Highly correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
Ethereum Classic
ETC
|
0.7494918 |
details, prediction |
NEO
NEO
|
0.73010814 |
details, prediction |
Litecoin
LTC
|
0.7141245 |
details, prediction |
IOTA
IOT
|
0.6445883 |
details, prediction |
Vechain
VET
|
0.62639344 |
details, prediction |
|
Second tier
|
DigiByte
DGB
|
0.7541665 |
details, prediction |
Stox
STX
|
0.69773155 |
details, prediction |
Waves
WAVES
|
0.6516913 |
details, prediction |
Horizen
ZEN
|
0.61157066 |
details, prediction |
Lisk
LSK
|
0.6085997 |
details, prediction |
|
Third tier
|
MassGrid
MGD
|
0.88061595 |
details, prediction |
Tidex Token
TDX
|
0.86633027 |
details, prediction |
BitKan
KAN
|
0.8606596 |
details, prediction |
SIX
SIX
|
0.8366564 |
details, prediction |
Curecoin
CURE
|
0.8355381 |
details, prediction |
This report should be leaned to get most info about heading trends.
It means that PoSWallet 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 PoSWallet
Low correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
ChainLink
LINK
|
-0.85451186 |
details, prediction |
Maker
MKR
|
-0.68213516 |
details, prediction |
XRP
XRP
|
-0.5590613 |
details, prediction |
Stellar
XLM
|
-0.4896444 |
details, prediction |
USD//Coin
USDC
|
-0.4634995 |
details, prediction |
|
Second tier
|
Nexo
NEXO
|
-0.8699031 |
details, prediction |
Quant Network
QNT
|
-0.84317994 |
details, prediction |
Ravencoin
RVN
|
-0.77673 |
details, prediction |
Polymath Network
POLY
|
-0.7264172 |
details, prediction |
EthLend
LEND
|
-0.7188413 |
details, prediction |
|
Third tier
|
E-Dinar Coin
EDR
|
-0.87717044 |
details, prediction |
Chainium
CHX
|
-0.8609512 |
details, prediction |
Revain
R
|
-0.82777786 |
details, prediction |
Tycoon Global
TCT
|
-0.82488036 |
details, prediction |
Dero
DERO
|
-0.8021057 |
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)