Highly correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
Bitcoin Cash
BCH
|
0.9532338 |
details, prediction |
Crypto.com Chain
CRO
|
0.8473824 |
details, prediction |
Cardano
ADA
|
0.83258116 |
details, prediction |
KuCoin Shares
KCS
|
0.8059071 |
details, prediction |
Ethereum Classic
ETC
|
0.72045404 |
details, prediction |
|
Second tier
|
Bitcoin Gold
BTG
|
0.9734689 |
details, prediction |
Siacoin
SC
|
0.9728444 |
details, prediction |
Theta Fuel
TFUEL
|
0.97038406 |
details, prediction |
Status
SNT
|
0.947509 |
details, prediction |
IOTA
IOT
|
0.92623746 |
details, prediction |
|
Third tier
|
IoTeX
IOTX
|
0.9840113 |
details, prediction |
Loopring
LRC
|
0.95433146 |
details, prediction |
Internet of Services
IOST
|
0.9522211 |
details, prediction |
SingularityNET
AGI
|
0.94928026 |
details, prediction |
Elastos
ELA
|
0.94618756 |
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
|
TRON
TRX
|
-0.7585375 |
details, prediction |
UNUS SED LEO
LEO
|
-0.40508515 |
details, prediction |
ZCash
ZEC
|
-0.23697466 |
details, prediction |
Ethereum
ETH
|
-0.09874279 |
details, prediction |
Bitcoin
BTC
|
-0.042643107 |
details, prediction |
|
Second tier
|
Nexo
NEXO
|
-0.6242206 |
details, prediction |
Bitcoin SV
BSV
|
-0.3008392 |
details, prediction |
Algorand
ALGO
|
-0.28829157 |
details, prediction |
HoloToken
HOT
|
-0.20202245 |
details, prediction |
Decred
DCR
|
-0.18542162 |
details, prediction |
|
Third tier
|
V Systems
VSYS
|
-0.5901839 |
details, prediction |
Ontology
ONT
|
-0.5703864 |
details, prediction |
OPEN Platform
OPEN
|
-0.45429796 |
details, prediction |
Enjin Coin
ENJ
|
-0.40955055 |
details, prediction |
Propy
PRO
|
-0.30652505 |
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)