Highly correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
Stellar
XLM
|
0.81859636 |
details, prediction |
Dogecoin
DOGE
|
0.7020624 |
details, prediction |
Ethereum Classic
ETC
|
0.6928257 |
details, prediction |
KuCoin Shares
KCS
|
0.49768564 |
details, prediction |
Bitcoin Cash
BCH
|
0.40150702 |
details, prediction |
|
Second tier
|
Basic Attention Token
BAT
|
0.94917816 |
details, prediction |
Chiliz
CHZ
|
0.9455154 |
details, prediction |
Zilliqa
ZIL
|
0.93754303 |
details, prediction |
Ravencoin
RVN
|
0.9311721 |
details, prediction |
Telcoin
TEL
|
0.9029448 |
details, prediction |
|
Third tier
|
Internet of Services
IOST
|
0.9634225 |
details, prediction |
Civic
CVC
|
0.9282627 |
details, prediction |
PIVX
PIVX
|
0.92576534 |
details, prediction |
Enjin Coin
ENJ
|
0.91984534 |
details, prediction |
Kambria
KAT
|
0.9093678 |
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
|
Monero
XMR
|
-0.4932887 |
details, prediction |
Ethereum
ETH
|
-0.4030549 |
details, prediction |
ChainLink
LINK
|
-0.39718348 |
details, prediction |
ZCash
ZEC
|
-0.30332312 |
details, prediction |
Bitcoin
BTC
|
-0.113239326 |
details, prediction |
|
Second tier
|
Dai
DAI
|
-0.77211964 |
details, prediction |
DigiByte
DGB
|
-0.6155178 |
details, prediction |
Bitcoin SV
BSV
|
-0.45647737 |
details, prediction |
Decred
DCR
|
-0.24258937 |
details, prediction |
HoloToken
HOT
|
-0.1520551 |
details, prediction |
|
Third tier
|
V Systems
VSYS
|
-0.68593496 |
details, prediction |
NKN
NKN
|
-0.42693308 |
details, prediction |
Propy
PRO
|
-0.39217612 |
details, prediction |
Hydro Protocol
HOT
|
-0.21740593 |
details, prediction |
Dent
DENT
|
-0.082798675 |
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)