Highly correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
Dogecoin
DOGE
|
0.86129284 |
details, prediction |
Ethereum Classic
ETC
|
0.8267295 |
details, prediction |
Bitcoin Cash
BCH
|
0.72095 |
details, prediction |
Stellar
XLM
|
0.6686179 |
details, prediction |
XRP
XRP
|
0.65944797 |
details, prediction |
|
Second tier
|
Theta Fuel
TFUEL
|
0.9291284 |
details, prediction |
Verge
XVG
|
0.8853368 |
details, prediction |
Siacoin
SC
|
0.85202825 |
details, prediction |
0x
ZRX
|
0.83396304 |
details, prediction |
IOTA
IOT
|
0.8313582 |
details, prediction |
|
Third tier
|
Steem
STEEM
|
0.93101054 |
details, prediction |
Gas
GAS
|
0.9135345 |
details, prediction |
SingularityNET
AGI
|
0.8943075 |
details, prediction |
ARK
ARK
|
0.8709017 |
details, prediction |
Dero
DERO
|
0.8583282 |
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
|
Monero
XMR
|
0.18035899 |
details, prediction |
Ethereum
ETH
|
0.24211821 |
details, prediction |
TRON
TRX
|
0.25830105 |
details, prediction |
ChainLink
LINK
|
0.2772574 |
details, prediction |
ZCash
ZEC
|
0.36045244 |
details, prediction |
|
Second tier
|
Dai
DAI
|
-0.88215905 |
details, prediction |
DigiByte
DGB
|
-0.14422952 |
details, prediction |
USD//Coin
USDC
|
-0.123051375 |
details, prediction |
True USD
TUSD
|
-0.02482479 |
details, prediction |
Decred
DCR
|
0.17443645 |
details, prediction |
|
Third tier
|
NKN
NKN
|
-0.5384619 |
details, prediction |
Propy
PRO
|
-0.32837334 |
details, prediction |
Matrix AI Network
MAN
|
-0.22341916 |
details, prediction |
V Systems
VSYS
|
-0.212135 |
details, prediction |
OPEN Platform
OPEN
|
-0.015169477 |
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)