Highly correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
Bitcoin Cash
BCH
|
0.9488149 |
details, prediction |
KuCoin Shares
KCS
|
0.9135169 |
details, prediction |
Cardano
ADA
|
0.85578346 |
details, prediction |
Ethereum Classic
ETC
|
0.84298694 |
details, prediction |
ZCash
ZEC
|
0.8371909 |
details, prediction |
|
Second tier
|
Request Network
REQ
|
0.98960507 |
details, prediction |
Bitcoin Gold
BTG
|
0.98629385 |
details, prediction |
Status
SNT
|
0.9851613 |
details, prediction |
Siacoin
SC
|
0.982076 |
details, prediction |
Theta Fuel
TFUEL
|
0.9770746 |
details, prediction |
|
Third tier
|
IoTeX
IOTX
|
0.987874 |
details, prediction |
ICON
ICX
|
0.9693823 |
details, prediction |
Internet of Services
IOST
|
0.96783984 |
details, prediction |
Loopring
LRC
|
0.96648073 |
details, prediction |
SysCoin
SYS
|
0.9545245 |
details, prediction |
This report should be leaned to get most info about heading trends.
It means that Waves 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 Waves
Low correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
TRON
TRX
|
-0.62887704 |
details, prediction |
UNUS SED LEO
LEO
|
0.00772503 |
details, prediction |
Binance Coin
BNB
|
0.5830896 |
details, prediction |
Ethereum
ETH
|
0.6266862 |
details, prediction |
Stellar
XLM
|
0.62684417 |
details, prediction |
|
Second tier
|
Decred
DCR
|
-0.48018616 |
details, prediction |
Dai
DAI
|
-0.24836549 |
details, prediction |
True USD
TUSD
|
0.25147384 |
details, prediction |
Nexo
NEXO
|
0.30728057 |
details, prediction |
Verge
XVG
|
0.4802445 |
details, prediction |
|
Third tier
|
Dent
DENT
|
-0.39261436 |
details, prediction |
Ontology
ONT
|
-0.23046872 |
details, prediction |
Propy
PRO
|
2.0453041E-4 |
details, prediction |
FunFair
FUN
|
0.17657363 |
details, prediction |
OPEN Platform
OPEN
|
0.2611765 |
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)