Highly correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
Ethereum
ETH
|
0.61590064 |
details, prediction |
XRP
XRP
|
0.6132205 |
details, prediction |
Bitcoin
BTC
|
0.60557 |
details, prediction |
Litecoin
LTC
|
0.5898719 |
details, prediction |
ZCash
ZEC
|
0.58784574 |
details, prediction |
|
Second tier
|
DASH
DASH
|
0.6402748 |
details, prediction |
BitTorrent
BTT
|
0.63560754 |
details, prediction |
Telcoin
TEL
|
0.62846303 |
details, prediction |
IOTA
IOT
|
0.62802917 |
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
|
Matic Network
MATIC
|
-0.38380983 |
details, prediction |
SONM
SNM
|
-0.25403875 |
details, prediction |
Maker
MKR
|
-0.06321428 |
details, prediction |
Fantom
FTM
|
0.1617475 |
details, prediction |
ChainLink
LINK
|
0.18001018 |
details, prediction |
|
Second tier
|
FTX Token
FTT
|
-0.5965826 |
details, prediction |
Synthetix Network Token
SNX
|
-0.5914884 |
details, prediction |
Tezos
XTZ
|
-0.58120966 |
details, prediction |
Vechain
VET
|
-0.5008358 |
details, prediction |
Horizen
ZEN
|
-0.48438418 |
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)