Highly correlated currencies
Coin |
Correlation |
Links |
First tier
|
Waves
WAVES
|
0.74145454 |
details, prediction |
EOS
EOS
|
0.6976549 |
details, prediction |
XRP
XRP
|
0.66510946 |
details, prediction |
DASH
DASH
|
0.64879215 |
details, prediction |
TRON
TRX
|
0.61846334 |
details, prediction |
Second tier
|
Lisk
LSK
|
0.6706471 |
details, prediction |
Steem
STEEM
|
0.64477146 |
details, prediction |
Golem
GNT
|
0.6360024 |
details, prediction |
Ontology
ONT
|
0.62871647 |
details, prediction |
Bytom
BTM
|
0.6213551 |
details, prediction |
Third tier
|
OneRoot Network
RNT
|
0.8862965 |
details, prediction |
Wings DAO
WINGS
|
0.8748124 |
details, prediction |
Delphy
DPY
|
0.8662909 |
details, prediction |
AeonCoin
AEON
|
0.86348337 |
details, prediction |
Aeternity
AE
|
0.8602493 |
details, prediction |
This report should be leaned to get most info about heading trends.
It means that Libra Credit 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 Libra Credit
Low correlated currencies
Coin |
Correlation |
Links |
First tier
|
Ethereum
ETH
|
0.06982534 |
details, prediction |
Theta
THETA
|
0.113939576 |
details, prediction |
Bitcoin
BTC
|
0.13728166 |
details, prediction |
Maker
MKR
|
0.13886103 |
details, prediction |
Litecoin
LTC
|
0.19208229 |
details, prediction |
Second tier
|
EthLend
LEND
|
-0.56938356 |
details, prediction |
MaidSafe Coin
MAID
|
-0.113198 |
details, prediction |
HedgeTrade
HEDG
|
-0.018779766 |
details, prediction |
FunFair
FUN
|
0.02027937 |
details, prediction |
Synthetix Network Token
SNX
|
0.04022125 |
details, prediction |
Third tier
|
Upfiring
UFR
|
-0.68937117 |
details, prediction |
Nimiq
NET
|
-0.66785455 |
details, prediction |
VIBEHub
VIBE
|
-0.635655 |
details, prediction |
NameCoin
NMC
|
-0.6034054 |
details, prediction |
GET Protocol
GET
|
-0.5944067 |
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)