Highly correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
Bitcoin Cash
BCH
|
0.97883695 |
details, prediction |
Litecoin
LTC
|
0.96190757 |
details, prediction |
Cardano
ADA
|
0.9493591 |
details, prediction |
Crypto.com Chain
CRO
|
0.922158 |
details, prediction |
XRP
XRP
|
0.91691333 |
details, prediction |
|
Second tier
|
aelf
ELF
|
0.96051085 |
details, prediction |
Bitcoin Gold
BTG
|
0.96004397 |
details, prediction |
Vechain
VET
|
0.9584033 |
details, prediction |
Theta Fuel
TFUEL
|
0.95542777 |
details, prediction |
Tezos
XTZ
|
0.95314145 |
details, prediction |
|
Third tier
|
SingularityNET
AGI
|
0.9600088 |
details, prediction |
Lisk
LSK
|
0.95491654 |
details, prediction |
LAToken
LA
|
0.9548772 |
details, prediction |
Steem
STEEM
|
0.9547453 |
details, prediction |
ARK
ARK
|
0.9496418 |
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
|
UNUS SED LEO
LEO
|
-0.99834126 |
details, prediction |
Stellar
XLM
|
-0.69097847 |
details, prediction |
ZCash
ZEC
|
-0.3590377 |
details, prediction |
TRON
TRX
|
-0.23180895 |
details, prediction |
Binance Coin
BNB
|
0.24598087 |
details, prediction |
|
Second tier
|
OriginTrail
TRAC
|
-0.61287004 |
details, prediction |
USD//Coin
USDC
|
-0.54211545 |
details, prediction |
Dai
DAI
|
-0.54086846 |
details, prediction |
Telcoin
TEL
|
-0.3538721 |
details, prediction |
True USD
TUSD
|
-0.26971495 |
details, prediction |
|
Third tier
|
OPEN Platform
OPEN
|
-0.32517403 |
details, prediction |
V Systems
VSYS
|
-0.14054212 |
details, prediction |
FunFair
FUN
|
0.09971967 |
details, prediction |
HEROcoin
PLAY
|
0.10326593 |
details, prediction |
Enjin Coin
ENJ
|
0.21077722 |
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)