Highly correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
Stellar
XLM
|
0.80874425 |
details, prediction |
Ethereum Classic
ETC
|
0.6467903 |
details, prediction |
Bitcoin Cash
BCH
|
0.62707007 |
details, prediction |
KuCoin Shares
KCS
|
0.59117687 |
details, prediction |
Litecoin
LTC
|
0.54097784 |
details, prediction |
|
Second tier
|
Basic Attention Token
BAT
|
0.85646194 |
details, prediction |
Synthetix Network Token
SNX
|
0.8428089 |
details, prediction |
Crypto.com Chain
CRO
|
0.7950845 |
details, prediction |
Zilliqa
ZIL
|
0.782812 |
details, prediction |
Waves
WAVES
|
0.770347 |
details, prediction |
|
Third tier
|
PIVX
PIVX
|
0.8742112 |
details, prediction |
Enjin Coin
ENJ
|
0.81802243 |
details, prediction |
Electroneum
ETN
|
0.68833035 |
details, prediction |
ARK
ARK
|
0.6831264 |
details, prediction |
Elastos
ELA
|
0.6280817 |
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
|
0.040628314 |
details, prediction |
Ethereum
ETH
|
0.13771261 |
details, prediction |
TRON
TRX
|
0.14066729 |
details, prediction |
Binance Coin
BNB
|
0.17824246 |
details, prediction |
Bitcoin
BTC
|
0.23758563 |
details, prediction |
|
Second tier
|
DigiByte
DGB
|
-0.2330335 |
details, prediction |
Ravencoin
RVN
|
0.076918714 |
details, prediction |
Decred
DCR
|
0.1868939 |
details, prediction |
USD//Coin
USDC
|
0.24286094 |
details, prediction |
Horizen
ZEN
|
0.24608634 |
details, prediction |
|
Third tier
|
OPEN Platform
OPEN
|
-0.22637053 |
details, prediction |
HEROcoin
PLAY
|
-0.17623 |
details, prediction |
V Systems
VSYS
|
-0.07834576 |
details, prediction |
NKN
NKN
|
-0.019963747 |
details, prediction |
Constellation
DAG
|
-0.009689466 |
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)