Highly correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
Crypto.com Chain
CRO
|
0.53972507 |
details, prediction |
Cardano
ADA
|
0.48484004 |
details, prediction |
Bitcoin Cash
BCH
|
0.4179762 |
details, prediction |
Stellar
XLM
|
0.08375636 |
details, prediction |
Binance Coin
BNB
|
0.046421636 |
details, prediction |
|
Second tier
|
Verge
XVG
|
0.6297456 |
details, prediction |
Telcoin
TEL
|
0.62912476 |
details, prediction |
Dai
DAI
|
0.5543905 |
details, prediction |
Bitcoin Gold
BTG
|
0.52219886 |
details, prediction |
Ardor
ARDR
|
0.4637576 |
details, prediction |
|
Third tier
|
FunFair
FUN
|
0.9639801 |
details, prediction |
Dent
DENT
|
0.7625089 |
details, prediction |
Dero
DERO
|
0.68726593 |
details, prediction |
Constellation
DAG
|
0.59414136 |
details, prediction |
BABB
BAX
|
0.5880843 |
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
|
Ethereum
ETH
|
-0.7001759 |
details, prediction |
Bitcoin
BTC
|
-0.67639816 |
details, prediction |
KuCoin Shares
KCS
|
-0.5441608 |
details, prediction |
ZCash
ZEC
|
-0.5422952 |
details, prediction |
TRON
TRX
|
-0.46701118 |
details, prediction |
|
Second tier
|
Theta
THETA
|
-0.5626934 |
details, prediction |
Bitcoin SV
BSV
|
-0.55394983 |
details, prediction |
Chiliz
CHZ
|
-0.5213434 |
details, prediction |
DASH
DASH
|
-0.4996497 |
details, prediction |
Algorand
ALGO
|
-0.4915216 |
details, prediction |
|
Third tier
|
Enjin Coin
ENJ
|
-0.8740197 |
details, prediction |
HEROcoin
PLAY
|
-0.80402493 |
details, prediction |
OPEN Platform
OPEN
|
-0.80118984 |
details, prediction |
Metal
MTL
|
-0.59808874 |
details, prediction |
Loopring
LRC
|
-0.53432643 |
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)