Highly correlated currencies
Coin |
Correlation |
Links |
First tier
|
Fantom
FTM
|
0.7435885 |
details, prediction |
Tezos
XTZ
|
0.5499666 |
details, prediction |
Matic Network
MATIC
|
0.54964787 |
details, prediction |
IOTA
IOT
|
0.5484723 |
details, prediction |
Crypto.com Chain
CRO
|
0.51054937 |
details, prediction |
Second tier
|
MonaCoin
MONA
|
0.74792856 |
details, prediction |
SwissBorg
CHSB
|
0.7309035 |
details, prediction |
Aragon
ANT
|
0.65239406 |
details, prediction |
Decentraland
MANA
|
0.6416881 |
details, prediction |
SysCoin
SYS
|
0.5784149 |
details, prediction |
Third tier
|
SALT
SALT
|
0.83542085 |
details, prediction |
Stratis
STRAT
|
0.8307893 |
details, prediction |
Abyss
ABYSS
|
0.83038104 |
details, prediction |
WAX
WAX
|
0.82265085 |
details, prediction |
Agoras Token
AGRS
|
0.8169034 |
details, prediction |
This report should be leaned to get most info about heading trends.
It means that WeTrust 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 WeTrust
Low correlated currencies
Coin |
Correlation |
Links |
First tier
|
Monero
XMR
|
-0.42306918 |
details, prediction |
TRON
TRX
|
-0.3652627 |
details, prediction |
USD//Coin
USDC
|
-0.24471788 |
details, prediction |
Ethereum Classic
ETC
|
0.018548043 |
details, prediction |
Chiliz
CHZ
|
0.08217737 |
details, prediction |
Second tier
|
Zilliqa
ZIL
|
-0.4761916 |
details, prediction |
Kyber Network
KNC
|
-0.3779643 |
details, prediction |
EthLend
LEND
|
-0.3235401 |
details, prediction |
Dai
DAI
|
-0.28967312 |
details, prediction |
Metal
MTL
|
-0.2505911 |
details, prediction |
Third tier
|
Linker Coin
LNC
|
-0.813293 |
details, prediction |
Seele
SEELE
|
-0.6992189 |
details, prediction |
Haven Protocol
XHV
|
-0.69719636 |
details, prediction |
Time New Bank
TNB
|
-0.6404248 |
details, prediction |
CloakCoin
CLOAK
|
-0.6185678 |
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)