Highly correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
Cardano
ADA
|
0.7326089 |
details, prediction |
Ethereum Classic
ETC
|
0.657632 |
details, prediction |
XRP
XRP
|
0.6264401 |
details, prediction |
Crypto.com Chain
CRO
|
0.51234543 |
details, prediction |
Dogecoin
DOGE
|
0.474859 |
details, prediction |
|
Second tier
|
Decentraland
MANA
|
0.8172067 |
details, prediction |
Vechain
VET
|
0.8052591 |
details, prediction |
Basic Attention Token
BAT
|
0.7823495 |
details, prediction |
aelf
ELF
|
0.77847683 |
details, prediction |
Zilliqa
ZIL
|
0.77602357 |
details, prediction |
|
Third tier
|
QuarkChain
QKC
|
0.93557787 |
details, prediction |
Loopring
LRC
|
0.8701524 |
details, prediction |
Power Ledger
POWR
|
0.8556533 |
details, prediction |
ARK
ARK
|
0.8457707 |
details, prediction |
Civic
CVC
|
0.83663726 |
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
|
-0.4017195 |
details, prediction |
Stellar
XLM
|
-0.06054926 |
details, prediction |
Ethereum
ETH
|
0.028178105 |
details, prediction |
Bitcoin
BTC
|
0.2596279 |
details, prediction |
Monero
XMR
|
0.312941 |
details, prediction |
|
Second tier
|
Dai
DAI
|
-0.45174572 |
details, prediction |
USD//Coin
USDC
|
-0.45000812 |
details, prediction |
True USD
TUSD
|
-0.24672967 |
details, prediction |
Decred
DCR
|
0.011904449 |
details, prediction |
Algorand
ALGO
|
0.14109722 |
details, prediction |
|
Third tier
|
Ontology
ONT
|
-0.5347045 |
details, prediction |
NKN
NKN
|
-0.47789553 |
details, prediction |
V Systems
VSYS
|
-0.31014773 |
details, prediction |
Phantasma
SOUL
|
-0.2651293 |
details, prediction |
FunFair
FUN
|
-0.20838244 |
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)