Highly correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
Stellar
XLM
|
0.6484393 |
details, prediction |
Cardano
ADA
|
0.6305845 |
details, prediction |
Crypto.com Chain
CRO
|
0.625573 |
details, prediction |
Ethereum Classic
ETC
|
0.55345154 |
details, prediction |
Bitcoin Cash
BCH
|
0.5497036 |
details, prediction |
|
Second tier
|
EOS
EOS
|
0.70345527 |
details, prediction |
Telcoin
TEL
|
0.6728699 |
details, prediction |
Synthetix Network Token
SNX
|
0.668379 |
details, prediction |
OriginTrail
TRAC
|
0.6398437 |
details, prediction |
Bitcoin Gold
BTG
|
0.63122344 |
details, prediction |
|
Third tier
|
Kleros
PNK
|
0.97096455 |
details, prediction |
FunFair
FUN
|
0.9121641 |
details, prediction |
Streamr DATAcoin
DATA
|
0.6821076 |
details, prediction |
Dero
DERO
|
0.6684137 |
details, prediction |
Phantasma
SOUL
|
0.6577394 |
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
|
-0.4325313 |
details, prediction |
ZCash
ZEC
|
-0.2066301 |
details, prediction |
UNUS SED LEO
LEO
|
0.29581922 |
details, prediction |
Ethereum
ETH
|
0.30407116 |
details, prediction |
Bitcoin
BTC
|
0.3205422 |
details, prediction |
|
Second tier
|
Dai
DAI
|
-0.05781535 |
details, prediction |
Decred
DCR
|
0.056253687 |
details, prediction |
True USD
TUSD
|
0.14796284 |
details, prediction |
Algorand
ALGO
|
0.1630591 |
details, prediction |
Nexo
NEXO
|
0.26432398 |
details, prediction |
|
Third tier
|
Enjin Coin
ENJ
|
-0.5633032 |
details, prediction |
Ontology
ONT
|
-0.31820524 |
details, prediction |
HEROcoin
PLAY
|
-0.28534672 |
details, prediction |
OPEN Platform
OPEN
|
-0.20350587 |
details, prediction |
NKN
NKN
|
0.19850849 |
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)