Highly correlated currencies
Coin |
Correlation |
Links |
First tier
|
Cosmos
ATOM
|
0.98286545 |
details, prediction |
XRP
XRP
|
0.98286057 |
details, prediction |
Matic Network
MATIC
|
0.97996366 |
details, prediction |
Crypto.com Chain
CRO
|
0.9773249 |
details, prediction |
ChainLink
LINK
|
0.9746429 |
details, prediction |
Second tier
|
Fantom
FTM
|
0.98173964 |
details, prediction |
Theta Fuel
TFUEL
|
0.9796439 |
details, prediction |
Aragon
ANT
|
0.9792147 |
details, prediction |
Nano
NANO
|
0.97901565 |
details, prediction |
iEx.ec
RLC
|
0.9782941 |
details, prediction |
Third tier
|
Achain
ACT
|
0.9900954 |
details, prediction |
Beam
BEAM
|
0.98458403 |
details, prediction |
Skrumble Network
SKM
|
0.9829729 |
details, prediction |
Kin
KIN
|
0.98288786 |
details, prediction |
Lambda
LAMB
|
0.98231226 |
details, prediction |
This report should be leaned to get most info about heading trends.
It means that IoT Chain 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 IoT Chain
Low correlated currencies
Coin |
Correlation |
Links |
First tier
|
TRON
TRX
|
-0.43358132 |
details, prediction |
Monero
XMR
|
0.71372205 |
details, prediction |
KuCoin Shares
KCS
|
0.7961653 |
details, prediction |
UNUS SED LEO
LEO
|
0.8505983 |
details, prediction |
Huobi Token
HT
|
0.881255 |
details, prediction |
Second tier
|
True USD
TUSD
|
-0.6480477 |
details, prediction |
USD//Coin
USDC
|
-0.63052046 |
details, prediction |
Dai
DAI
|
-0.5787862 |
details, prediction |
Paxos Standard
PAX
|
-0.46469572 |
details, prediction |
EthLend
LEND
|
-0.41842645 |
details, prediction |
Third tier
|
Time New Bank
TNB
|
-0.9380481 |
details, prediction |
Gemini Dollar
GUSD
|
-0.7194671 |
details, prediction |
ILCoin
ILC
|
-0.69890857 |
details, prediction |
FeatherCoin
FTC
|
-0.64846843 |
details, prediction |
Envion
EVN
|
-0.55803823 |
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)