Highly correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
UNUS SED LEO
LEO
|
0.8551725 |
details, prediction |
Ethereum
ETH
|
0.66862595 |
details, prediction |
Ethereum Classic
ETC
|
0.6476103 |
details, prediction |
Fantom
FTM
|
0.64264846 |
details, prediction |
Crypto.com Chain
CRO
|
0.5837255 |
details, prediction |
|
Second tier
|
Telcoin
TEL
|
0.7280044 |
details, prediction |
EOS
EOS
|
0.72725135 |
details, prediction |
Waves
WAVES
|
0.65055627 |
details, prediction |
Zilliqa
ZIL
|
0.6448537 |
details, prediction |
FTX Token
FTT
|
0.63885105 |
details, prediction |
|
Third tier
|
DxChain
DX
|
0.8926544 |
details, prediction |
Bibox Token
BIX
|
0.8724155 |
details, prediction |
Linker Coin
LNC
|
0.8460408 |
details, prediction |
Project Pai
PAI
|
0.8423533 |
details, prediction |
LockChain
LOC
|
0.83952355 |
details, prediction |
This report should be leaned to get most info about heading trends.
It means that Lina 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 Lina
Low correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
XRP
XRP
|
-0.816856 |
details, prediction |
KuCoin Shares
KCS
|
-0.716166 |
details, prediction |
Stellar
XLM
|
-0.36719778 |
details, prediction |
SONM
SNM
|
-0.23299593 |
details, prediction |
ChainLink
LINK
|
-0.22808288 |
details, prediction |
|
Second tier
|
Algorand
ALGO
|
-0.56244713 |
details, prediction |
Cosmos
ATOM
|
-0.47210068 |
details, prediction |
Polymath Network
POLY
|
-0.4152522 |
details, prediction |
Chiliz
CHZ
|
-0.3045452 |
details, prediction |
EthLend
LEND
|
-0.27347508 |
details, prediction |
|
Third tier
|
HEROcoin
PLAY
|
-0.84774107 |
details, prediction |
CPChain
CPC
|
-0.84311485 |
details, prediction |
Mobius
MOBI
|
-0.8223382 |
details, prediction |
OAX
OAX
|
-0.7899431 |
details, prediction |
Neblio
NEBL
|
-0.78463167 |
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)