Highly correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
Bitcoin Cash
BCH
|
0.96078587 |
details, prediction |
Cardano
ADA
|
0.93358743 |
details, prediction |
KuCoin Shares
KCS
|
0.9072939 |
details, prediction |
Ethereum Classic
ETC
|
0.8951962 |
details, prediction |
Crypto.com Chain
CRO
|
0.87546194 |
details, prediction |
|
Second tier
|
Theta Fuel
TFUEL
|
0.99383247 |
details, prediction |
Bitcoin Gold
BTG
|
0.99237007 |
details, prediction |
Waves
WAVES
|
0.9895987 |
details, prediction |
Request Network
REQ
|
0.98783517 |
details, prediction |
Siacoin
SC
|
0.98440796 |
details, prediction |
|
Third tier
|
Kleros
PNK
|
0.97999364 |
details, prediction |
Internet of Services
IOST
|
0.9784593 |
details, prediction |
Loopring
LRC
|
0.9780304 |
details, prediction |
SingularityNET
AGI
|
0.9740888 |
details, prediction |
SysCoin
SYS
|
0.9690366 |
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
|
-0.786152 |
details, prediction |
UNUS SED LEO
LEO
|
0.10449221 |
details, prediction |
ZCash
ZEC
|
0.3754962 |
details, prediction |
Ethereum
ETH
|
0.614552 |
details, prediction |
Bitcoin
BTC
|
0.68184936 |
details, prediction |
|
Second tier
|
Dai
DAI
|
-0.29405415 |
details, prediction |
Decred
DCR
|
-0.26987517 |
details, prediction |
True USD
TUSD
|
0.21358415 |
details, prediction |
Algorand
ALGO
|
0.3013712 |
details, prediction |
Nexo
NEXO
|
0.30907848 |
details, prediction |
|
Third tier
|
Ontology
ONT
|
-0.51515204 |
details, prediction |
OPEN Platform
OPEN
|
-0.13575436 |
details, prediction |
Enjin Coin
ENJ
|
-0.09577717 |
details, prediction |
Dent
DENT
|
-0.019354869 |
details, prediction |
HEROcoin
PLAY
|
0.06193278 |
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)