Highly correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
KuCoin Shares
KCS
|
0.8776981 |
details, prediction |
Fantom
FTM
|
0.8600109 |
details, prediction |
Stellar
XLM
|
0.81883717 |
details, prediction |
ZCash
ZEC
|
0.8060612 |
details, prediction |
Dogecoin
DOGE
|
0.7725452 |
details, prediction |
|
Second tier
|
Decentraland
MANA
|
0.91609067 |
details, prediction |
Telcoin
TEL
|
0.89297813 |
details, prediction |
0x
ZRX
|
0.854382 |
details, prediction |
Basic Attention Token
BAT
|
0.85354793 |
details, prediction |
Nexo
NEXO
|
0.84810895 |
details, prediction |
|
Third tier
|
NAGA
NGC
|
0.9635718 |
details, prediction |
Haven Protocol
XHV
|
0.9568084 |
details, prediction |
Debitum Token
DEB
|
0.95040387 |
details, prediction |
NoahCoin
NOAH
|
0.94458824 |
details, prediction |
Elastos
ELA
|
0.9443335 |
details, prediction |
This report should be leaned to get most info about heading trends.
It means that LociCoin 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 LociCoin
Low correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
TRON
TRX
|
-0.8891307 |
details, prediction |
ChainLink
LINK
|
-0.7996749 |
details, prediction |
Binance Coin
BNB
|
-0.7163928 |
details, prediction |
Litecoin
LTC
|
-0.48807684 |
details, prediction |
Maker
MKR
|
-0.38705254 |
details, prediction |
|
Second tier
|
HoloToken
HOT
|
-0.7745472 |
details, prediction |
Quant Network
QNT
|
-0.5968554 |
details, prediction |
Ethos (Bitquence)
BQX
|
-0.5398444 |
details, prediction |
Loopring
LRC
|
-0.5164568 |
details, prediction |
Zilliqa
ZIL
|
-0.42086604 |
details, prediction |
|
Third tier
|
Blockport
BPT
|
-0.90629774 |
details, prediction |
GoldCoin
GLD
|
-0.8918189 |
details, prediction |
DAOstack
GEN
|
-0.8512289 |
details, prediction |
PotCoin
POT
|
-0.8257902 |
details, prediction |
Measurable Data Token
MDT
|
-0.812369 |
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)