Highly correlated currencies
Coin |
Correlation |
Links |
First tier
|
USD//Coin
USDC
|
0.76425755 |
details, prediction |
Stellar
XLM
|
0.5791459 |
details, prediction |
Dogecoin
DOGE
|
0.4017318 |
details, prediction |
SONM
SNM
|
0.38093933 |
details, prediction |
Fantom
FTM
|
0.2703473 |
details, prediction |
Second tier
|
BitTorrent
BTT
|
0.8300734 |
details, prediction |
True USD
TUSD
|
0.78167224 |
details, prediction |
Paxos Standard
PAX
|
0.7347544 |
details, prediction |
Dai
DAI
|
0.7332683 |
details, prediction |
Republic protocol
REN
|
0.730959 |
details, prediction |
Third tier
|
EximChain
EXC
|
0.87587065 |
details, prediction |
Wowbit
WWB
|
0.87555295 |
details, prediction |
WeAreSatoshi
WSX
|
0.86336625 |
details, prediction |
BOX Token
BOX
|
0.8568629 |
details, prediction |
DeepBrain Chain
DBC
|
0.84303534 |
details, prediction |
This report should be leaned to get most info about heading trends.
It means that Linfinity 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 Linfinity
Low correlated currencies
Coin |
Correlation |
Links |
First tier
|
EOS
EOS
|
-0.6796814 |
details, prediction |
Litecoin
LTC
|
-0.66799843 |
details, prediction |
Binance Coin
BNB
|
-0.61845815 |
details, prediction |
Theta
THETA
|
-0.5535979 |
details, prediction |
Maker
MKR
|
-0.54736274 |
details, prediction |
Second tier
|
Internet of Services
IOST
|
-0.61310524 |
details, prediction |
SysCoin
SYS
|
-0.57218105 |
details, prediction |
Quant Network
QNT
|
-0.5697396 |
details, prediction |
ARK
ARK
|
-0.5513448 |
details, prediction |
HoloToken
HOT
|
-0.51061726 |
details, prediction |
Third tier
|
Linkey
LKY
|
-0.9089686 |
details, prediction |
Bittwatt
BWT
|
-0.74287844 |
details, prediction |
Santiment
SAN
|
-0.73755693 |
details, prediction |
NKN
NKN
|
-0.68546546 |
details, prediction |
TokenClub
TCT
|
-0.6765615 |
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)