Highly correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
Dogecoin
DOGE
|
0.9834458 |
details, prediction |
Ethereum Classic
ETC
|
0.9534671 |
details, prediction |
XRP
XRP
|
0.94760144 |
details, prediction |
Bitcoin Cash
BCH
|
0.8698601 |
details, prediction |
Bitcoin
BTC
|
0.82991207 |
details, prediction |
|
Second tier
|
Siacoin
SC
|
0.977219 |
details, prediction |
Chiliz
CHZ
|
0.9715143 |
details, prediction |
NEO
NEO
|
0.969144 |
details, prediction |
Verge
XVG
|
0.96817046 |
details, prediction |
Zilliqa
ZIL
|
0.96804273 |
details, prediction |
|
Third tier
|
Internet of Services
IOST
|
0.983794 |
details, prediction |
Steem
STEEM
|
0.98043245 |
details, prediction |
SingularityNET
AGI
|
0.9784812 |
details, prediction |
ARK
ARK
|
0.9743984 |
details, prediction |
Civic
CVC
|
0.9737348 |
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
|
Stellar
XLM
|
-0.11211517 |
details, prediction |
TRON
TRX
|
0.32994297 |
details, prediction |
Monero
XMR
|
0.4002189 |
details, prediction |
ZCash
ZEC
|
0.43327627 |
details, prediction |
Ethereum
ETH
|
0.5723927 |
details, prediction |
|
Second tier
|
Dai
DAI
|
-0.8171832 |
details, prediction |
USD//Coin
USDC
|
-0.6778189 |
details, prediction |
True USD
TUSD
|
-0.22117026 |
details, prediction |
DigiByte
DGB
|
-0.08965891 |
details, prediction |
Bitcoin SV
BSV
|
0.50635993 |
details, prediction |
|
Third tier
|
Achain
ACT
|
-0.4494158 |
details, prediction |
Propy
PRO
|
-0.34868908 |
details, prediction |
Phantasma
SOUL
|
-0.13342041 |
details, prediction |
NKN
NKN
|
-0.13108465 |
details, prediction |
V Systems
VSYS
|
-0.07369718 |
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)