Cash
BCH
|
0.9319462 |
details, prediction |
Ethereum Classic
ETC
|
0.9087381 |
details, prediction |
Crypto.com Chain
CRO
|
0.89073694 |
details, prediction |
KuCoin Shares
KCS
|
0.8796163 |
details, prediction |
|
Second tier
|
Telcoin
TEL
|
0.97533625 |
details, prediction |
Theta Fuel
TFUEL
|
0.9746692 |
details, prediction |
Bitcoin Gold
BTG
|
0.97150946 |
details, prediction |
EOS
EOS
|
0.9686019 |
details, prediction |
Siacoin
SC
|
0.9645335 |
details, prediction |
|
Third tier
|
IoTeX
IOTX
|
0.9714353 |
details, prediction |
Internet of Services
IOST
|
0.9691519 |
details, prediction |
Kleros
PNK
|
0.96720827 |
details, prediction |
Loopring
LRC
|
0.95738715 |
details, prediction |
SysCoin
SYS
|
0.95596564 |
details, prediction |
This report should be leaned to get most info about heading trends.
It means that IOTA 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 IOTA
Low correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
TRON
TRX
|
-0.8291324 |
details, prediction |
ZCash
ZEC
|
0.17727491 |
details, prediction |
UNUS SED LEO
LEO
|
0.24386328 |
details, prediction |
Bitcoin
BTC
|
0.53726786 |
details, prediction |
Ethereum
ETH
|
0.54767835 |
details, prediction |
|
Second tier
|
Dai
DAI
|
-0.2304658 |
details, prediction |
Decred
DCR
|
-0.06866638 |
details, prediction |
True USD
TUSD
|
0.06118567 |
details, prediction |
Nexo
NEXO
|
0.22887436 |
details, prediction |
Algorand
ALGO
|
0.27833363 |
details, prediction |
|
Third tier
|
Ontology
ONT
|
-0.49385774 |
details, prediction |
OPEN Platform
OPEN
|
-0.42341584 |
details, prediction |
Enjin Coin
ENJ
|
-0.34391534 |
details, prediction |
Kambria
KAT
|
-0.23224099 |
details, prediction |
HEROcoin
PLAY
|
-0.1889901 |
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)