Crypto correlation matrix, correlation tables for cryptocurrency assets. Weekly crypto correlation based on crypto size or crypto sector.
Currently, the coin showing the lowest level of correlation is IoTeX (IOTX). IOTX has a price of 0.005 USD and a market capitalization of almost 28 million USD, up more than 100% in the last month.
The gif above shows how the different cryptocurrency projects recovered after the Covid crash of March. Roughly half of the projects registered a positive performance, with BTC posting an over 20% increase with respect ti the pre-crash level.
Scatterplot of 30 days crypto currency projects returns and volatilities. NANO and DOGE top bitcoin’s peers
Recap of trend and momentum indicators for cryptocurrency projects on 1hr and 1day timeframes
The correlation matrix above refers to the last 30 days. It is possible to see how correlations were pretty high among top crypto projects, with the average value slightly higher than 0.75.
Stellar Lumens (XLM) showed the lowest level, approaching 0.65 during the period. We cover top projects in our weekly reports.
In this post we give a picture of the technical setting for the class of small projects that we usually cover in our Weekly Reports. The following table depicts the general situation according to trend and momentum indicators. In the following sections, organized according to the different time frameworks, we provide details about all the indicators for each coin and the best positioned coins are plotted.
In the after-halving day, we take a look at the technical setting for BTC. Our selection of indicators is clearly affected by the movementof the last weekend. MACD has just turned negative, while both RSI and CCI are not giving a clear indication. ADX is also signaling a weakening uptrend, while Vortex is signaling the same and could be near to a sell signal.
In the last 30 days, Holo (HOT) and Zilliqa (ZIL) reported the lowest correlation levels among platform projects we follow. As reported by the matrix above, the two projects were the only two with a level below 0.5. In particular, HOT reported a level of 0.41 with the peers, while ZIL settled at 0.43.