Highly correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
Bitcoin Cash
BCH
|
0.97348034 |
details, prediction |
Cardano
ADA
|
0.965423 |
details, prediction |
XRP
XRP
|
0.9638309 |
details, prediction |
Litecoin
LTC
|
0.94610554 |
details, prediction |
Bitcoin
BTC
|
0.9389655 |
details, prediction |
|
Second tier
|
Ravencoin
RVN
|
0.9928101 |
details, prediction |
Theta Fuel
TFUEL
|
0.9922636 |
details, prediction |
Tezos
XTZ
|
0.98951936 |
details, prediction |
Vechain
VET
|
0.9867437 |
details, prediction |
Status
SNT
|
0.9824291 |
details, prediction |
|
Third tier
|
Gas
GAS
|
0.99087393 |
details, prediction |
ARK
ARK
|
0.98980546 |
details, prediction |
Steem
STEEM
|
0.98702544 |
details, prediction |
Civic
CVC
|
0.98669946 |
details, prediction |
Internet of Services
IOST
|
0.98059297 |
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
|
Stellar
XLM
|
-0.58422935 |
details, prediction |
ZCash
ZEC
|
-0.09333806 |
details, prediction |
TRON
TRX
|
-0.03523851 |
details, prediction |
Binance Coin
BNB
|
0.7231391 |
details, prediction |
Monero
XMR
|
0.79159343 |
details, prediction |
|
Second tier
|
USD//Coin
USDC
|
-0.9427263 |
details, prediction |
Dai
DAI
|
-0.8986624 |
details, prediction |
True USD
TUSD
|
-0.60804546 |
details, prediction |
Telcoin
TEL
|
0.08668876 |
details, prediction |
OriginTrail
TRAC
|
0.15191965 |
details, prediction |
|
Third tier
|
V Systems
VSYS
|
-0.17100534 |
details, prediction |
Matrix AI Network
MAN
|
-0.12528113 |
details, prediction |
Propy
PRO
|
-0.101607814 |
details, prediction |
Phantasma
SOUL
|
0.1709381 |
details, prediction |
Komodo
KMD
|
0.2808986 |
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)