Highly correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
Bitcoin Cash
BCH
|
0.95426464 |
details, prediction |
XRP
XRP
|
0.92938095 |
details, prediction |
KuCoin Shares
KCS
|
0.89632183 |
details, prediction |
Cardano
ADA
|
0.8930922 |
details, prediction |
Litecoin
LTC
|
0.8815745 |
details, prediction |
|
Second tier
|
Ravencoin
RVN
|
0.97604555 |
details, prediction |
Theta Fuel
TFUEL
|
0.9743109 |
details, prediction |
Vechain
VET
|
0.96522516 |
details, prediction |
Waves
WAVES
|
0.9633189 |
details, prediction |
Tezos
XTZ
|
0.9612306 |
details, prediction |
|
Third tier
|
SingularityNET
AGI
|
0.9840382 |
details, prediction |
Lisk
LSK
|
0.97010225 |
details, prediction |
Enjin Coin
ENJ
|
0.9679025 |
details, prediction |
Gas
GAS
|
0.964375 |
details, prediction |
Steem
STEEM
|
0.9641306 |
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
|
ZCash
ZEC
|
-0.46535423 |
details, prediction |
Stellar
XLM
|
-0.3506036 |
details, prediction |
TRON
TRX
|
-0.21684012 |
details, prediction |
Binance Coin
BNB
|
0.63228166 |
details, prediction |
Monero
XMR
|
0.6889901 |
details, prediction |
|
Second tier
|
Dai
DAI
|
-0.957207 |
details, prediction |
USD//Coin
USDC
|
-0.9566914 |
details, prediction |
True USD
TUSD
|
-0.50610197 |
details, prediction |
Telcoin
TEL
|
-0.079762414 |
details, prediction |
OriginTrail
TRAC
|
0.081050955 |
details, prediction |
|
Third tier
|
V Systems
VSYS
|
-0.62619233 |
details, prediction |
Matrix AI Network
MAN
|
-0.25378013 |
details, prediction |
Propy
PRO
|
-0.18211146 |
details, prediction |
Phantasma
SOUL
|
0.18792789 |
details, prediction |
Constellation
DAG
|
0.2380864 |
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)