Highly correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
Bitcoin Cash
BCH
|
0.96251184 |
details, prediction |
Ethereum
ETH
|
0.9251522 |
details, prediction |
KuCoin Shares
KCS
|
0.8876857 |
details, prediction |
Litecoin
LTC
|
0.8565926 |
details, prediction |
Crypto.com Chain
CRO
|
0.7889254 |
details, prediction |
|
Second tier
|
Theta Fuel
TFUEL
|
0.9427481 |
details, prediction |
Vechain
VET
|
0.9347082 |
details, prediction |
aelf
ELF
|
0.9291704 |
details, prediction |
Ravencoin
RVN
|
0.9283371 |
details, prediction |
Bitcoin SV
BSV
|
0.9225902 |
details, prediction |
|
Third tier
|
SingularityNET
AGI
|
0.9748029 |
details, prediction |
SysCoin
SYS
|
0.9649547 |
details, prediction |
Lisk
LSK
|
0.9527509 |
details, prediction |
Phantasma
SOUL
|
0.95059043 |
details, prediction |
AdEx
ADX
|
0.9489948 |
details, prediction |
This report should be leaned to get most info about heading trends.
It means that LAToken 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 LAToken
Low correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
ZCash
ZEC
|
-0.8087098 |
details, prediction |
TRON
TRX
|
-0.70612836 |
details, prediction |
Stellar
XLM
|
-0.58074087 |
details, prediction |
Binance Coin
BNB
|
-0.3820781 |
details, prediction |
Monero
XMR
|
0.01569883 |
details, prediction |
|
Second tier
|
OriginTrail
TRAC
|
-0.86126614 |
details, prediction |
USD//Coin
USDC
|
-0.85879016 |
details, prediction |
Dai
DAI
|
-0.8322759 |
details, prediction |
Telcoin
TEL
|
-0.8247793 |
details, prediction |
DASH
DASH
|
-0.19098681 |
details, prediction |
|
Third tier
|
V Systems
VSYS
|
-0.8936266 |
details, prediction |
Dero
DERO
|
-0.76351076 |
details, prediction |
Constellation
DAG
|
-0.32849482 |
details, prediction |
Chronobank
TIME
|
-0.18878342 |
details, prediction |
Wanchain
WAN
|
-0.07965685 |
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)