Highly correlated currencies
Coin |
Correlation |
Links |
First tier
|
IOTA
IOT
|
0.9590076 |
details, prediction |
TRON
TRX
|
0.95515496 |
details, prediction |
Ethereum Classic
ETC
|
0.95222986 |
details, prediction |
DigiByte
DGB
|
0.94977695 |
details, prediction |
Cosmos
ATOM
|
0.94673204 |
details, prediction |
Second tier
|
Electroneum
ETN
|
0.9697041 |
details, prediction |
Lisk
LSK
|
0.96791726 |
details, prediction |
Civic
CVC
|
0.9656903 |
details, prediction |
SingularityNET
AGI
|
0.96022546 |
details, prediction |
Wanchain
WAN
|
0.9582884 |
details, prediction |
Third tier
|
MyriadCoin
XMY
|
0.971151 |
details, prediction |
Synereo
AMP
|
0.9678951 |
details, prediction |
U network
UUU
|
0.96499026 |
details, prediction |
Metaverse
ETP
|
0.9589504 |
details, prediction |
CREDITS
CS
|
0.95688504 |
details, prediction |
This report should be leaned to get most info about heading trends.
It means that Walton 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 Walton
Low correlated currencies
Coin |
Correlation |
Links |
First tier
|
XRP
XRP
|
0.39450577 |
details, prediction |
Bitcoin SV
BSV
|
0.65845853 |
details, prediction |
UNUS SED LEO
LEO
|
0.6770958 |
details, prediction |
Decred
DCR
|
0.70442426 |
details, prediction |
Ethereum
ETH
|
0.71667737 |
details, prediction |
Second tier
|
GlitzKoin
GTN
|
-0.44252893 |
details, prediction |
DxChain
DX
|
-0.1977875 |
details, prediction |
Dai
DAI
|
-0.049667884 |
details, prediction |
True USD
TUSD
|
0.025714682 |
details, prediction |
USD//Coin
USDC
|
0.042958986 |
details, prediction |
Third tier
|
CryptoPay
CPAY
|
-0.72990805 |
details, prediction |
VIBEHub
VIBE
|
-0.70914567 |
details, prediction |
Kleros
PNK
|
-0.6609506 |
details, prediction |
Radium
RADS
|
-0.57148325 |
details, prediction |
Dragon Coin
DRG
|
-0.55116326 |
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)