Highly correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
Stellar
XLM
|
0.6379067 |
details, prediction |
Ethereum Classic
ETC
|
0.5848919 |
details, prediction |
Dogecoin
DOGE
|
0.5168991 |
details, prediction |
KuCoin Shares
KCS
|
0.5087767 |
details, prediction |
Litecoin
LTC
|
0.3669815 |
details, prediction |
|
Second tier
|
Status
SNT
|
0.70533544 |
details, prediction |
NEO
NEO
|
0.6659419 |
details, prediction |
Basic Attention Token
BAT
|
0.64768887 |
details, prediction |
FTX Token
FTT
|
0.6414973 |
details, prediction |
Zilliqa
ZIL
|
0.6308488 |
details, prediction |
|
Third tier
|
Elastos
ELA
|
0.6282331 |
details, prediction |
Kyber Network
KNC
|
0.6265608 |
details, prediction |
PIVX
PIVX
|
0.61881113 |
details, prediction |
Metal
MTL
|
0.584557 |
details, prediction |
IoTeX
IOTX
|
0.58177 |
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
|
Cardano
ADA
|
0.043031782 |
details, prediction |
TRON
TRX
|
0.047507666 |
details, prediction |
Ethereum
ETH
|
0.1573532 |
details, prediction |
Monero
XMR
|
0.16787508 |
details, prediction |
ChainLink
LINK
|
0.17869534 |
details, prediction |
|
Second tier
|
DigiByte
DGB
|
-0.26676783 |
details, prediction |
Dai
DAI
|
-0.102962896 |
details, prediction |
Bitcoin Gold
BTG
|
-0.075101525 |
details, prediction |
Ravencoin
RVN
|
0.010293655 |
details, prediction |
Decred
DCR
|
0.06201681 |
details, prediction |
|
Third tier
|
NKN
NKN
|
-0.62617815 |
details, prediction |
Constellation
DAG
|
-0.35207915 |
details, prediction |
V Systems
VSYS
|
-0.22841248 |
details, prediction |
OPEN Platform
OPEN
|
-0.14038324 |
details, prediction |
HEROcoin
PLAY
|
-0.10452198 |
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)