Highly correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
Cardano
ADA
|
0.9558833 |
details, prediction |
Ethereum Classic
ETC
|
0.94881415 |
details, prediction |
Stellar
XLM
|
0.9315522 |
details, prediction |
Litecoin
LTC
|
0.9172288 |
details, prediction |
ZCash
ZEC
|
0.91491216 |
details, prediction |
|
Second tier
|
Synthetix Network Token
SNX
|
0.99438804 |
details, prediction |
Horizen
ZEN
|
0.99323815 |
details, prediction |
Telcoin
TEL
|
0.99320084 |
details, prediction |
QTUM
QTUM
|
0.982041 |
details, prediction |
Basic Attention Token
BAT
|
0.98027736 |
details, prediction |
|
Third tier
|
Bancor
BNT
|
0.99272364 |
details, prediction |
PIVX
PIVX
|
0.9892931 |
details, prediction |
Metal
MTL
|
0.9865836 |
details, prediction |
Civic
CVC
|
0.9859541 |
details, prediction |
SwftCoin
SWFTC
|
0.98187256 |
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
|
-0.39525878 |
details, prediction |
UNUS SED LEO
LEO
|
0.4670917 |
details, prediction |
Binance Coin
BNB
|
0.48437133 |
details, prediction |
Dogecoin
DOGE
|
0.5947279 |
details, prediction |
Bitcoin Cash
BCH
|
0.7632758 |
details, prediction |
|
Second tier
|
Dai
DAI
|
-0.4711853 |
details, prediction |
Decred
DCR
|
-0.071086854 |
details, prediction |
True USD
TUSD
|
0.05235081 |
details, prediction |
Zilliqa
ZIL
|
0.21736722 |
details, prediction |
Verge
XVG
|
0.30565518 |
details, prediction |
|
Third tier
|
Constellation
DAG
|
-0.30506933 |
details, prediction |
HEROcoin
PLAY
|
-0.28821355 |
details, prediction |
BABB
BAX
|
-0.007840576 |
details, prediction |
Dero
DERO
|
0.047367215 |
details, prediction |
Dent
DENT
|
0.4693412 |
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)