Highly correlated currencies
Coin |
Correlation |
Links |
First tier
|
Binance Coin
BNB
|
0.7704525 |
details, prediction |
DASH
DASH
|
0.769232 |
details, prediction |
Bitcoin
BTC
|
0.75937027 |
details, prediction |
Nexo
NEXO
|
0.749044 |
details, prediction |
ZCash
ZEC
|
0.73754144 |
details, prediction |
Second tier
|
Republic protocol
REN
|
0.8296517 |
details, prediction |
Chiliz
CHZ
|
0.8174532 |
details, prediction |
Utrust
UTK
|
0.80551964 |
details, prediction |
Lisk
LSK
|
0.7994818 |
details, prediction |
iEx.ec
RLC
|
0.78371304 |
details, prediction |
Third tier
|
SelfKey
KEY
|
0.8228675 |
details, prediction |
GXChain
GXC
|
0.79315346 |
details, prediction |
Mainframe
MFT
|
0.7816399 |
details, prediction |
Beam
BEAM
|
0.7799526 |
details, prediction |
Aion
AION
|
0.7462243 |
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
|
-0.18905325 |
details, prediction |
Fantom
FTM
|
0.29540414 |
details, prediction |
UNUS SED LEO
LEO
|
0.3827104 |
details, prediction |
Monero
XMR
|
0.44183978 |
details, prediction |
Decentraland
MANA
|
0.4454177 |
details, prediction |
Second tier
|
USD//Coin
USDC
|
-0.772713 |
details, prediction |
Dai
DAI
|
-0.7537715 |
details, prediction |
True USD
TUSD
|
-0.64800125 |
details, prediction |
Paxos Standard
PAX
|
-0.6372682 |
details, prediction |
EthLend
LEND
|
-0.30641437 |
details, prediction |
Third tier
|
ILCoin
ILC
|
-0.6002306 |
details, prediction |
FeatherCoin
FTC
|
-0.5848403 |
details, prediction |
B2B
B2B
|
-0.5535965 |
details, prediction |
Envion
EVN
|
-0.53296006 |
details, prediction |
Lina
LINA
|
-0.49513662 |
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)