Highly correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
Cardano
ADA
|
0.71956855 |
details, prediction |
Stellar
XLM
|
0.70833355 |
details, prediction |
Ethereum Classic
ETC
|
0.69373316 |
details, prediction |
Monero
XMR
|
0.6909698 |
details, prediction |
Bitcoin
BTC
|
0.6869419 |
details, prediction |
|
Second tier
|
Algorand
ALGO
|
0.9867375 |
details, prediction |
OriginTrail
TRAC
|
0.9381695 |
details, prediction |
Siacoin
SC
|
0.9314346 |
details, prediction |
Waves
WAVES
|
0.928504 |
details, prediction |
HoloToken
HOT
|
0.925192 |
details, prediction |
|
Third tier
|
Chronobank
TIME
|
0.971667 |
details, prediction |
Enjin Coin
ENJ
|
0.95938987 |
details, prediction |
SysCoin
SYS
|
0.95408607 |
details, prediction |
Internet of Services
IOST
|
0.9433038 |
details, prediction |
Metal
MTL
|
0.93963724 |
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
|
Binance Coin
BNB
|
-0.15654208 |
details, prediction |
TRON
TRX
|
-0.1297974 |
details, prediction |
KuCoin Shares
KCS
|
0.47677353 |
details, prediction |
XRP
XRP
|
0.48261327 |
details, prediction |
Dogecoin
DOGE
|
0.48815987 |
details, prediction |
|
Second tier
|
Dai
DAI
|
-0.15960802 |
details, prediction |
True USD
TUSD
|
-0.1028031 |
details, prediction |
Zilliqa
ZIL
|
0.22920008 |
details, prediction |
Ardor
ARDR
|
0.46765023 |
details, prediction |
USD//Coin
USDC
|
0.5610254 |
details, prediction |
|
Third tier
|
HEROcoin
PLAY
|
-0.47104257 |
details, prediction |
Constellation
DAG
|
-0.31104758 |
details, prediction |
Dero
DERO
|
0.26232794 |
details, prediction |
BOScoin
BOS
|
0.27558953 |
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)