Highly correlated currencies
Coin |
Correlation |
Links |
First tier
|
IOTA
IOT
|
0.62802917 |
details, prediction |
Ethereum
ETH
|
0.61590064 |
details, prediction |
XRP
XRP
|
0.6132205 |
details, prediction |
Bitcoin
BTC
|
0.60557 |
details, prediction |
Litecoin
LTC
|
0.5898719 |
details, prediction |
Second tier
|
DASH
DASH
|
0.6402748 |
details, prediction |
BitTorrent
BTT
|
0.63560754 |
details, prediction |
Loopring
LRC
|
0.62846756 |
details, prediction |
Telcoin
TEL
|
0.62846303 |
details, prediction |
Aragon
ANT
|
0.62757087 |
details, prediction |
Third tier
|
Xriba
XRA
|
0.7775382 |
details, prediction |
DubaiCoin
DBIX
|
0.74514186 |
details, prediction |
DT Token
DRACO
|
0.7204652 |
details, prediction |
SyncFab
MFG
|
0.7147828 |
details, prediction |
Experience Points
XP
|
0.69864994 |
details, prediction |
This report should be leaned to get most info about heading trends.
It means that Linda 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 Linda
Low correlated currencies
Coin |
Correlation |
Links |
First tier
|
Tezos
XTZ
|
-0.58120966 |
details, prediction |
Vechain
VET
|
-0.5008358 |
details, prediction |
Cosmos
ATOM
|
-0.4513367 |
details, prediction |
Matic Network
MATIC
|
-0.38380983 |
details, prediction |
SONM
SNM
|
-0.25403875 |
details, prediction |
Second tier
|
FTX Token
FTT
|
-0.5965826 |
details, prediction |
Synthetix Network Token
SNX
|
-0.5914884 |
details, prediction |
Horizen
ZEN
|
-0.48438418 |
details, prediction |
Digix DAO
DGD
|
-0.47018588 |
details, prediction |
Enjin Coin
ENJ
|
-0.44399714 |
details, prediction |
Third tier
|
Blockport
BPT
|
-0.62494665 |
details, prediction |
Seele
SEELE
|
-0.61540484 |
details, prediction |
BABB
BAX
|
-0.6095921 |
details, prediction |
LAToken
LA
|
-0.545698 |
details, prediction |
BaaSid
BAAS
|
-0.543681 |
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)