Highly correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
Dogecoin
DOGE
|
0.77790135 |
details, prediction |
XRP
XRP
|
0.73678786 |
details, prediction |
Binance Coin
BNB
|
0.71586835 |
details, prediction |
Bitcoin
BTC
|
0.71522325 |
details, prediction |
ZCash
ZEC
|
0.6927218 |
details, prediction |
|
Second tier
|
Verge
XVG
|
0.8515704 |
details, prediction |
Nexo
NEXO
|
0.7896751 |
details, prediction |
Theta
THETA
|
0.7787005 |
details, prediction |
QTUM
QTUM
|
0.77598584 |
details, prediction |
DASH
DASH
|
0.77331376 |
details, prediction |
|
Third tier
|
Stox
STX
|
0.79207766 |
details, prediction |
Gas
GAS
|
0.77085006 |
details, prediction |
Ontology
ONT
|
0.7620006 |
details, prediction |
IoTeX
IOTX
|
0.7426083 |
details, prediction |
SingularityNET
AGI
|
0.72719413 |
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
|
0.13788012 |
details, prediction |
Stellar
XLM
|
0.4153119 |
details, prediction |
Cardano
ADA
|
0.51205 |
details, prediction |
Bitcoin Cash
BCH
|
0.5297998 |
details, prediction |
KuCoin Shares
KCS
|
0.5382884 |
details, prediction |
|
Second tier
|
Ravencoin
RVN
|
-0.41328654 |
details, prediction |
Dai
DAI
|
-0.34483063 |
details, prediction |
USD//Coin
USDC
|
-0.33609957 |
details, prediction |
aelf
ELF
|
-0.2963354 |
details, prediction |
True USD
TUSD
|
-0.27117547 |
details, prediction |
|
Third tier
|
NKN
NKN
|
-0.70856243 |
details, prediction |
Matrix AI Network
MAN
|
-0.5833804 |
details, prediction |
ICON
ICX
|
-0.5225815 |
details, prediction |
OPEN Platform
OPEN
|
-0.50484467 |
details, prediction |
Storj
STORJ
|
-0.31921566 |
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)