Highly correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
Stellar
XLM
|
0.7438096 |
details, prediction |
Ethereum
ETH
|
0.7346502 |
details, prediction |
Litecoin
LTC
|
0.7096097 |
details, prediction |
Monero
XMR
|
0.7088127 |
details, prediction |
Bitcoin
BTC
|
0.7066366 |
details, prediction |
|
Second tier
|
HoloToken
HOT
|
0.9355121 |
details, prediction |
aelf
ELF
|
0.867812 |
details, prediction |
0x
ZRX
|
0.80089426 |
details, prediction |
OriginTrail
TRAC
|
0.79953456 |
details, prediction |
Algorand
ALGO
|
0.7867124 |
details, prediction |
|
Third tier
|
Kleros
PNK
|
0.97096455 |
details, prediction |
Hydro Protocol
HOT
|
0.9288318 |
details, prediction |
Steem
STEEM
|
0.87217665 |
details, prediction |
V Systems
VSYS
|
0.840463 |
details, prediction |
SwftCoin
SWFTC
|
0.8123172 |
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
|
TRON
TRX
|
-0.24473377 |
details, prediction |
UNUS SED LEO
LEO
|
0.29581922 |
details, prediction |
Binance Coin
BNB
|
0.36477932 |
details, prediction |
Bitcoin Cash
BCH
|
0.37056822 |
details, prediction |
KuCoin Shares
KCS
|
0.534815 |
details, prediction |
|
Second tier
|
Dai
DAI
|
-0.27370095 |
details, prediction |
True USD
TUSD
|
0.019801345 |
details, prediction |
Decred
DCR
|
0.1932014 |
details, prediction |
Zilliqa
ZIL
|
0.26172662 |
details, prediction |
Request Network
REQ
|
0.47872773 |
details, prediction |
|
Third tier
|
HEROcoin
PLAY
|
-0.0035042122 |
details, prediction |
Ontology
ONT
|
0.031167625 |
details, prediction |
Constellation
DAG
|
0.07392544 |
details, prediction |
Dero
DERO
|
0.15545273 |
details, prediction |
NKN
NKN
|
0.23292992 |
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)