Highly correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
Ethereum Classic
ETC
|
0.7699691 |
details, prediction |
ChainLink
LINK
|
0.7151694 |
details, prediction |
Crypto.com Chain
CRO
|
0.71207154 |
details, prediction |
Cardano
ADA
|
0.68648994 |
details, prediction |
Dogecoin
DOGE
|
0.6369347 |
details, prediction |
|
Second tier
|
FTX Token
FTT
|
0.75580823 |
details, prediction |
Bitcoin Gold
BTG
|
0.6678365 |
details, prediction |
NEO
NEO
|
0.66467506 |
details, prediction |
Synthetix Network Token
SNX
|
0.6631918 |
details, prediction |
Horizen
ZEN
|
0.6506979 |
details, prediction |
|
Third tier
|
Stox
STX
|
0.8216916 |
details, prediction |
FunFair
FUN
|
0.7733537 |
details, prediction |
Storj
STORJ
|
0.7713129 |
details, prediction |
Dero
DERO
|
0.7343088 |
details, prediction |
Bancor
BNT
|
0.66451377 |
details, prediction |
This report should be leaned to get most info about heading trends.
It means that Constellation 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 Constellation
Low correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
Stellar
XLM
|
-0.47023654 |
details, prediction |
ZCash
ZEC
|
0.23394948 |
details, prediction |
KuCoin Shares
KCS
|
0.44682717 |
details, prediction |
Ethereum
ETH
|
0.49803925 |
details, prediction |
Bitcoin Cash
BCH
|
0.52519715 |
details, prediction |
|
Second tier
|
True USD
TUSD
|
-0.45702824 |
details, prediction |
USD//Coin
USDC
|
-0.15690278 |
details, prediction |
Dai
DAI
|
0.007721204 |
details, prediction |
OriginTrail
TRAC
|
0.3275193 |
details, prediction |
Theta
THETA
|
0.40185717 |
details, prediction |
|
Third tier
|
Chronobank
TIME
|
-0.39697126 |
details, prediction |
OPEN Platform
OPEN
|
-0.20128934 |
details, prediction |
Propy
PRO
|
-0.10644907 |
details, prediction |
Enjin Coin
ENJ
|
0.028555715 |
details, prediction |
BABB
BAX
|
0.15529332 |
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)