Highly correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
Crypto.com Chain
CRO
|
0.7290586 |
details, prediction |
Cardano
ADA
|
0.47881755 |
details, prediction |
Bitcoin Cash
BCH
|
0.40181452 |
details, prediction |
Litecoin
LTC
|
0.23551376 |
details, prediction |
XRP
XRP
|
0.21501309 |
details, prediction |
|
Second tier
|
Verge
XVG
|
0.6433504 |
details, prediction |
Bitcoin Gold
BTG
|
0.62377226 |
details, prediction |
Decred
DCR
|
0.5391153 |
details, prediction |
Ardor
ARDR
|
0.4455428 |
details, prediction |
IOTA
IOT
|
0.44319203 |
details, prediction |
|
Third tier
|
FunFair
FUN
|
0.9634904 |
details, prediction |
Dent
DENT
|
0.7550736 |
details, prediction |
BABB
BAX
|
0.6785941 |
details, prediction |
Komodo
KMD
|
0.6137464 |
details, prediction |
Propy
PRO
|
0.60998607 |
details, prediction |
This report should be leaned to get most info about heading trends.
It means that Wanchain 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 Wanchain
Low correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
UNUS SED LEO
LEO
|
-0.998908 |
details, prediction |
ZCash
ZEC
|
-0.503597 |
details, prediction |
TRON
TRX
|
-0.40425897 |
details, prediction |
Bitcoin
BTC
|
-0.40094638 |
details, prediction |
Monero
XMR
|
-0.35084277 |
details, prediction |
|
Second tier
|
Theta
THETA
|
-0.53388685 |
details, prediction |
DASH
DASH
|
-0.45882252 |
details, prediction |
Algorand
ALGO
|
-0.40375835 |
details, prediction |
Cosmos
ATOM
|
-0.3208613 |
details, prediction |
True USD
TUSD
|
-0.27329862 |
details, prediction |
|
Third tier
|
HEROcoin
PLAY
|
-0.7720453 |
details, prediction |
Enjin Coin
ENJ
|
-0.76738185 |
details, prediction |
OPEN Platform
OPEN
|
-0.70035875 |
details, prediction |
Bancor
BNT
|
-0.418941 |
details, prediction |
Chronobank
TIME
|
-0.20431371 |
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)