Highly correlated currencies
Coin |
Correlation |
Links |
First tier
|
ChainLink
LINK
|
0.9528449 |
details, prediction |
Republic protocol
REN
|
0.9377789 |
details, prediction |
Cardano
ADA
|
0.92175984 |
details, prediction |
Algorand
ALGO
|
0.9179893 |
details, prediction |
Ethereum
ETH
|
0.91539615 |
details, prediction |
Second tier
|
Enjin Coin
ENJ
|
0.9766864 |
details, prediction |
Decentraland
MANA
|
0.946858 |
details, prediction |
Horizen
ZEN
|
0.9435556 |
details, prediction |
TomoChain
TOMO
|
0.93666923 |
details, prediction |
Quant Network
QNT
|
0.9339844 |
details, prediction |
Third tier
|
Bluzelle
BLZ
|
0.95790637 |
details, prediction |
Quantum Resistant Ledger
QRL
|
0.94434917 |
details, prediction |
Yggdrash
YEED
|
0.93925893 |
details, prediction |
Dock.io
DOCK
|
0.93231004 |
details, prediction |
ArcBlock
ABT
|
0.93199533 |
details, prediction |
This report should be leaned to get most info about heading trends.
It means that WhiteCoin 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 WhiteCoin
Low correlated currencies
Coin |
Correlation |
Links |
First tier
|
XRP
XRP
|
0.086329386 |
details, prediction |
Bitcoin SV
BSV
|
0.5702754 |
details, prediction |
Crypto.com Chain
CRO
|
0.6209686 |
details, prediction |
UNUS SED LEO
LEO
|
0.661214 |
details, prediction |
Decred
DCR
|
0.6643311 |
details, prediction |
Second tier
|
DxChain
DX
|
-0.59101343 |
details, prediction |
GlitzKoin
GTN
|
-0.5692466 |
details, prediction |
Dai
DAI
|
-0.19337402 |
details, prediction |
True USD
TUSD
|
-0.051102825 |
details, prediction |
USD//Coin
USDC
|
-0.021283643 |
details, prediction |
Third tier
|
Bitbook Gambling
BXK
|
-0.7975939 |
details, prediction |
B2B
B2B
|
-0.7342398 |
details, prediction |
Enigma
ENG
|
-0.68007946 |
details, prediction |
Change
CAG
|
-0.6631112 |
details, prediction |
Waves Community Token
WCT
|
-0.65528363 |
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)