Highly correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
Ethereum Classic
ETC
|
0.986956 |
details, prediction |
XRP
XRP
|
0.9602819 |
details, prediction |
Dogecoin
DOGE
|
0.9560272 |
details, prediction |
Bitcoin Cash
BCH
|
0.9204807 |
details, prediction |
KuCoin Shares
KCS
|
0.8910094 |
details, prediction |
|
Second tier
|
Status
SNT
|
0.9803874 |
details, prediction |
Ravencoin
RVN
|
0.9742591 |
details, prediction |
Zilliqa
ZIL
|
0.9731004 |
details, prediction |
Theta Fuel
TFUEL
|
0.9722601 |
details, prediction |
NEO
NEO
|
0.97222847 |
details, prediction |
|
Third tier
|
Gas
GAS
|
0.9800302 |
details, prediction |
Civic
CVC
|
0.9783347 |
details, prediction |
ICON
ICX
|
0.97696143 |
details, prediction |
Kyber Network
KNC
|
0.97612506 |
details, prediction |
Internet of Services
IOST
|
0.97549486 |
details, prediction |
This report should be leaned to get most info about heading trends.
It means that Waves 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 Waves
Low correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
Stellar
XLM
|
-0.21234415 |
details, prediction |
TRON
TRX
|
0.4061463 |
details, prediction |
Monero
XMR
|
0.4447677 |
details, prediction |
ZCash
ZEC
|
0.52605486 |
details, prediction |
Ethereum
ETH
|
0.6715538 |
details, prediction |
|
Second tier
|
Dai
DAI
|
-0.8231967 |
details, prediction |
USD//Coin
USDC
|
-0.6740058 |
details, prediction |
True USD
TUSD
|
-0.16633458 |
details, prediction |
DigiByte
DGB
|
-0.029970614 |
details, prediction |
Bitcoin SV
BSV
|
0.60937756 |
details, prediction |
|
Third tier
|
Achain
ACT
|
-0.3808382 |
details, prediction |
Propy
PRO
|
-0.17903055 |
details, prediction |
Phantasma
SOUL
|
0.02033928 |
details, prediction |
V Systems
VSYS
|
0.052845575 |
details, prediction |
Matrix AI Network
MAN
|
0.068933375 |
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)