Highly correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
Monero
XMR
|
0.74309474 |
details, prediction |
Ethereum
ETH
|
0.6653888 |
details, prediction |
Binance Coin
BNB
|
0.6442008 |
details, prediction |
Ethereum Classic
ETC
|
0.57814556 |
details, prediction |
ZCash
ZEC
|
0.5647973 |
details, prediction |
|
Second tier
|
Zilliqa
ZIL
|
0.7726485 |
details, prediction |
Nexo
NEXO
|
0.71503884 |
details, prediction |
Status
SNT
|
0.6879271 |
details, prediction |
0x
ZRX
|
0.684977 |
details, prediction |
Chiliz
CHZ
|
0.6498169 |
details, prediction |
|
Third tier
|
0chain
ZCN
|
0.76598144 |
details, prediction |
Linker Coin
LNC
|
0.7454764 |
details, prediction |
QuarkChain
QKC
|
0.73948485 |
details, prediction |
Kambria
KAT
|
0.7389154 |
details, prediction |
Haven Protocol
XHV
|
0.7205349 |
details, prediction |
This report should be leaned to get most info about heading trends.
It means that LITEX 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 LITEX
Low correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
Fantom
FTM
|
-0.43045938 |
details, prediction |
SONM
SNM
|
-0.22061588 |
details, prediction |
Matic Network
MATIC
|
-0.16240662 |
details, prediction |
ChainLink
LINK
|
-0.023906352 |
details, prediction |
Maker
MKR
|
0.071838416 |
details, prediction |
|
Second tier
|
MonaCoin
MONA
|
-0.5363799 |
details, prediction |
True USD
TUSD
|
-0.49314272 |
details, prediction |
SwissBorg
CHSB
|
-0.43577793 |
details, prediction |
Aragon
ANT
|
-0.39778233 |
details, prediction |
USD//Coin
USDC
|
-0.386368 |
details, prediction |
|
Third tier
|
Chronobank
TIME
|
-0.6765756 |
details, prediction |
Particl
PART
|
-0.67042565 |
details, prediction |
Gemini Dollar
GUSD
|
-0.6348306 |
details, prediction |
OKCash
OK
|
-0.605553 |
details, prediction |
THEKEY
TKY
|
-0.60432786 |
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)