Highly correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
Ethereum Classic
ETC
|
0.938314 |
details, prediction |
Cardano
ADA
|
0.9294233 |
details, prediction |
Litecoin
LTC
|
0.9127895 |
details, prediction |
Crypto.com Chain
CRO
|
0.90766996 |
details, prediction |
ZCash
ZEC
|
0.9045619 |
details, prediction |
|
Second tier
|
Horizen
ZEN
|
0.9857771 |
details, prediction |
Decentraland
MANA
|
0.9830179 |
details, prediction |
aelf
ELF
|
0.97751033 |
details, prediction |
Basic Attention Token
BAT
|
0.975936 |
details, prediction |
0x
ZRX
|
0.9685695 |
details, prediction |
|
Third tier
|
Civic
CVC
|
0.9855472 |
details, prediction |
Lisk
LSK
|
0.98050296 |
details, prediction |
PIVX
PIVX
|
0.97977895 |
details, prediction |
Power Ledger
POWR
|
0.97725666 |
details, prediction |
Storj
STORJ
|
0.9753432 |
details, prediction |
This report should be leaned to get most info about heading trends.
It means that SwftCoin 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 SwftCoin
Low correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
TRON
TRX
|
-0.6300034 |
details, prediction |
UNUS SED LEO
LEO
|
0.045358147 |
details, prediction |
Binance Coin
BNB
|
0.5296212 |
details, prediction |
Dogecoin
DOGE
|
0.693598 |
details, prediction |
XRP
XRP
|
0.7789711 |
details, prediction |
|
Second tier
|
Dai
DAI
|
-0.43723786 |
details, prediction |
Decred
DCR
|
-0.2974438 |
details, prediction |
True USD
TUSD
|
0.11756567 |
details, prediction |
Verge
XVG
|
0.48067334 |
details, prediction |
Nexo
NEXO
|
0.57155466 |
details, prediction |
|
Third tier
|
Ontology
ONT
|
-0.16371344 |
details, prediction |
Dent
DENT
|
-0.109056406 |
details, prediction |
HEROcoin
PLAY
|
0.088016294 |
details, prediction |
NKN
NKN
|
0.29135385 |
details, prediction |
Propy
PRO
|
0.2941118 |
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)