Highly correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
Cardano
ADA
|
0.6906364 |
details, prediction |
XRP
XRP
|
0.59388775 |
details, prediction |
Bitcoin Cash
BCH
|
0.58749586 |
details, prediction |
Crypto.com Chain
CRO
|
0.5391362 |
details, prediction |
KuCoin Shares
KCS
|
0.41868952 |
details, prediction |
|
Second tier
|
Vechain
VET
|
0.84378225 |
details, prediction |
Decentraland
MANA
|
0.78734034 |
details, prediction |
Basic Attention Token
BAT
|
0.7596555 |
details, prediction |
Zilliqa
ZIL
|
0.75189453 |
details, prediction |
Tezos
XTZ
|
0.7398462 |
details, prediction |
|
Third tier
|
QuarkChain
QKC
|
0.92351234 |
details, prediction |
LAToken
LA
|
0.8938715 |
details, prediction |
Loopring
LRC
|
0.8652194 |
details, prediction |
ARK
ARK
|
0.86417425 |
details, prediction |
Power Ledger
POWR
|
0.81108457 |
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
|
UNUS SED LEO
LEO
|
-0.9752091 |
details, prediction |
TRON
TRX
|
-0.5362974 |
details, prediction |
ZCash
ZEC
|
-0.030320067 |
details, prediction |
Monero
XMR
|
0.059290454 |
details, prediction |
Bitcoin
BTC
|
0.09025178 |
details, prediction |
|
Second tier
|
Dai
DAI
|
-0.4456422 |
details, prediction |
USD//Coin
USDC
|
-0.43564063 |
details, prediction |
True USD
TUSD
|
-0.24242105 |
details, prediction |
Telcoin
TEL
|
-0.11324469 |
details, prediction |
OriginTrail
TRAC
|
-0.06528375 |
details, prediction |
|
Third tier
|
V Systems
VSYS
|
-0.4166828 |
details, prediction |
Ontology
ONT
|
-0.35712826 |
details, prediction |
NKN
NKN
|
-0.30998752 |
details, prediction |
FunFair
FUN
|
-0.22273128 |
details, prediction |
Constellation
DAG
|
-0.15104231 |
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)