Highly correlated currencies
Coin |
Correlation |
Links |
First tier
|
Bitcoin SV
BSV
|
0.5263637 |
details, prediction |
KuCoin Shares
KCS
|
0.29964274 |
details, prediction |
XRP
XRP
|
0.25270832 |
details, prediction |
EOS
EOS
|
0.19654018 |
details, prediction |
Bitcoin Cash
BCH
|
0.15782157 |
details, prediction |
Second tier
|
DASH
DASH
|
0.43393484 |
details, prediction |
BORA
BORA
|
0.39585042 |
details, prediction |
HedgeTrade
HEDG
|
0.35124707 |
details, prediction |
Bitcoin Gold
BTG
|
0.22861437 |
details, prediction |
Telcoin
TEL
|
0.064104065 |
details, prediction |
Third tier
|
GAPS
GAP
|
0.8701914 |
details, prediction |
Moneytoken
IMT
|
0.8169233 |
details, prediction |
MOAC
MOAC
|
0.7777583 |
details, prediction |
DubaiCoin
DBIX
|
0.6572019 |
details, prediction |
Kambria
KAT
|
0.647678 |
details, prediction |
This report should be leaned to get most info about heading trends.
It means that Wagerr 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 Wagerr
Low correlated currencies
Coin |
Correlation |
Links |
First tier
|
Maker
MKR
|
-0.8779387 |
details, prediction |
SONM
SNM
|
-0.85929275 |
details, prediction |
Ethereum
ETH
|
-0.83447737 |
details, prediction |
Crypto.com Chain
CRO
|
-0.8293593 |
details, prediction |
UNUS SED LEO
LEO
|
-0.8222237 |
details, prediction |
Second tier
|
IoTeX
IOTX
|
-0.9145958 |
details, prediction |
Theta Fuel
TFUEL
|
-0.91126263 |
details, prediction |
Polymath Network
POLY
|
-0.89239997 |
details, prediction |
aelf
ELF
|
-0.88961375 |
details, prediction |
Internet of Services
IOST
|
-0.87709206 |
details, prediction |
Third tier
|
SmartMesh
SMT
|
-0.93075347 |
details, prediction |
XinFin
XDCE
|
-0.912716 |
details, prediction |
Newton
NEW
|
-0.91252965 |
details, prediction |
NovaCoin
NVC
|
-0.8999195 |
details, prediction |
NAGA
NGC
|
-0.89526385 |
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)