Highly correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
Stellar
XLM
|
0.8201808 |
details, prediction |
Bitcoin Cash
BCH
|
0.8131074 |
details, prediction |
Litecoin
LTC
|
0.8095698 |
details, prediction |
Ethereum Classic
ETC
|
0.7561406 |
details, prediction |
KuCoin Shares
KCS
|
0.70937026 |
details, prediction |
|
Second tier
|
Synthetix Network Token
SNX
|
0.88070536 |
details, prediction |
Decentraland
MANA
|
0.8666878 |
details, prediction |
Algorand
ALGO
|
0.85423446 |
details, prediction |
Crypto.com Chain
CRO
|
0.8223802 |
details, prediction |
Zilliqa
ZIL
|
0.8212091 |
details, prediction |
|
Third tier
|
PIVX
PIVX
|
0.8935545 |
details, prediction |
Enjin Coin
ENJ
|
0.87295496 |
details, prediction |
Hydro Protocol
HOT
|
0.86574036 |
details, prediction |
ARK
ARK
|
0.83158565 |
details, prediction |
Electroneum
ETN
|
0.8225122 |
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
|
0.16120711 |
details, prediction |
Monero
XMR
|
0.41187266 |
details, prediction |
Ethereum
ETH
|
0.48518604 |
details, prediction |
Binance Coin
BNB
|
0.51175016 |
details, prediction |
XRP
XRP
|
0.53790605 |
details, prediction |
|
Second tier
|
Ravencoin
RVN
|
-0.32983518 |
details, prediction |
DigiByte
DGB
|
-0.06609471 |
details, prediction |
USD//Coin
USDC
|
0.08819361 |
details, prediction |
True USD
TUSD
|
0.11595177 |
details, prediction |
Request Network
REQ
|
0.40014476 |
details, prediction |
|
Third tier
|
HEROcoin
PLAY
|
-0.4682808 |
details, prediction |
OPEN Platform
OPEN
|
-0.42634797 |
details, prediction |
Propy
PRO
|
-0.2158078 |
details, prediction |
ICON
ICX
|
-0.21543442 |
details, prediction |
Storj
STORJ
|
-0.15924454 |
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)