Highly correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
KuCoin Shares
KCS
|
0.9678668 |
details, prediction |
ZCash
ZEC
|
0.9664222 |
details, prediction |
Monero
XMR
|
0.9590708 |
details, prediction |
SONM
SNM
|
0.9582086 |
details, prediction |
Bitcoin
BTC
|
0.9489017 |
details, prediction |
|
Second tier
|
Huobi Token
HT
|
0.97037315 |
details, prediction |
Horizen
ZEN
|
0.96888787 |
details, prediction |
Telcoin
TEL
|
0.9633322 |
details, prediction |
GXShares
GXS
|
0.961537 |
details, prediction |
Cortex
CTXC
|
0.9553296 |
details, prediction |
|
Third tier
|
Bibox Token
BIX
|
0.98425794 |
details, prediction |
GridCoin
GRC
|
0.9819063 |
details, prediction |
TTC Protocol
TTC
|
0.9785335 |
details, prediction |
Seele
SEELE
|
0.9784383 |
details, prediction |
High Performance Blockchain
HPB
|
0.97796637 |
details, prediction |
This report should be leaned to get most info about heading trends.
It means that LaLa World 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 LaLa World
Low correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
TRON
TRX
|
0.15872167 |
details, prediction |
ChainLink
LINK
|
0.42642108 |
details, prediction |
Ethereum
ETH
|
0.824843 |
details, prediction |
Maker
MKR
|
0.8303071 |
details, prediction |
Binance Coin
BNB
|
0.85456437 |
details, prediction |
|
Second tier
|
Waves
WAVES
|
-0.50479364 |
details, prediction |
XYO Network
XYO
|
-0.18119487 |
details, prediction |
Dai
DAI
|
-0.13565934 |
details, prediction |
Paxos Standard
PAX
|
-0.008830625 |
details, prediction |
True USD
TUSD
|
0.10429948 |
details, prediction |
|
Third tier
|
Envion
EVN
|
-0.7302943 |
details, prediction |
Dreamscape
DSC
|
-0.72013885 |
details, prediction |
Buggyra Coin Zero
BCZERO
|
-0.64620054 |
details, prediction |
Trade Token
TIO
|
-0.6262857 |
details, prediction |
Unobtanium
UNO
|
-0.6119545 |
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)