Highly correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
Crypto.com Chain
CRO
|
0.8648607 |
details, prediction |
Litecoin
LTC
|
0.8580754 |
details, prediction |
Cardano
ADA
|
0.8417589 |
details, prediction |
XRP
XRP
|
0.8070181 |
details, prediction |
Bitcoin Cash
BCH
|
0.750702 |
details, prediction |
|
Second tier
|
Bitcoin Gold
BTG
|
0.82145965 |
details, prediction |
Tezos
XTZ
|
0.808437 |
details, prediction |
HoloToken
HOT
|
0.7985895 |
details, prediction |
aelf
ELF
|
0.79737407 |
details, prediction |
Status
SNT
|
0.7942722 |
details, prediction |
|
Third tier
|
Civic
CVC
|
0.8358862 |
details, prediction |
ARK
ARK
|
0.8217272 |
details, prediction |
Hydro Protocol
HOT
|
0.7998952 |
details, prediction |
QuarkChain
QKC
|
0.7964388 |
details, prediction |
Internet of Services
IOST
|
0.7913012 |
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
|
UNUS SED LEO
LEO
|
-0.84205526 |
details, prediction |
Stellar
XLM
|
-0.44715035 |
details, prediction |
TRON
TRX
|
-0.3970277 |
details, prediction |
ZCash
ZEC
|
-0.23715208 |
details, prediction |
Binance Coin
BNB
|
0.09805885 |
details, prediction |
|
Second tier
|
Dai
DAI
|
-0.54582 |
details, prediction |
USD//Coin
USDC
|
-0.49781317 |
details, prediction |
OriginTrail
TRAC
|
-0.4510838 |
details, prediction |
Telcoin
TEL
|
-0.32385182 |
details, prediction |
True USD
TUSD
|
-0.17705147 |
details, prediction |
|
Third tier
|
HEROcoin
PLAY
|
-0.36961904 |
details, prediction |
V Systems
VSYS
|
-0.12024134 |
details, prediction |
OPEN Platform
OPEN
|
-0.022485131 |
details, prediction |
NKN
NKN
|
-0.016183866 |
details, prediction |
Ontology
ONT
|
-0.00346428 |
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)