Correlation between cryptocurrency prices increased in 2019

One of the issues not talked about enough in crypto is the inability to truly diversify cryptocurrencies simply because cross-asset correlations are high. 

If permissionless finance wants to progress, there is a dire need for on-chain crypto-collateralized derivative markets with sufficient liquidity. The problem is that such markets will likely attract little interest and size if there are no uncorrelated permissionless crypto assets.