Highly correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
Dogecoin
DOGE
|
0.9057085 |
details, prediction |
Ethereum Classic
ETC
|
0.8823719 |
details, prediction |
Bitcoin
BTC
|
0.85398865 |
details, prediction |
Cardano
ADA
|
0.8425364 |
details, prediction |
ChainLink
LINK
|
0.8357202 |
details, prediction |
|
Second tier
|
Algorand
ALGO
|
0.86151475 |
details, prediction |
Synthetix Network Token
SNX
|
0.8580791 |
details, prediction |
Horizen
ZEN
|
0.8506273 |
details, prediction |
NEO
NEO
|
0.83826005 |
details, prediction |
iEx.ec
RLC
|
0.83502525 |
details, prediction |
|
Third tier
|
Stox
STX
|
0.8832367 |
details, prediction |
Kyber Network
KNC
|
0.85815835 |
details, prediction |
Bancor
BNT
|
0.8580506 |
details, prediction |
Elastos
ELA
|
0.837946 |
details, prediction |
Storj
STORJ
|
0.83260214 |
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
|
Stellar
XLM
|
-0.4902509 |
details, prediction |
ZCash
ZEC
|
0.3011533 |
details, prediction |
TRON
TRX
|
0.32486668 |
details, prediction |
Ethereum
ETH
|
0.70569164 |
details, prediction |
KuCoin Shares
KCS
|
0.7362453 |
details, prediction |
|
Second tier
|
USD//Coin
USDC
|
-0.71792406 |
details, prediction |
Dai
DAI
|
-0.55273366 |
details, prediction |
True USD
TUSD
|
-0.46112725 |
details, prediction |
Telcoin
TEL
|
0.27776477 |
details, prediction |
OriginTrail
TRAC
|
0.4317932 |
details, prediction |
|
Third tier
|
Chronobank
TIME
|
-0.55448973 |
details, prediction |
Komodo
KMD
|
-0.3390747 |
details, prediction |
Propy
PRO
|
-0.055082925 |
details, prediction |
Matrix AI Network
MAN
|
-0.041447457 |
details, prediction |
Phantasma
SOUL
|
0.20638412 |
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)