Highly correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
Ethereum Classic
ETC
|
0.62936074 |
details, prediction |
Cardano
ADA
|
0.621824 |
details, prediction |
Litecoin
LTC
|
0.37567434 |
details, prediction |
Bitcoin Cash
BCH
|
0.37206578 |
details, prediction |
ChainLink
LINK
|
0.30908284 |
details, prediction |
|
Second tier
|
Decentraland
MANA
|
0.72319436 |
details, prediction |
Vechain
VET
|
0.67837894 |
details, prediction |
Theta Fuel
TFUEL
|
0.61370754 |
details, prediction |
IOTA
IOT
|
0.5529774 |
details, prediction |
QTUM
QTUM
|
0.5206691 |
details, prediction |
|
Third tier
|
Internet of Services
IOST
|
0.6299834 |
details, prediction |
IoTeX
IOTX
|
0.5608943 |
details, prediction |
Komodo
KMD
|
0.5295772 |
details, prediction |
Kambria
KAT
|
0.5184027 |
details, prediction |
Lisk
LSK
|
0.49744225 |
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
|
Crypto.com Chain
CRO
|
-0.34847128 |
details, prediction |
KuCoin Shares
KCS
|
-0.21182804 |
details, prediction |
Dogecoin
DOGE
|
-0.18866484 |
details, prediction |
TRON
TRX
|
-0.17921057 |
details, prediction |
Monero
XMR
|
0.11961062 |
details, prediction |
|
Second tier
|
USD//Coin
USDC
|
-0.3339422 |
details, prediction |
Dai
DAI
|
-0.18427728 |
details, prediction |
Ardor
ARDR
|
-0.16664581 |
details, prediction |
DASH
DASH
|
-0.13346994 |
details, prediction |
Decred
DCR
|
-0.060022935 |
details, prediction |
|
Third tier
|
SwftCoin
SWFTC
|
-0.5514063 |
details, prediction |
NKN
NKN
|
-0.50909364 |
details, prediction |
OPEN Platform
OPEN
|
-0.34467658 |
details, prediction |
Matrix AI Network
MAN
|
-0.3417849 |
details, prediction |
Chronobank
TIME
|
-0.18878342 |
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)