Highly correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
Cardano
ADA
|
0.80805624 |
details, prediction |
Ethereum Classic
ETC
|
0.7966659 |
details, prediction |
Bitcoin Cash
BCH
|
0.79273266 |
details, prediction |
Stellar
XLM
|
0.7889668 |
details, prediction |
Litecoin
LTC
|
0.76431906 |
details, prediction |
|
Second tier
|
HoloToken
HOT
|
0.9732219 |
details, prediction |
aelf
ELF
|
0.96348715 |
details, prediction |
iEx.ec
RLC
|
0.9632568 |
details, prediction |
Siacoin
SC
|
0.9630244 |
details, prediction |
OriginTrail
TRAC
|
0.9626092 |
details, prediction |
|
Third tier
|
Hydro Protocol
HOT
|
0.97957695 |
details, prediction |
Storj
STORJ
|
0.9740544 |
details, prediction |
Internet of Services
IOST
|
0.9697896 |
details, prediction |
AdEx
ADX
|
0.9624435 |
details, prediction |
SwftCoin
SWFTC
|
0.9614241 |
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
|
Binance Coin
BNB
|
-0.28132963 |
details, prediction |
TRON
TRX
|
-0.27369395 |
details, prediction |
Dogecoin
DOGE
|
0.38728833 |
details, prediction |
XRP
XRP
|
0.41902736 |
details, prediction |
KuCoin Shares
KCS
|
0.61075795 |
details, prediction |
|
Second tier
|
Dai
DAI
|
-0.38396856 |
details, prediction |
True USD
TUSD
|
-0.29448107 |
details, prediction |
Ardor
ARDR
|
0.28130096 |
details, prediction |
Zilliqa
ZIL
|
0.28595448 |
details, prediction |
Verge
XVG
|
0.42134258 |
details, prediction |
|
Third tier
|
HEROcoin
PLAY
|
-0.7085692 |
details, prediction |
Constellation
DAG
|
-0.40985438 |
details, prediction |
Dero
DERO
|
0.001391092 |
details, prediction |
BOScoin
BOS
|
0.06901853 |
details, prediction |
Komodo
KMD
|
0.52065504 |
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)