Highly correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
Dogecoin
DOGE
|
0.9245482 |
details, prediction |
Ethereum Classic
ETC
|
0.9186176 |
details, prediction |
XRP
XRP
|
0.8768295 |
details, prediction |
Bitcoin Cash
BCH
|
0.77524185 |
details, prediction |
KuCoin Shares
KCS
|
0.76294965 |
details, prediction |
|
Second tier
|
Verge
XVG
|
0.9469831 |
details, prediction |
Theta Fuel
TFUEL
|
0.93811595 |
details, prediction |
NEO
NEO
|
0.9378191 |
details, prediction |
iEx.ec
RLC
|
0.9111095 |
details, prediction |
Tezos
XTZ
|
0.90306973 |
details, prediction |
|
Third tier
|
Kyber Network
KNC
|
0.9416929 |
details, prediction |
Internet of Services
IOST
|
0.9415996 |
details, prediction |
ARK
ARK
|
0.9348118 |
details, prediction |
Steem
STEEM
|
0.9311657 |
details, prediction |
Civic
CVC
|
0.9288532 |
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
|
Monero
XMR
|
0.14794165 |
details, prediction |
Ethereum
ETH
|
0.2556113 |
details, prediction |
ZCash
ZEC
|
0.31112936 |
details, prediction |
Stellar
XLM
|
0.3349399 |
details, prediction |
ChainLink
LINK
|
0.4156596 |
details, prediction |
|
Second tier
|
Dai
DAI
|
-0.7704702 |
details, prediction |
USD//Coin
USDC
|
-0.24883685 |
details, prediction |
True USD
TUSD
|
-0.15831271 |
details, prediction |
DigiByte
DGB
|
-0.15399998 |
details, prediction |
Bitcoin SV
BSV
|
0.097589396 |
details, prediction |
|
Third tier
|
Propy
PRO
|
-0.38717383 |
details, prediction |
NKN
NKN
|
-0.36834154 |
details, prediction |
V Systems
VSYS
|
-0.24501117 |
details, prediction |
Phantasma
SOUL
|
-0.107988305 |
details, prediction |
Matrix AI Network
MAN
|
-0.09858637 |
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)