Highly correlated currencies
Coin |
Correlation |
Links |
First tier
|
ZCash
ZEC
|
0.8621595 |
details, prediction |
Nexo
NEXO
|
0.85455287 |
details, prediction |
DASH
DASH
|
0.85088444 |
details, prediction |
Ethereum
ETH
|
0.8384369 |
details, prediction |
Vechain
VET
|
0.8376982 |
details, prediction |
Second tier
|
Chiliz
CHZ
|
0.9007009 |
details, prediction |
ICON
ICX
|
0.8962019 |
details, prediction |
Republic protocol
REN
|
0.8825853 |
details, prediction |
Civic
CVC
|
0.88243985 |
details, prediction |
Ardor
ARDR
|
0.8788529 |
details, prediction |
Third tier
|
Mainframe
MFT
|
0.893824 |
details, prediction |
Callisto Network
CLO
|
0.87742865 |
details, prediction |
Wanchain
WAN
|
0.8733865 |
details, prediction |
Lympo
LYM
|
0.85944605 |
details, prediction |
Haven Protocol
XHV
|
0.85086924 |
details, prediction |
This report should be leaned to get most info about heading trends.
It means that Lisk 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 Lisk
Low correlated currencies
Coin |
Correlation |
Links |
First tier
|
TRON
TRX
|
-0.2631259 |
details, prediction |
Fantom
FTM
|
0.4320043 |
details, prediction |
Decentraland
MANA
|
0.5285152 |
details, prediction |
Huobi Token
HT
|
0.61557156 |
details, prediction |
Monero
XMR
|
0.6357456 |
details, prediction |
Second tier
|
USD//Coin
USDC
|
-0.8370827 |
details, prediction |
True USD
TUSD
|
-0.79614335 |
details, prediction |
Dai
DAI
|
-0.7929491 |
details, prediction |
Paxos Standard
PAX
|
-0.59681934 |
details, prediction |
EthLend
LEND
|
-0.40400848 |
details, prediction |
Third tier
|
ILCoin
ILC
|
-0.6719131 |
details, prediction |
Crypviser
CVCOIN
|
-0.6311153 |
details, prediction |
FeatherCoin
FTC
|
-0.60856766 |
details, prediction |
Envion
EVN
|
-0.6006914 |
details, prediction |
SunContract
SNC
|
-0.5820601 |
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)