Highly correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
ZCash
ZEC
|
0.7291104 |
details, prediction |
Monero
XMR
|
0.62414116 |
details, prediction |
Binance Coin
BNB
|
0.61191946 |
details, prediction |
Litecoin
LTC
|
0.59635764 |
details, prediction |
Ethereum
ETH
|
0.5734483 |
details, prediction |
|
Second tier
|
0x
ZRX
|
0.7162445 |
details, prediction |
Siacoin
SC
|
0.7054616 |
details, prediction |
Vechain
VET
|
0.6904004 |
details, prediction |
Theta
THETA
|
0.68071043 |
details, prediction |
QTUM
QTUM
|
0.6759786 |
details, prediction |
|
Third tier
|
Civic
CVC
|
0.8633128 |
details, prediction |
Steem
STEEM
|
0.84166163 |
details, prediction |
Power Ledger
POWR
|
0.82860464 |
details, prediction |
Kyber Network
KNC
|
0.79557276 |
details, prediction |
Metal
MTL
|
0.7697939 |
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
|
0.02601831 |
details, prediction |
KuCoin Shares
KCS
|
0.11315027 |
details, prediction |
Stellar
XLM
|
0.31952298 |
details, prediction |
Bitcoin Cash
BCH
|
0.36039168 |
details, prediction |
Dogecoin
DOGE
|
0.48107114 |
details, prediction |
|
Second tier
|
Ravencoin
RVN
|
-0.7163921 |
details, prediction |
USD//Coin
USDC
|
-0.52396315 |
details, prediction |
True USD
TUSD
|
-0.505604 |
details, prediction |
Telcoin
TEL
|
-0.23189616 |
details, prediction |
aelf
ELF
|
-0.2095305 |
details, prediction |
|
Third tier
|
HEROcoin
PLAY
|
-0.66618544 |
details, prediction |
ICON
ICX
|
-0.57217836 |
details, prediction |
Matrix AI Network
MAN
|
-0.5259821 |
details, prediction |
Propy
PRO
|
-0.48356268 |
details, prediction |
OPEN Platform
OPEN
|
-0.46482253 |
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)