Highly correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
Dogecoin
DOGE
|
0.88992447 |
details, prediction |
Ethereum Classic
ETC
|
0.8884559 |
details, prediction |
KuCoin Shares
KCS
|
0.8494306 |
details, prediction |
Bitcoin Cash
BCH
|
0.8358917 |
details, prediction |
Litecoin
LTC
|
0.6674282 |
details, prediction |
|
Second tier
|
Verge
XVG
|
0.9303597 |
details, prediction |
Theta Fuel
TFUEL
|
0.9182214 |
details, prediction |
NEO
NEO
|
0.91313887 |
details, prediction |
Synthetix Network Token
SNX
|
0.9046613 |
details, prediction |
IOTA
IOT
|
0.90122354 |
details, prediction |
|
Third tier
|
Kyber Network
KNC
|
0.9200458 |
details, prediction |
Lisk
LSK
|
0.9154109 |
details, prediction |
Steem
STEEM
|
0.90065116 |
details, prediction |
ARK
ARK
|
0.89712596 |
details, prediction |
Gas
GAS
|
0.89696413 |
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
|
Monero
XMR
|
0.09349801 |
details, prediction |
Stellar
XLM
|
0.23337051 |
details, prediction |
Ethereum
ETH
|
0.23784764 |
details, prediction |
ChainLink
LINK
|
0.24720113 |
details, prediction |
ZCash
ZEC
|
0.3245083 |
details, prediction |
|
Second tier
|
Dai
DAI
|
-0.785392 |
details, prediction |
USD//Coin
USDC
|
-0.21252222 |
details, prediction |
DigiByte
DGB
|
-0.14213827 |
details, prediction |
True USD
TUSD
|
-0.13379902 |
details, prediction |
Bitcoin SV
BSV
|
0.1687124 |
details, prediction |
|
Third tier
|
Propy
PRO
|
-0.33016407 |
details, prediction |
NKN
NKN
|
-0.25786018 |
details, prediction |
V Systems
VSYS
|
-0.23429863 |
details, prediction |
Matrix AI Network
MAN
|
0.021291828 |
details, prediction |
Phantasma
SOUL
|
0.06295814 |
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)