Highly correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
Cardano
ADA
|
0.7213959 |
details, prediction |
Crypto.com Chain
CRO
|
0.67654264 |
details, prediction |
Bitcoin Cash
BCH
|
0.605315 |
details, prediction |
XRP
XRP
|
0.5973378 |
details, prediction |
Binance Coin
BNB
|
0.5737651 |
details, prediction |
|
Second tier
|
Tezos
XTZ
|
0.73262316 |
details, prediction |
Zilliqa
ZIL
|
0.7045919 |
details, prediction |
Siacoin
SC
|
0.69312984 |
details, prediction |
Bitcoin Gold
BTG
|
0.6761506 |
details, prediction |
Waves
WAVES
|
0.6355404 |
details, prediction |
|
Third tier
|
SingularityNET
AGI
|
0.7787081 |
details, prediction |
Stox
STX
|
0.72324103 |
details, prediction |
Internet of Services
IOST
|
0.69404775 |
details, prediction |
ARK
ARK
|
0.67111963 |
details, prediction |
IoTeX
IOTX
|
0.65234333 |
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
|
-0.40881076 |
details, prediction |
Ethereum
ETH
|
-0.17093544 |
details, prediction |
KuCoin Shares
KCS
|
-0.0210908 |
details, prediction |
Bitcoin
BTC
|
0.029677805 |
details, prediction |
Stellar
XLM
|
0.08192273 |
details, prediction |
|
Second tier
|
True USD
TUSD
|
-0.25415763 |
details, prediction |
USD//Coin
USDC
|
-0.23232089 |
details, prediction |
Dai
DAI
|
-0.18958673 |
details, prediction |
Algorand
ALGO
|
-0.16787443 |
details, prediction |
Bitcoin SV
BSV
|
-0.061540063 |
details, prediction |
|
Third tier
|
Ontology
ONT
|
-0.6027415 |
details, prediction |
LAToken
LA
|
-0.5514063 |
details, prediction |
HEROcoin
PLAY
|
-0.34997064 |
details, prediction |
NKN
NKN
|
-0.2582714 |
details, prediction |
V Systems
VSYS
|
-0.2034916 |
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)