Highly correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
UNUS SED LEO
LEO
|
0.8626823 |
details, prediction |
Cardano
ADA
|
0.59303933 |
details, prediction |
Crypto.com Chain
CRO
|
0.5508974 |
details, prediction |
Bitcoin Cash
BCH
|
0.5043384 |
details, prediction |
Ethereum Classic
ETC
|
0.35413593 |
details, prediction |
|
Second tier
|
Verge
XVG
|
0.6822437 |
details, prediction |
Telcoin
TEL
|
0.62682354 |
details, prediction |
Dai
DAI
|
0.5921438 |
details, prediction |
IOTA
IOT
|
0.56535906 |
details, prediction |
Bitcoin Gold
BTG
|
0.54109406 |
details, prediction |
|
Third tier
|
FunFair
FUN
|
0.9525969 |
details, prediction |
Dero
DERO
|
0.7626136 |
details, prediction |
Dent
DENT
|
0.73412055 |
details, prediction |
BABB
BAX
|
0.61332315 |
details, prediction |
Komodo
KMD
|
0.60311025 |
details, prediction |
This report should be leaned to get most info about heading trends.
It means that Wanchain 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 Wanchain
Low correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
ZCash
ZEC
|
-0.59384704 |
details, prediction |
TRON
TRX
|
-0.52499294 |
details, prediction |
Bitcoin
BTC
|
-0.427531 |
details, prediction |
Ethereum
ETH
|
-0.3475957 |
details, prediction |
Monero
XMR
|
-0.07248346 |
details, prediction |
|
Second tier
|
Nexo
NEXO
|
-0.46360028 |
details, prediction |
Bitcoin SV
BSV
|
-0.44881627 |
details, prediction |
Algorand
ALGO
|
-0.43590274 |
details, prediction |
Theta
THETA
|
-0.35107622 |
details, prediction |
0x
ZRX
|
-0.32947487 |
details, prediction |
|
Third tier
|
Enjin Coin
ENJ
|
-0.87162036 |
details, prediction |
OPEN Platform
OPEN
|
-0.82537735 |
details, prediction |
HEROcoin
PLAY
|
-0.5683853 |
details, prediction |
Metal
MTL
|
-0.42183563 |
details, prediction |
Ontology
ONT
|
-0.40327138 |
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)