Highly correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
Cardano
ADA
|
0.7741506 |
details, prediction |
Stellar
XLM
|
0.763341 |
details, prediction |
Ethereum Classic
ETC
|
0.7505852 |
details, prediction |
Monero
XMR
|
0.7465219 |
details, prediction |
ZCash
ZEC
|
0.74105257 |
details, prediction |
|
Second tier
|
Algorand
ALGO
|
0.9761371 |
details, prediction |
Waves
WAVES
|
0.9411534 |
details, prediction |
HoloToken
HOT
|
0.9398446 |
details, prediction |
Siacoin
SC
|
0.9395165 |
details, prediction |
OriginTrail
TRAC
|
0.9381695 |
details, prediction |
|
Third tier
|
Chronobank
TIME
|
0.971667 |
details, prediction |
Kleros
PNK
|
0.9675527 |
details, prediction |
Enjin Coin
ENJ
|
0.9652391 |
details, prediction |
SysCoin
SYS
|
0.96152174 |
details, prediction |
Metal
MTL
|
0.9482445 |
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
|
-0.17488332 |
details, prediction |
Binance Coin
BNB
|
0.14975141 |
details, prediction |
UNUS SED LEO
LEO
|
0.39105758 |
details, prediction |
KuCoin Shares
KCS
|
0.47677353 |
details, prediction |
Dogecoin
DOGE
|
0.58208716 |
details, prediction |
|
Second tier
|
Dai
DAI
|
-0.20163609 |
details, prediction |
True USD
TUSD
|
-0.0035053687 |
details, prediction |
Zilliqa
ZIL
|
0.21779798 |
details, prediction |
Verge
XVG
|
0.5482449 |
details, prediction |
Ardor
ARDR
|
0.58373797 |
details, prediction |
|
Third tier
|
HEROcoin
PLAY
|
-0.47104257 |
details, prediction |
Constellation
DAG
|
-0.31104758 |
details, prediction |
BOScoin
BOS
|
0.27558953 |
details, prediction |
Dero
DERO
|
0.2801627 |
details, prediction |
OPEN Platform
OPEN
|
0.62051684 |
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)