Highly correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
Crypto.com Chain
CRO
|
0.6601021 |
details, prediction |
Cardano
ADA
|
0.49182385 |
details, prediction |
Bitcoin Cash
BCH
|
0.39482108 |
details, prediction |
Stellar
XLM
|
0.08045824 |
details, prediction |
XRP
XRP
|
0.023608234 |
details, prediction |
|
Second tier
|
Bitcoin Gold
BTG
|
0.69543064 |
details, prediction |
Verge
XVG
|
0.63477254 |
details, prediction |
Ardor
ARDR
|
0.4761731 |
details, prediction |
IOTA
IOT
|
0.4751298 |
details, prediction |
Decred
DCR
|
0.44898427 |
details, prediction |
|
Third tier
|
FunFair
FUN
|
0.96388215 |
details, prediction |
Dent
DENT
|
0.7271601 |
details, prediction |
Dero
DERO
|
0.6446812 |
details, prediction |
BABB
BAX
|
0.60040903 |
details, prediction |
Propy
PRO
|
0.5829858 |
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
|
UNUS SED LEO
LEO
|
-0.8949763 |
details, prediction |
Bitcoin
BTC
|
-0.67745024 |
details, prediction |
Ethereum
ETH
|
-0.5659078 |
details, prediction |
ZCash
ZEC
|
-0.5170946 |
details, prediction |
Monero
XMR
|
-0.49125984 |
details, prediction |
|
Second tier
|
Theta
THETA
|
-0.56058705 |
details, prediction |
DASH
DASH
|
-0.5357762 |
details, prediction |
Algorand
ALGO
|
-0.49444684 |
details, prediction |
Bitcoin SV
BSV
|
-0.42058438 |
details, prediction |
Chiliz
CHZ
|
-0.41080746 |
details, prediction |
|
Third tier
|
Enjin Coin
ENJ
|
-0.85394347 |
details, prediction |
HEROcoin
PLAY
|
-0.79311234 |
details, prediction |
OPEN Platform
OPEN
|
-0.76313657 |
details, prediction |
Bancor
BNT
|
-0.51865953 |
details, prediction |
Loopring
LRC
|
-0.46041024 |
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)