Highly correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
Binance Coin
BNB
|
0.8901043 |
details, prediction |
Bitcoin
BTC
|
0.88971364 |
details, prediction |
Cardano
ADA
|
0.88430005 |
details, prediction |
Monero
XMR
|
0.8828024 |
details, prediction |
ChainLink
LINK
|
0.880329 |
details, prediction |
|
Second tier
|
Bitcoin SV
BSV
|
0.9173572 |
details, prediction |
Theta
THETA
|
0.91192967 |
details, prediction |
0x
ZRX
|
0.9045266 |
details, prediction |
QTUM
QTUM
|
0.89788365 |
details, prediction |
IOTA
IOT
|
0.87810034 |
details, prediction |
|
Third tier
|
Stox
STX
|
0.9263798 |
details, prediction |
Gas
GAS
|
0.86590976 |
details, prediction |
Metal
MTL
|
0.86434424 |
details, prediction |
Steem
STEEM
|
0.85619414 |
details, prediction |
QuarkChain
QKC
|
0.85337865 |
details, prediction |
This report should be leaned to get most info about heading trends.
It means that IoTeX 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 IoTeX
Low correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
TRON
TRX
|
0.06012438 |
details, prediction |
Stellar
XLM
|
0.6065119 |
details, prediction |
KuCoin Shares
KCS
|
0.7462289 |
details, prediction |
XRP
XRP
|
0.78371996 |
details, prediction |
Dogecoin
DOGE
|
0.7884936 |
details, prediction |
|
Second tier
|
Ravencoin
RVN
|
-0.79968154 |
details, prediction |
USD//Coin
USDC
|
-0.44092345 |
details, prediction |
True USD
TUSD
|
-0.384112 |
details, prediction |
aelf
ELF
|
0.08434792 |
details, prediction |
Telcoin
TEL
|
0.10958097 |
details, prediction |
|
Third tier
|
ICON
ICX
|
-0.7560911 |
details, prediction |
OPEN Platform
OPEN
|
-0.73685664 |
details, prediction |
Matrix AI Network
MAN
|
-0.7292685 |
details, prediction |
HEROcoin
PLAY
|
-0.70798755 |
details, prediction |
Storj
STORJ
|
-0.6835144 |
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)