Highly correlated currencies
Coin |
Correlation |
Links |
First tier
|
Matic Network
MATIC
|
0.97386897 |
details, prediction |
XRP
XRP
|
0.9730781 |
details, prediction |
Litecoin
LTC
|
0.97189796 |
details, prediction |
Crypto.com Chain
CRO
|
0.9695672 |
details, prediction |
Tezos
XTZ
|
0.9676247 |
details, prediction |
Second tier
|
Power Ledger
POWR
|
0.97724545 |
details, prediction |
Nano
NANO
|
0.9744998 |
details, prediction |
Request Network
REQ
|
0.97155434 |
details, prediction |
ICON
ICX
|
0.97145486 |
details, prediction |
SysCoin
SYS
|
0.97023654 |
details, prediction |
Third tier
|
Genaro Network
GNX
|
0.97731096 |
details, prediction |
Wanchain
WAN
|
0.9764098 |
details, prediction |
Lambda
LAMB
|
0.97442317 |
details, prediction |
MediShares
MDS
|
0.97350234 |
details, prediction |
Skrumble Network
SKM
|
0.9731291 |
details, prediction |
This report should be leaned to get most info about heading trends.
It means that WaykiChain 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 WaykiChain
Low correlated currencies
Coin |
Correlation |
Links |
First tier
|
TRON
TRX
|
-0.2870968 |
details, prediction |
Monero
XMR
|
0.790774 |
details, prediction |
UNUS SED LEO
LEO
|
0.81477666 |
details, prediction |
KuCoin Shares
KCS
|
0.85607594 |
details, prediction |
Maker
MKR
|
0.9002172 |
details, prediction |
Second tier
|
True USD
TUSD
|
-0.6232729 |
details, prediction |
USD//Coin
USDC
|
-0.57645625 |
details, prediction |
Dai
DAI
|
-0.5255111 |
details, prediction |
EthLend
LEND
|
-0.4778539 |
details, prediction |
Paxos Standard
PAX
|
-0.42709813 |
details, prediction |
Third tier
|
Time New Bank
TNB
|
-0.8995876 |
details, prediction |
Gemini Dollar
GUSD
|
-0.7659529 |
details, prediction |
FeatherCoin
FTC
|
-0.6446803 |
details, prediction |
Seele
SEELE
|
-0.6309662 |
details, prediction |
ILCoin
ILC
|
-0.62012756 |
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)