Highly correlated currencies
Coin |
Correlation |
Links |
First tier
|
ChainLink
LINK
|
0.98723716 |
details, prediction |
IOTA
IOT
|
0.9847641 |
details, prediction |
Decentraland
MANA
|
0.9802664 |
details, prediction |
Crypto.com Chain
CRO
|
0.97957236 |
details, prediction |
NEO
NEO
|
0.97935003 |
details, prediction |
Second tier
|
Fantom
FTM
|
0.99070424 |
details, prediction |
Enjin Coin
ENJ
|
0.98573595 |
details, prediction |
IoTeX
IOTX
|
0.9837391 |
details, prediction |
iEx.ec
RLC
|
0.9835138 |
details, prediction |
SysCoin
SYS
|
0.9821637 |
details, prediction |
Third tier
|
Beam
BEAM
|
0.9929596 |
details, prediction |
Stox
STX
|
0.9817937 |
details, prediction |
NKN
NKN
|
0.98083526 |
details, prediction |
Aion
AION
|
0.97870296 |
details, prediction |
Achain
ACT
|
0.97825104 |
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
|
TRON
TRX
|
-0.43003023 |
details, prediction |
Monero
XMR
|
0.7092125 |
details, prediction |
KuCoin Shares
KCS
|
0.8214747 |
details, prediction |
Huobi Token
HT
|
0.8389644 |
details, prediction |
UNUS SED LEO
LEO
|
0.85510296 |
details, prediction |
Second tier
|
USD//Coin
USDC
|
-0.66636777 |
details, prediction |
True USD
TUSD
|
-0.64637446 |
details, prediction |
Dai
DAI
|
-0.60643286 |
details, prediction |
Paxos Standard
PAX
|
-0.4620007 |
details, prediction |
EthLend
LEND
|
-0.34220704 |
details, prediction |
Third tier
|
Time New Bank
TNB
|
-0.9130901 |
details, prediction |
Gemini Dollar
GUSD
|
-0.6974806 |
details, prediction |
FeatherCoin
FTC
|
-0.6809061 |
details, prediction |
ILCoin
ILC
|
-0.66229403 |
details, prediction |
Envion
EVN
|
-0.63272524 |
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)