Highly correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
Dogecoin
DOGE
|
0.88337874 |
details, prediction |
Stellar
XLM
|
0.77057916 |
details, prediction |
Ethereum Classic
ETC
|
0.6983628 |
details, prediction |
XRP
XRP
|
0.49515244 |
details, prediction |
KuCoin Shares
KCS
|
0.44637617 |
details, prediction |
|
Second tier
|
iEx.ec
RLC
|
0.90404326 |
details, prediction |
NEO
NEO
|
0.8922336 |
details, prediction |
Cosmos
ATOM
|
0.85871184 |
details, prediction |
OriginTrail
TRAC
|
0.8406682 |
details, prediction |
FTX Token
FTT
|
0.82983404 |
details, prediction |
|
Third tier
|
Steem
STEEM
|
0.8633516 |
details, prediction |
Kyber Network
KNC
|
0.85785836 |
details, prediction |
ARK
ARK
|
0.85631436 |
details, prediction |
IoTeX
IOTX
|
0.8465109 |
details, prediction |
Elastos
ELA
|
0.8068932 |
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
|
-0.21943673 |
details, prediction |
Monero
XMR
|
-0.049744815 |
details, prediction |
Ethereum
ETH
|
-0.00682452 |
details, prediction |
ChainLink
LINK
|
0.06854956 |
details, prediction |
Litecoin
LTC
|
0.085162126 |
details, prediction |
|
Second tier
|
Dai
DAI
|
-0.3642169 |
details, prediction |
DigiByte
DGB
|
-0.3279704 |
details, prediction |
Decred
DCR
|
-0.21484117 |
details, prediction |
Bitcoin SV
BSV
|
-0.134098 |
details, prediction |
HoloToken
HOT
|
-0.11099448 |
details, prediction |
|
Third tier
|
NKN
NKN
|
-0.7669422 |
details, prediction |
V Systems
VSYS
|
-0.5588291 |
details, prediction |
Propy
PRO
|
-0.41586816 |
details, prediction |
Hydro Protocol
HOT
|
-0.17336722 |
details, prediction |
Constellation
DAG
|
-0.15659784 |
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)