Highly correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
Cardano
ADA
|
0.8757409 |
details, prediction |
Ethereum Classic
ETC
|
0.87041926 |
details, prediction |
ChainLink
LINK
|
0.8562702 |
details, prediction |
Crypto.com Chain
CRO
|
0.83922374 |
details, prediction |
Stellar
XLM
|
0.83636266 |
details, prediction |
|
Second tier
|
Decentraland
MANA
|
0.9922583 |
details, prediction |
Horizen
ZEN
|
0.98982453 |
details, prediction |
HoloToken
HOT
|
0.9892371 |
details, prediction |
Theta Fuel
TFUEL
|
0.9863602 |
details, prediction |
QTUM
QTUM
|
0.98625934 |
details, prediction |
|
Third tier
|
Storj
STORJ
|
0.9890482 |
details, prediction |
PIVX
PIVX
|
0.98729354 |
details, prediction |
FunFair
FUN
|
0.9843782 |
details, prediction |
ICON
ICX
|
0.9842972 |
details, prediction |
Civic
CVC
|
0.9804151 |
details, prediction |
This report should be leaned to get most info about heading trends.
It means that SwftCoin 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 SwftCoin
Low correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
TRON
TRX
|
-0.4140652 |
details, prediction |
Binance Coin
BNB
|
-0.28095445 |
details, prediction |
Dogecoin
DOGE
|
0.2861448 |
details, prediction |
UNUS SED LEO
LEO
|
0.29075673 |
details, prediction |
XRP
XRP
|
0.4353649 |
details, prediction |
|
Second tier
|
Dai
DAI
|
-0.49007303 |
details, prediction |
True USD
TUSD
|
-0.2506814 |
details, prediction |
Zilliqa
ZIL
|
0.17632833 |
details, prediction |
Verge
XVG
|
0.3424363 |
details, prediction |
Ardor
ARDR
|
0.41091436 |
details, prediction |
|
Third tier
|
HEROcoin
PLAY
|
-0.824704 |
details, prediction |
Constellation
DAG
|
-0.5363075 |
details, prediction |
Dero
DERO
|
-0.10921486 |
details, prediction |
BOScoin
BOS
|
0.1330323 |
details, prediction |
Elastos
ELA
|
0.5052683 |
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)