Highly correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
Dogecoin
DOGE
|
0.7399331 |
details, prediction |
Ethereum Classic
ETC
|
0.72038037 |
details, prediction |
XRP
XRP
|
0.6748838 |
details, prediction |
ZCash
ZEC
|
0.6092246 |
details, prediction |
Binance Coin
BNB
|
0.60293525 |
details, prediction |
|
Second tier
|
Theta Fuel
TFUEL
|
0.9154345 |
details, prediction |
Siacoin
SC
|
0.81460816 |
details, prediction |
Verge
XVG
|
0.7964509 |
details, prediction |
0x
ZRX
|
0.7853968 |
details, prediction |
Theta
THETA
|
0.7727542 |
details, prediction |
|
Third tier
|
Stox
STX
|
0.8262332 |
details, prediction |
Steem
STEEM
|
0.8251419 |
details, prediction |
Gas
GAS
|
0.8209332 |
details, prediction |
Ontology
ONT
|
0.8126679 |
details, prediction |
SingularityNET
AGI
|
0.78861266 |
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
|
TRON
TRX
|
-0.034538016 |
details, prediction |
KuCoin Shares
KCS
|
0.31202632 |
details, prediction |
Cardano
ADA
|
0.33167613 |
details, prediction |
Stellar
XLM
|
0.3650138 |
details, prediction |
Ethereum
ETH
|
0.42457315 |
details, prediction |
|
Second tier
|
Dai
DAI
|
-0.699376 |
details, prediction |
USD//Coin
USDC
|
-0.30269608 |
details, prediction |
True USD
TUSD
|
-0.22694692 |
details, prediction |
aelf
ELF
|
-0.18461153 |
details, prediction |
Ravencoin
RVN
|
-0.09457895 |
details, prediction |
|
Third tier
|
NKN
NKN
|
-0.6649901 |
details, prediction |
Matrix AI Network
MAN
|
-0.4643188 |
details, prediction |
ICON
ICX
|
-0.29361442 |
details, prediction |
OPEN Platform
OPEN
|
-0.29289758 |
details, prediction |
Propy
PRO
|
-0.21361363 |
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)