Highly correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
Bitcoin Cash
BCH
|
0.95846677 |
details, prediction |
KuCoin Shares
KCS
|
0.9298164 |
details, prediction |
Crypto.com Chain
CRO
|
0.8343353 |
details, prediction |
Ethereum
ETH
|
0.76726913 |
details, prediction |
Stellar
XLM
|
0.61663765 |
details, prediction |
|
Second tier
|
aelf
ELF
|
0.93084496 |
details, prediction |
Waves
WAVES
|
0.91371447 |
details, prediction |
Vechain
VET
|
0.8620406 |
details, prediction |
Theta Fuel
TFUEL
|
0.83765113 |
details, prediction |
Bitcoin SV
BSV
|
0.8374596 |
details, prediction |
|
Third tier
|
SingularityNET
AGI
|
0.9499529 |
details, prediction |
SysCoin
SYS
|
0.92437404 |
details, prediction |
Lisk
LSK
|
0.8938715 |
details, prediction |
BABB
BAX
|
0.868131 |
details, prediction |
Phantasma
SOUL
|
0.86045325 |
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
|
TRON
TRX
|
-0.9421957 |
details, prediction |
ZCash
ZEC
|
-0.92852163 |
details, prediction |
Ethereum Classic
ETC
|
-0.72948503 |
details, prediction |
ChainLink
LINK
|
-0.49121487 |
details, prediction |
Monero
XMR
|
-0.46775526 |
details, prediction |
|
Second tier
|
Telcoin
TEL
|
-0.92484224 |
details, prediction |
OriginTrail
TRAC
|
-0.9084807 |
details, prediction |
FTX Token
FTT
|
-0.8944695 |
details, prediction |
USD//Coin
USDC
|
-0.59181124 |
details, prediction |
DASH
DASH
|
-0.5561308 |
details, prediction |
|
Third tier
|
Constellation
DAG
|
-0.9263836 |
details, prediction |
Storj
STORJ
|
-0.86705416 |
details, prediction |
V Systems
VSYS
|
-0.8602406 |
details, prediction |
Stox
STX
|
-0.67379737 |
details, prediction |
Dero
DERO
|
-0.65529656 |
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)