Highly correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
Dogecoin
DOGE
|
0.79734427 |
details, prediction |
Bitcoin
BTC
|
0.7970898 |
details, prediction |
Binance Coin
BNB
|
0.7930858 |
details, prediction |
XRP
XRP
|
0.790824 |
details, prediction |
ZCash
ZEC
|
0.7682967 |
details, prediction |
|
Second tier
|
Verge
XVG
|
0.84598875 |
details, prediction |
QTUM
QTUM
|
0.81939805 |
details, prediction |
Horizen
ZEN
|
0.8150756 |
details, prediction |
0x
ZRX
|
0.81400585 |
details, prediction |
DASH
DASH
|
0.8098034 |
details, prediction |
|
Third tier
|
Stox
STX
|
0.8336118 |
details, prediction |
Ontology
ONT
|
0.8019588 |
details, prediction |
Gas
GAS
|
0.79570895 |
details, prediction |
Bancor
BNT
|
0.7778591 |
details, prediction |
IoTeX
IOTX
|
0.7690298 |
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
|
0.17670064 |
details, prediction |
Stellar
XLM
|
0.5214348 |
details, prediction |
KuCoin Shares
KCS
|
0.58615315 |
details, prediction |
Bitcoin Cash
BCH
|
0.63696074 |
details, prediction |
Cardano
ADA
|
0.6417076 |
details, prediction |
|
Second tier
|
Ravencoin
RVN
|
-0.56118894 |
details, prediction |
USD//Coin
USDC
|
-0.39669278 |
details, prediction |
True USD
TUSD
|
-0.33462673 |
details, prediction |
aelf
ELF
|
-0.196561 |
details, prediction |
Telcoin
TEL
|
0.04813636 |
details, prediction |
|
Third tier
|
OPEN Platform
OPEN
|
-0.7652482 |
details, prediction |
NKN
NKN
|
-0.7317423 |
details, prediction |
ICON
ICX
|
-0.6687437 |
details, prediction |
Matrix AI Network
MAN
|
-0.646686 |
details, prediction |
Storj
STORJ
|
-0.45560887 |
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)