Highly correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
Crypto.com Chain
CRO
|
0.82281524 |
details, prediction |
Bitcoin Cash
BCH
|
0.7713526 |
details, prediction |
Cardano
ADA
|
0.6628267 |
details, prediction |
Ethereum Classic
ETC
|
0.37855634 |
details, prediction |
XRP
XRP
|
0.28699973 |
details, prediction |
|
Second tier
|
Bitcoin Gold
BTG
|
0.90507907 |
details, prediction |
Verge
XVG
|
0.9043137 |
details, prediction |
Telcoin
TEL
|
0.83050936 |
details, prediction |
Waves
WAVES
|
0.81350213 |
details, prediction |
Siacoin
SC
|
0.75709337 |
details, prediction |
|
Third tier
|
Dent
DENT
|
0.9619952 |
details, prediction |
PIVX
PIVX
|
0.8961496 |
details, prediction |
SingularityNET
AGI
|
0.88648677 |
details, prediction |
SysCoin
SYS
|
0.8242095 |
details, prediction |
Loopring
LRC
|
0.8106989 |
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
|
Ethereum
ETH
|
-0.62909406 |
details, prediction |
TRON
TRX
|
-0.5988772 |
details, prediction |
Bitcoin
BTC
|
-0.59681994 |
details, prediction |
ZCash
ZEC
|
-0.568385 |
details, prediction |
KuCoin Shares
KCS
|
-0.53123844 |
details, prediction |
|
Second tier
|
iEx.ec
RLC
|
-0.6738546 |
details, prediction |
Theta
THETA
|
-0.6130137 |
details, prediction |
Bitcoin SV
BSV
|
-0.5145807 |
details, prediction |
True USD
TUSD
|
-0.5115806 |
details, prediction |
Algorand
ALGO
|
-0.4590835 |
details, prediction |
|
Third tier
|
HEROcoin
PLAY
|
-0.8835317 |
details, prediction |
OPEN Platform
OPEN
|
-0.7016419 |
details, prediction |
Metal
MTL
|
-0.66379964 |
details, prediction |
Enjin Coin
ENJ
|
-0.66169786 |
details, prediction |
ICON
ICX
|
-0.5359935 |
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)