Highly correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
Dogecoin
DOGE
|
0.742652 |
details, prediction |
XRP
XRP
|
0.6906533 |
details, prediction |
Ethereum Classic
ETC
|
0.69041544 |
details, prediction |
Binance Coin
BNB
|
0.64005023 |
details, prediction |
Bitcoin
BTC
|
0.62837166 |
details, prediction |
|
Second tier
|
Verge
XVG
|
0.84120065 |
details, prediction |
Theta
THETA
|
0.7732711 |
details, prediction |
Nexo
NEXO
|
0.765698 |
details, prediction |
Siacoin
SC
|
0.7482768 |
details, prediction |
QTUM
QTUM
|
0.7379307 |
details, prediction |
|
Third tier
|
Stox
STX
|
0.7681128 |
details, prediction |
Gas
GAS
|
0.7436319 |
details, prediction |
Ontology
ONT
|
0.7270236 |
details, prediction |
SingularityNET
AGI
|
0.7081658 |
details, prediction |
Kyber Network
KNC
|
0.6877459 |
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
|
TRON
TRX
|
-0.0307923 |
details, prediction |
Cardano
ADA
|
0.385718 |
details, prediction |
Stellar
XLM
|
0.3980356 |
details, prediction |
Bitcoin Cash
BCH
|
0.47688806 |
details, prediction |
Ethereum
ETH
|
0.5006805 |
details, prediction |
|
Second tier
|
USD//Coin
USDC
|
-0.25853664 |
details, prediction |
aelf
ELF
|
-0.24515074 |
details, prediction |
Ravencoin
RVN
|
-0.19606563 |
details, prediction |
True USD
TUSD
|
-0.1877459 |
details, prediction |
Dai
DAI
|
-0.13513285 |
details, prediction |
|
Third tier
|
NKN
NKN
|
-0.6371498 |
details, prediction |
Matrix AI Network
MAN
|
-0.47590303 |
details, prediction |
Dero
DERO
|
-0.40826422 |
details, prediction |
ICON
ICX
|
-0.35159734 |
details, prediction |
OPEN Platform
OPEN
|
-0.25934935 |
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)