Highly correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
Bitcoin Cash
BCH
|
0.98630536 |
details, prediction |
Ethereum
ETH
|
0.9714211 |
details, prediction |
Litecoin
LTC
|
0.95036113 |
details, prediction |
XRP
XRP
|
0.9194587 |
details, prediction |
Cardano
ADA
|
0.91729814 |
details, prediction |
|
Second tier
|
Vechain
VET
|
0.9769683 |
details, prediction |
Theta Fuel
TFUEL
|
0.9735226 |
details, prediction |
Ravencoin
RVN
|
0.9694304 |
details, prediction |
Waves
WAVES
|
0.96474963 |
details, prediction |
Tezos
XTZ
|
0.96455824 |
details, prediction |
|
Third tier
|
SingularityNET
AGI
|
0.98694 |
details, prediction |
Lisk
LSK
|
0.97071505 |
details, prediction |
Gas
GAS
|
0.970445 |
details, prediction |
SysCoin
SYS
|
0.96602595 |
details, prediction |
Ontology
ONT
|
0.96489435 |
details, prediction |
This report should be leaned to get most info about heading trends.
It means that LAToken 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 LAToken
Low correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
Stellar
XLM
|
-0.5450919 |
details, prediction |
ZCash
ZEC
|
-0.41237125 |
details, prediction |
TRON
TRX
|
-0.14769226 |
details, prediction |
Binance Coin
BNB
|
0.45324636 |
details, prediction |
Monero
XMR
|
0.61707765 |
details, prediction |
|
Second tier
|
USD//Coin
USDC
|
-0.949708 |
details, prediction |
Dai
DAI
|
-0.90816003 |
details, prediction |
Telcoin
TEL
|
-0.5572439 |
details, prediction |
True USD
TUSD
|
-0.53864545 |
details, prediction |
OriginTrail
TRAC
|
-0.27712053 |
details, prediction |
|
Third tier
|
V Systems
VSYS
|
-0.5710583 |
details, prediction |
Chronobank
TIME
|
-0.18878342 |
details, prediction |
Matrix AI Network
MAN
|
0.010463544 |
details, prediction |
Propy
PRO
|
0.17942922 |
details, prediction |
FunFair
FUN
|
0.34538504 |
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)