Highly correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
Fantom
FTM
|
0.9774411 |
details, prediction |
Ethereum Classic
ETC
|
0.9292137 |
details, prediction |
Dogecoin
DOGE
|
0.9040197 |
details, prediction |
Litecoin
LTC
|
0.903693 |
details, prediction |
Monero
XMR
|
0.8997674 |
details, prediction |
|
Second tier
|
Metadium
META
|
0.95628434 |
details, prediction |
DASH
DASH
|
0.9407009 |
details, prediction |
Nano
NANO
|
0.93470025 |
details, prediction |
IOTA
IOT
|
0.92714125 |
details, prediction |
Vechain
VET
|
0.9267902 |
details, prediction |
|
Third tier
|
Omni
OMNI
|
0.9683264 |
details, prediction |
Synereo
AMP
|
0.9673675 |
details, prediction |
BitCrystals
BCY
|
0.9656608 |
details, prediction |
Byteball
GBYTE
|
0.9575864 |
details, prediction |
DopeCoin
DOPE
|
0.95388085 |
details, prediction |
This report should be leaned to get most info about heading trends.
It means that LeadCoin 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 LeadCoin
Low correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
ChainLink
LINK
|
0.22466442 |
details, prediction |
Maker
MKR
|
0.32129827 |
details, prediction |
XRP
XRP
|
0.51043457 |
details, prediction |
TRON
TRX
|
0.7168337 |
details, prediction |
Stellar
XLM
|
0.74803746 |
details, prediction |
|
Second tier
|
Paxos Standard
PAX
|
-0.58155143 |
details, prediction |
True USD
TUSD
|
-0.41077152 |
details, prediction |
Dai
DAI
|
-0.39763218 |
details, prediction |
USD//Coin
USDC
|
-0.26299295 |
details, prediction |
Nexo
NEXO
|
-0.11616512 |
details, prediction |
|
Third tier
|
CWV Chain
CWV
|
-0.7799836 |
details, prediction |
Tycoon Global
TCT
|
-0.7749665 |
details, prediction |
Chainium
CHX
|
-0.7641706 |
details, prediction |
WorldCoin
WDC
|
-0.74797976 |
details, prediction |
Darico
DEC
|
-0.7332007 |
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)