Highly correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
Cardano
ADA
|
0.94532055 |
details, prediction |
Bitcoin Cash
BCH
|
0.91274977 |
details, prediction |
Ethereum Classic
ETC
|
0.91052544 |
details, prediction |
KuCoin Shares
KCS
|
0.9097917 |
details, prediction |
Crypto.com Chain
CRO
|
0.87865794 |
details, prediction |
|
Second tier
|
Telcoin
TEL
|
0.9727565 |
details, prediction |
Theta Fuel
TFUEL
|
0.9703955 |
details, prediction |
EOS
EOS
|
0.9686019 |
details, prediction |
Bitcoin Gold
BTG
|
0.9674966 |
details, prediction |
Status
SNT
|
0.96658945 |
details, prediction |
|
Third tier
|
Internet of Services
IOST
|
0.9735418 |
details, prediction |
ICON
ICX
|
0.9689821 |
details, prediction |
Kleros
PNK
|
0.96720827 |
details, prediction |
IoTeX
IOTX
|
0.9645011 |
details, prediction |
Storj
STORJ
|
0.96105736 |
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
|
-0.781883 |
details, prediction |
UNUS SED LEO
LEO
|
0.24386328 |
details, prediction |
Binance Coin
BNB
|
0.6843699 |
details, prediction |
ZCash
ZEC
|
0.6844608 |
details, prediction |
Ethereum
ETH
|
0.73279166 |
details, prediction |
|
Second tier
|
Dai
DAI
|
-0.43040514 |
details, prediction |
Decred
DCR
|
-0.22396086 |
details, prediction |
True USD
TUSD
|
0.06730678 |
details, prediction |
Nexo
NEXO
|
0.38339582 |
details, prediction |
Algorand
ALGO
|
0.5092112 |
details, prediction |
|
Third tier
|
Kambria
KAT
|
-0.62447745 |
details, prediction |
Ontology
ONT
|
-0.37399206 |
details, prediction |
OPEN Platform
OPEN
|
-0.107886314 |
details, prediction |
Dent
DENT
|
-0.102091506 |
details, prediction |
HEROcoin
PLAY
|
0.118346415 |
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)