Highly correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
Stellar
XLM
|
0.68864876 |
details, prediction |
Ethereum Classic
ETC
|
0.20391878 |
details, prediction |
KuCoin Shares
KCS
|
0.15344743 |
details, prediction |
Dogecoin
DOGE
|
0.104233846 |
details, prediction |
Bitcoin Cash
BCH
|
-0.29498163 |
details, prediction |
|
Second tier
|
Basic Attention Token
BAT
|
0.9084448 |
details, prediction |
Telcoin
TEL
|
0.868457 |
details, prediction |
Zilliqa
ZIL
|
0.85159606 |
details, prediction |
Ravencoin
RVN
|
0.8443755 |
details, prediction |
Chiliz
CHZ
|
0.7675167 |
details, prediction |
|
Third tier
|
Storj
STORJ
|
0.91157705 |
details, prediction |
Enjin Coin
ENJ
|
0.8544292 |
details, prediction |
SwftCoin
SWFTC
|
0.8476687 |
details, prediction |
ICON
ICX
|
0.8401977 |
details, prediction |
PIVX
PIVX
|
0.8376659 |
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
|
Monero
XMR
|
-0.7355874 |
details, prediction |
Ethereum
ETH
|
-0.7164644 |
details, prediction |
ChainLink
LINK
|
-0.69544315 |
details, prediction |
Cardano
ADA
|
-0.682398 |
details, prediction |
Binance Coin
BNB
|
-0.59788233 |
details, prediction |
|
Second tier
|
DigiByte
DGB
|
-0.86674935 |
details, prediction |
Bitcoin SV
BSV
|
-0.7146235 |
details, prediction |
Decred
DCR
|
-0.6308791 |
details, prediction |
HoloToken
HOT
|
-0.4491588 |
details, prediction |
Vechain
VET
|
-0.35875082 |
details, prediction |
|
Third tier
|
V Systems
VSYS
|
-0.73152494 |
details, prediction |
Achain
ACT
|
-0.46473756 |
details, prediction |
Bancor
BNT
|
-0.4600546 |
details, prediction |
Dent
DENT
|
-0.45903286 |
details, prediction |
Dero
DERO
|
-0.45058653 |
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)