Highly correlated currencies
Coin |
Correlation |
Links |
First tier
|
Matic Network
MATIC
|
0.9685602 |
details, prediction |
Crypto.com Chain
CRO
|
0.96578544 |
details, prediction |
XRP
XRP
|
0.96531796 |
details, prediction |
Litecoin
LTC
|
0.9614165 |
details, prediction |
Bitcoin Cash
BCH
|
0.96063274 |
details, prediction |
Second tier
|
Bancor
BNT
|
0.96663857 |
details, prediction |
SysCoin
SYS
|
0.96109205 |
details, prediction |
Theta Fuel
TFUEL
|
0.96038336 |
details, prediction |
NEM
XEM
|
0.95978075 |
details, prediction |
Enjin Coin
ENJ
|
0.9522649 |
details, prediction |
Third tier
|
Gamecredits
GAME
|
0.9761288 |
details, prediction |
Kin
KIN
|
0.9683693 |
details, prediction |
AdEx
ADX
|
0.9647632 |
details, prediction |
Skrumble Network
SKM
|
0.96340054 |
details, prediction |
QLINK
QLC
|
0.96180254 |
details, prediction |
This report should be leaned to get most info about heading trends.
It means that LBRY Credits 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 LBRY Credits
Low correlated currencies
Coin |
Correlation |
Links |
First tier
|
TRON
TRX
|
-0.7707899 |
details, prediction |
Monero
XMR
|
0.5513384 |
details, prediction |
KuCoin Shares
KCS
|
0.70498127 |
details, prediction |
Huobi Token
HT
|
0.873387 |
details, prediction |
Ethereum Classic
ETC
|
0.87649435 |
details, prediction |
Second tier
|
USD//Coin
USDC
|
-0.8679945 |
details, prediction |
Dai
DAI
|
-0.8559511 |
details, prediction |
True USD
TUSD
|
-0.8131919 |
details, prediction |
Paxos Standard
PAX
|
-0.6207323 |
details, prediction |
EthLend
LEND
|
-0.3955322 |
details, prediction |
Third tier
|
Time New Bank
TNB
|
-0.94302076 |
details, prediction |
ILCoin
ILC
|
-0.8343357 |
details, prediction |
SunContract
SNC
|
-0.81260145 |
details, prediction |
Energi
NRG
|
-0.7651444 |
details, prediction |
Pluton
PLU
|
-0.5383461 |
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)