Highly correlated currencies
Coin |
Correlation |
Links |
First tier
|
Litecoin
LTC
|
0.93858504 |
details, prediction |
Bitcoin Cash
BCH
|
0.9325898 |
details, prediction |
TRON
TRX
|
0.9317084 |
details, prediction |
Ethereum
ETH
|
0.92661 |
details, prediction |
Monero
XMR
|
0.91505325 |
details, prediction |
Second tier
|
Verge
XVG
|
0.9424761 |
details, prediction |
DASH
DASH
|
0.94151384 |
details, prediction |
Gnosis
GNO
|
0.94103944 |
details, prediction |
NEM
XEM
|
0.94033766 |
details, prediction |
FirstBlood
1ST
|
0.93453574 |
details, prediction |
Third tier
|
Stratis
STRAT
|
0.94483685 |
details, prediction |
Cofound.it
CFI
|
0.9448255 |
details, prediction |
UnbreakableCoin
UNB
|
0.9439685 |
details, prediction |
MyriadCoin
XMY
|
0.943019 |
details, prediction |
DopeCoin
DOPE
|
0.9427836 |
details, prediction |
This report should be leaned to get most info about heading trends.
It means that LanaCoin 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 LanaCoin
Low correlated currencies
Coin |
Correlation |
Links |
First tier
|
Vechain
VET
|
-0.052664846 |
details, prediction |
Ethereum Classic
ETC
|
0.39262295 |
details, prediction |
Binance Coin
BNB
|
0.5244199 |
details, prediction |
ChainLink
LINK
|
0.6180513 |
details, prediction |
Stellar
XLM
|
0.6919497 |
details, prediction |
Second tier
|
Dai
DAI
|
-0.030975055 |
details, prediction |
Ravencoin
RVN
|
0.3427189 |
details, prediction |
DigiByte
DGB
|
0.37093794 |
details, prediction |
Decentraland
MANA
|
0.5119211 |
details, prediction |
Basic Attention Token
BAT
|
0.5413645 |
details, prediction |
Third tier
|
Bitcedi
BXC
|
-0.7100544 |
details, prediction |
Docademic
MTC
|
-0.68282205 |
details, prediction |
Metaverse
ETP
|
-0.6086401 |
details, prediction |
ODEM
ODEM
|
-0.5240625 |
details, prediction |
Zilbercoin
ZBC
|
-0.48851982 |
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)