Highly correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
Dogecoin
DOGE
|
0.8769966 |
details, prediction |
Ethereum Classic
ETC
|
0.7712232 |
details, prediction |
Monero
XMR
|
0.7575745 |
details, prediction |
Bitcoin
BTC
|
0.73581743 |
details, prediction |
Litecoin
LTC
|
0.72739375 |
details, prediction |
|
Second tier
|
Telcoin
TEL
|
0.8743345 |
details, prediction |
Vechain
VET
|
0.83150643 |
details, prediction |
Huobi Token
HT
|
0.82661235 |
details, prediction |
DigiByte
DGB
|
0.8210286 |
details, prediction |
SwissBorg
CHSB
|
0.81997335 |
details, prediction |
|
Third tier
|
Blue Whale
BWX
|
0.92387277 |
details, prediction |
NoahCoin
NOAH
|
0.90779394 |
details, prediction |
DAPS Token
DAPS
|
0.9071717 |
details, prediction |
RChain
RHOC
|
0.90125835 |
details, prediction |
BitKan
KAN
|
0.8874534 |
details, prediction |
This report should be leaned to get most info about heading trends.
It means that KWATT 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 KWATT
Low correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
ChainLink
LINK
|
0.12867922 |
details, prediction |
TRON
TRX
|
0.36583328 |
details, prediction |
Fantom
FTM
|
0.51465195 |
details, prediction |
XRP
XRP
|
0.56809956 |
details, prediction |
Maker
MKR
|
0.6477928 |
details, prediction |
|
Second tier
|
XYO Network
XYO
|
-0.38621688 |
details, prediction |
Waves
WAVES
|
-0.37790713 |
details, prediction |
Dai
DAI
|
-0.3093036 |
details, prediction |
Quant Network
QNT
|
-0.109196 |
details, prediction |
Bitcoin SV
BSV
|
-0.048888434 |
details, prediction |
|
Third tier
|
Chainium
CHX
|
-0.8385073 |
details, prediction |
Tycoon Global
TCT
|
-0.7691602 |
details, prediction |
Buggyra Coin Zero
BCZERO
|
-0.75678504 |
details, prediction |
ODEM
ODEM
|
-0.6473469 |
details, prediction |
WorldCoin
WDC
|
-0.6240593 |
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)