Highly correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
XRP
XRP
|
0.90624774 |
details, prediction |
Ethereum Classic
ETC
|
0.90359676 |
details, prediction |
Cardano
ADA
|
0.88653004 |
details, prediction |
KuCoin Shares
KCS
|
0.86639625 |
details, prediction |
Binance Coin
BNB
|
0.8514297 |
details, prediction |
|
Second tier
|
Decentraland
MANA
|
0.91799176 |
details, prediction |
Basic Attention Token
BAT
|
0.9158275 |
details, prediction |
Synthetix Network Token
SNX
|
0.9113451 |
details, prediction |
Status
SNT
|
0.90300983 |
details, prediction |
Vechain
VET
|
0.8954285 |
details, prediction |
|
Third tier
|
Civic
CVC
|
0.93363 |
details, prediction |
Internet of Services
IOST
|
0.90776503 |
details, prediction |
ARK
ARK
|
0.9076481 |
details, prediction |
SingularityNET
AGI
|
0.90409034 |
details, prediction |
Power Ledger
POWR
|
0.9013229 |
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
|
-0.5891506 |
details, prediction |
ZCash
ZEC
|
0.13456988 |
details, prediction |
UNUS SED LEO
LEO
|
0.1862686 |
details, prediction |
Ethereum
ETH
|
0.43530026 |
details, prediction |
Bitcoin
BTC
|
0.45571283 |
details, prediction |
|
Second tier
|
Nexo
NEXO
|
-0.25163582 |
details, prediction |
Decred
DCR
|
-0.078831755 |
details, prediction |
Algorand
ALGO
|
0.04202178 |
details, prediction |
Dai
DAI
|
0.19243288 |
details, prediction |
Bitcoin SV
BSV
|
0.21146569 |
details, prediction |
|
Third tier
|
Ontology
ONT
|
-0.5095924 |
details, prediction |
OPEN Platform
OPEN
|
-0.281914 |
details, prediction |
V Systems
VSYS
|
-0.20394716 |
details, prediction |
Propy
PRO
|
-0.13079084 |
details, prediction |
NKN
NKN
|
-0.12681122 |
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)