Highly correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
Bitcoin Cash
BCH
|
0.8775018 |
details, prediction |
Crypto.com Chain
CRO
|
0.67576694 |
details, prediction |
Cardano
ADA
|
0.62658715 |
details, prediction |
KuCoin Shares
KCS
|
0.30058017 |
details, prediction |
XRP
XRP
|
0.27258882 |
details, prediction |
|
Second tier
|
Theta Fuel
TFUEL
|
0.94421506 |
details, prediction |
Siacoin
SC
|
0.9401814 |
details, prediction |
Zilliqa
ZIL
|
0.86504924 |
details, prediction |
aelf
ELF
|
0.83909184 |
details, prediction |
Ardor
ARDR
|
0.83619374 |
details, prediction |
|
Third tier
|
IoTeX
IOTX
|
0.9521937 |
details, prediction |
Loopring
LRC
|
0.9208322 |
details, prediction |
LAToken
LA
|
0.8480402 |
details, prediction |
Internet of Services
IOST
|
0.84620315 |
details, prediction |
PIVX
PIVX
|
0.846031 |
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
|
-0.8974854 |
details, prediction |
TRON
TRX
|
-0.73817515 |
details, prediction |
Bitcoin
BTC
|
-0.51432735 |
details, prediction |
Monero
XMR
|
-0.5025021 |
details, prediction |
ZCash
ZEC
|
-0.47439614 |
details, prediction |
|
Second tier
|
OriginTrail
TRAC
|
-0.6688056 |
details, prediction |
Telcoin
TEL
|
-0.5237283 |
details, prediction |
Algorand
ALGO
|
-0.45702043 |
details, prediction |
DASH
DASH
|
-0.28685293 |
details, prediction |
Bitcoin SV
BSV
|
-0.22723807 |
details, prediction |
|
Third tier
|
V Systems
VSYS
|
-0.80986154 |
details, prediction |
HEROcoin
PLAY
|
-0.44542414 |
details, prediction |
Constellation
DAG
|
-0.33565184 |
details, prediction |
Enjin Coin
ENJ
|
-0.2998857 |
details, prediction |
Ontology
ONT
|
-0.2598133 |
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)