Highly correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
Cardano
ADA
|
0.8813462 |
details, prediction |
Crypto.com Chain
CRO
|
0.8555507 |
details, prediction |
XRP
XRP
|
0.8232205 |
details, prediction |
Litecoin
LTC
|
0.8141139 |
details, prediction |
Ethereum Classic
ETC
|
0.76539755 |
details, prediction |
|
Second tier
|
QTUM
QTUM
|
0.8328486 |
details, prediction |
Siacoin
SC
|
0.8315333 |
details, prediction |
Tezos
XTZ
|
0.8215531 |
details, prediction |
Zilliqa
ZIL
|
0.8190463 |
details, prediction |
Theta Fuel
TFUEL
|
0.8173431 |
details, prediction |
|
Third tier
|
Stox
STX
|
0.85984576 |
details, prediction |
Loopring
LRC
|
0.84875524 |
details, prediction |
Internet of Services
IOST
|
0.8478731 |
details, prediction |
IoTeX
IOTX
|
0.84351593 |
details, prediction |
Komodo
KMD
|
0.83873516 |
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
|
UNUS SED LEO
LEO
|
-0.97743344 |
details, prediction |
TRON
TRX
|
-0.24583925 |
details, prediction |
Stellar
XLM
|
-0.19262128 |
details, prediction |
ZCash
ZEC
|
-0.11107575 |
details, prediction |
Monero
XMR
|
0.3641024 |
details, prediction |
|
Second tier
|
USD//Coin
USDC
|
-0.5306071 |
details, prediction |
True USD
TUSD
|
-0.4133471 |
details, prediction |
Dai
DAI
|
-0.3973681 |
details, prediction |
OriginTrail
TRAC
|
-0.20459433 |
details, prediction |
Telcoin
TEL
|
0.010815683 |
details, prediction |
|
Third tier
|
OPEN Platform
OPEN
|
-0.34309405 |
details, prediction |
HEROcoin
PLAY
|
-0.13246042 |
details, prediction |
V Systems
VSYS
|
-0.0051646056 |
details, prediction |
Enjin Coin
ENJ
|
0.008033833 |
details, prediction |
NKN
NKN
|
0.04160106 |
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)