Highly correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
Stellar
XLM
|
0.887124 |
details, prediction |
ZCash
ZEC
|
0.8720157 |
details, prediction |
KuCoin Shares
KCS
|
0.85243493 |
details, prediction |
Monero
XMR
|
0.8479178 |
details, prediction |
Fantom
FTM
|
0.8347469 |
details, prediction |
|
Second tier
|
Bitcoin Gold
BTG
|
0.8913575 |
details, prediction |
Horizen
ZEN
|
0.86775017 |
details, prediction |
GXShares
GXS
|
0.86568457 |
details, prediction |
Decred
DCR
|
0.8656689 |
details, prediction |
MonaCoin
MONA
|
0.8639224 |
details, prediction |
|
Third tier
|
Tidex Token
TDX
|
0.9717604 |
details, prediction |
Circuits of Value
COVAL
|
0.89662904 |
details, prediction |
Colu Local Network
CLN
|
0.8925629 |
details, prediction |
ZelCash
ZEL
|
0.8909395 |
details, prediction |
E-Dinar Coin
EDR
|
0.8878626 |
details, prediction |
This report should be leaned to get most info about heading trends.
It means that Worldcore 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 Worldcore
Low correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
TRON
TRX
|
-0.14912322 |
details, prediction |
ChainLink
LINK
|
0.48397955 |
details, prediction |
Binance Coin
BNB
|
0.5951159 |
details, prediction |
Ethereum
ETH
|
0.68020356 |
details, prediction |
Maker
MKR
|
0.6808637 |
details, prediction |
|
Second tier
|
Waves
WAVES
|
-0.5883238 |
details, prediction |
Dai
DAI
|
0.015055703 |
details, prediction |
Paxos Standard
PAX
|
0.12529425 |
details, prediction |
HoloToken
HOT
|
0.23509856 |
details, prediction |
True USD
TUSD
|
0.24121141 |
details, prediction |
|
Third tier
|
Envion
EVN
|
-0.740428 |
details, prediction |
Unobtanium
UNO
|
-0.73014945 |
details, prediction |
Linkey
LKY
|
-0.63393354 |
details, prediction |
Dreamscape
DSC
|
-0.6079608 |
details, prediction |
Chainium
CHX
|
-0.50676143 |
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)