Highly correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
Dogecoin
DOGE
|
0.9738157 |
details, prediction |
XRP
XRP
|
0.93184304 |
details, prediction |
Ethereum Classic
ETC
|
0.9286791 |
details, prediction |
Binance Coin
BNB
|
0.84441346 |
details, prediction |
Bitcoin Cash
BCH
|
0.8403908 |
details, prediction |
|
Second tier
|
iEx.ec
RLC
|
0.9788161 |
details, prediction |
Verge
XVG
|
0.97129124 |
details, prediction |
Siacoin
SC
|
0.95511514 |
details, prediction |
Algorand
ALGO
|
0.95183945 |
details, prediction |
NEO
NEO
|
0.95067066 |
details, prediction |
|
Third tier
|
SingularityNET
AGI
|
0.9707218 |
details, prediction |
SwftCoin
SWFTC
|
0.9676604 |
details, prediction |
Internet of Services
IOST
|
0.96751034 |
details, prediction |
IoTeX
IOTX
|
0.9659353 |
details, prediction |
Kyber Network
KNC
|
0.96098024 |
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
|
Stellar
XLM
|
-0.016743232 |
details, prediction |
TRON
TRX
|
0.35335857 |
details, prediction |
Monero
XMR
|
0.4440379 |
details, prediction |
ZCash
ZEC
|
0.47157568 |
details, prediction |
Ethereum
ETH
|
0.58148384 |
details, prediction |
|
Second tier
|
Dai
DAI
|
-0.68963957 |
details, prediction |
USD//Coin
USDC
|
-0.67822593 |
details, prediction |
True USD
TUSD
|
-0.31143177 |
details, prediction |
DigiByte
DGB
|
-0.023744797 |
details, prediction |
Bitcoin SV
BSV
|
0.49411723 |
details, prediction |
|
Third tier
|
Propy
PRO
|
-0.41551518 |
details, prediction |
Matrix AI Network
MAN
|
-0.18458866 |
details, prediction |
NKN
NKN
|
-0.18205939 |
details, prediction |
Phantasma
SOUL
|
-0.1710584 |
details, prediction |
V Systems
VSYS
|
-0.08545612 |
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)