Highly correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
Crypto.com Chain
CRO
|
0.8035551 |
details, prediction |
Bitcoin Cash
BCH
|
0.6802478 |
details, prediction |
Cardano
ADA
|
0.67610687 |
details, prediction |
Litecoin
LTC
|
0.627984 |
details, prediction |
KuCoin Shares
KCS
|
0.6279178 |
details, prediction |
|
Second tier
|
Verge
XVG
|
0.71981823 |
details, prediction |
Bitcoin Gold
BTG
|
0.71490926 |
details, prediction |
Waves
WAVES
|
0.66616154 |
details, prediction |
IOTA
IOT
|
0.6485568 |
details, prediction |
Decred
DCR
|
0.6451318 |
details, prediction |
|
Third tier
|
FunFair
FUN
|
0.9706445 |
details, prediction |
Dent
DENT
|
0.7838109 |
details, prediction |
Phantasma
SOUL
|
0.72755593 |
details, prediction |
BABB
BAX
|
0.7222706 |
details, prediction |
Steem
STEEM
|
0.6887198 |
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
|
Stellar
XLM
|
-0.40243065 |
details, prediction |
ZCash
ZEC
|
-0.3088633 |
details, prediction |
TRON
TRX
|
0.12735368 |
details, prediction |
Monero
XMR
|
0.17765181 |
details, prediction |
Binance Coin
BNB
|
0.3194611 |
details, prediction |
|
Second tier
|
Telcoin
TEL
|
-0.16378857 |
details, prediction |
OriginTrail
TRAC
|
-0.10780664 |
details, prediction |
DASH
DASH
|
-0.038091585 |
details, prediction |
USD//Coin
USDC
|
-0.019585801 |
details, prediction |
True USD
TUSD
|
-8.697033E-4 |
details, prediction |
|
Third tier
|
Chronobank
TIME
|
-0.5667752 |
details, prediction |
OPEN Platform
OPEN
|
-0.31288847 |
details, prediction |
Enjin Coin
ENJ
|
-0.25026172 |
details, prediction |
HEROcoin
PLAY
|
0.012397386 |
details, prediction |
V Systems
VSYS
|
0.17823106 |
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)