Highly correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
Cardano
ADA
|
0.6507212 |
details, prediction |
Bitcoin Cash
BCH
|
0.5949628 |
details, prediction |
Crypto.com Chain
CRO
|
0.5797244 |
details, prediction |
Ethereum Classic
ETC
|
0.54740995 |
details, prediction |
Litecoin
LTC
|
0.4901504 |
details, prediction |
|
Second tier
|
EOS
EOS
|
0.70345527 |
details, prediction |
Telcoin
TEL
|
0.69167054 |
details, prediction |
Bitcoin Gold
BTG
|
0.66369414 |
details, prediction |
OriginTrail
TRAC
|
0.6624815 |
details, prediction |
IOTA
IOT
|
0.6452852 |
details, prediction |
|
Third tier
|
Kleros
PNK
|
0.97096455 |
details, prediction |
FunFair
FUN
|
0.9363868 |
details, prediction |
Dero
DERO
|
0.76167214 |
details, prediction |
Dent
DENT
|
0.70303696 |
details, prediction |
Streamr DATAcoin
DATA
|
0.6821076 |
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
|
TRON
TRX
|
-0.5064971 |
details, prediction |
ZCash
ZEC
|
-0.28267846 |
details, prediction |
Bitcoin
BTC
|
0.14724468 |
details, prediction |
Ethereum
ETH
|
0.18620726 |
details, prediction |
UNUS SED LEO
LEO
|
0.29581922 |
details, prediction |
|
Second tier
|
Dai
DAI
|
0.06358656 |
details, prediction |
True USD
TUSD
|
0.078808494 |
details, prediction |
Algorand
ALGO
|
0.10676142 |
details, prediction |
Nexo
NEXO
|
0.12759146 |
details, prediction |
Decred
DCR
|
0.14674139 |
details, prediction |
|
Third tier
|
Enjin Coin
ENJ
|
-0.71101654 |
details, prediction |
OPEN Platform
OPEN
|
-0.6722047 |
details, prediction |
HEROcoin
PLAY
|
-0.5030343 |
details, prediction |
Ontology
ONT
|
-0.39654076 |
details, prediction |
Kambria
KAT
|
-0.06232311 |
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)