Highly correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
XRP
XRP
|
0.870283 |
details, prediction |
Litecoin
LTC
|
0.8619947 |
details, prediction |
Bitcoin Cash
BCH
|
0.84780955 |
details, prediction |
TRON
TRX
|
0.8447705 |
details, prediction |
Ethereum
ETH
|
0.8403313 |
details, prediction |
|
Second tier
|
Nano
NANO
|
0.8744533 |
details, prediction |
Request Network
REQ
|
0.8735963 |
details, prediction |
Verge
XVG
|
0.8727643 |
details, prediction |
QTUM
QTUM
|
0.87250316 |
details, prediction |
EthLend
LEND
|
0.8716527 |
details, prediction |
|
Third tier
|
Russiacoin
RC
|
0.9081965 |
details, prediction |
Melon
MLN
|
0.8922925 |
details, prediction |
Omni
OMNI
|
0.8863759 |
details, prediction |
SpankChain
SPANK
|
0.8849278 |
details, prediction |
Speed Mining Service
SMS
|
0.88420933 |
details, prediction |
This report should be leaned to get most info about heading trends.
It means that iTicoin 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 iTicoin
Low correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
Binance Coin
BNB
|
0.16067824 |
details, prediction |
Ethereum Classic
ETC
|
0.6664135 |
details, prediction |
ZCash
ZEC
|
0.68787104 |
details, prediction |
KuCoin Shares
KCS
|
0.72745425 |
details, prediction |
Bitcoin
BTC
|
0.7372816 |
details, prediction |
|
Second tier
|
Huobi Token
HT
|
-0.27020398 |
details, prediction |
Dai
DAI
|
-0.045965306 |
details, prediction |
True USD
TUSD
|
0.18703511 |
details, prediction |
Theta
THETA
|
0.27097943 |
details, prediction |
DigiByte
DGB
|
0.35966823 |
details, prediction |
|
Third tier
|
WeAreSatoshi
WSX
|
-0.7657341 |
details, prediction |
Bitcedi
BXC
|
-0.7582044 |
details, prediction |
ODEM
ODEM
|
-0.6608594 |
details, prediction |
Docademic
MTC
|
-0.63369083 |
details, prediction |
GoChain
GO
|
-0.57670796 |
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)