Highly correlated currencies
Coin |
Correlation |
Links |
First tier
|
SONM
SNM
|
0.37875018 |
details, prediction |
Matic Network
MATIC
|
0.094164886 |
details, prediction |
Crypto.com Chain
CRO
|
0.010908789 |
details, prediction |
Tezos
XTZ
|
-0.05306893 |
details, prediction |
USD//Coin
USDC
|
-0.05451236 |
details, prediction |
Second tier
|
OriginTrail
TRAC
|
0.92548186 |
details, prediction |
XYO Network
XYO
|
0.7854441 |
details, prediction |
SwissBorg
CHSB
|
0.7530312 |
details, prediction |
IoTeX
IOTX
|
0.6895152 |
details, prediction |
Stox
STX
|
0.6389122 |
details, prediction |
Third tier
|
Playgroundz
IOG
|
0.89726126 |
details, prediction |
Melon
MLN
|
0.8871393 |
details, prediction |
Blockport
BPT
|
0.88269925 |
details, prediction |
CEEK
CEEK
|
0.88263845 |
details, prediction |
PotCoin
POT
|
0.87966925 |
details, prediction |
This report should be leaned to get most info about heading trends.
It means that iXledger 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 iXledger
Low correlated currencies
Coin |
Correlation |
Links |
First tier
|
Binance Coin
BNB
|
-0.85138667 |
details, prediction |
Ethereum
ETH
|
-0.83964074 |
details, prediction |
Bitcoin SV
BSV
|
-0.83321303 |
details, prediction |
Litecoin
LTC
|
-0.8328719 |
details, prediction |
Bitcoin
BTC
|
-0.8199123 |
details, prediction |
Second tier
|
Bitcoin Gold
BTG
|
-0.8708371 |
details, prediction |
MonaCoin
MONA
|
-0.8226891 |
details, prediction |
Huobi Token
HT
|
-0.80792665 |
details, prediction |
Dent
DENT
|
-0.7805577 |
details, prediction |
BitTorrent
BTT
|
-0.7530515 |
details, prediction |
Third tier
|
Santiment
SAN
|
-0.87560314 |
details, prediction |
Token as a Service
TAAS
|
-0.85686445 |
details, prediction |
Dreamscape
DSC
|
-0.8527554 |
details, prediction |
Energi
NRG
|
-0.85046715 |
details, prediction |
Solve.Care
SOLVE
|
-0.8487563 |
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)