Highly correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
Bitcoin Cash
BCH
|
0.8477316 |
details, prediction |
Crypto.com Chain
CRO
|
0.80576503 |
details, prediction |
Cardano
ADA
|
0.7725851 |
details, prediction |
XRP
XRP
|
0.400605 |
details, prediction |
Ethereum Classic
ETC
|
0.1718754 |
details, prediction |
|
Second tier
|
Theta Fuel
TFUEL
|
0.96398276 |
details, prediction |
Waves
WAVES
|
0.9521937 |
details, prediction |
Siacoin
SC
|
0.9363839 |
details, prediction |
Zilliqa
ZIL
|
0.8980735 |
details, prediction |
Bitcoin Gold
BTG
|
0.858782 |
details, prediction |
|
Third tier
|
Loopring
LRC
|
0.9741177 |
details, prediction |
LAToken
LA
|
0.9132839 |
details, prediction |
Internet of Services
IOST
|
0.9044251 |
details, prediction |
Komodo
KMD
|
0.8920275 |
details, prediction |
ARK
ARK
|
0.8558717 |
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
|
UNUS SED LEO
LEO
|
-0.9495363 |
details, prediction |
TRON
TRX
|
-0.78387976 |
details, prediction |
ZCash
ZEC
|
-0.42665038 |
details, prediction |
Bitcoin
BTC
|
-0.42068213 |
details, prediction |
Monero
XMR
|
-0.38138956 |
details, prediction |
|
Second tier
|
OriginTrail
TRAC
|
-0.53341067 |
details, prediction |
Algorand
ALGO
|
-0.42447016 |
details, prediction |
Telcoin
TEL
|
-0.33622962 |
details, prediction |
DASH
DASH
|
-0.2368817 |
details, prediction |
Bitcoin SV
BSV
|
-0.15744795 |
details, prediction |
|
Third tier
|
V Systems
VSYS
|
-0.72729784 |
details, prediction |
HEROcoin
PLAY
|
-0.43547085 |
details, prediction |
Ontology
ONT
|
-0.3866324 |
details, prediction |
Enjin Coin
ENJ
|
-0.30134404 |
details, prediction |
Constellation
DAG
|
-0.25738358 |
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)