Highly correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
Bitcoin Cash
BCH
|
0.8844186 |
details, prediction |
Bitcoin
BTC
|
0.83906525 |
details, prediction |
Litecoin
LTC
|
0.81752634 |
details, prediction |
ChainLink
LINK
|
0.78635615 |
details, prediction |
ZCash
ZEC
|
0.781593 |
details, prediction |
|
Second tier
|
Bitcoin Gold
BTG
|
0.82698363 |
details, prediction |
HoloToken
HOT
|
0.8101131 |
details, prediction |
Vechain
VET
|
0.79583913 |
details, prediction |
0x
ZRX
|
0.7778724 |
details, prediction |
Decred
DCR
|
0.74982476 |
details, prediction |
|
Third tier
|
Bancor
BNT
|
0.8101489 |
details, prediction |
Dero
DERO
|
0.773485 |
details, prediction |
Hydro Protocol
HOT
|
0.77275544 |
details, prediction |
SysCoin
SYS
|
0.76557237 |
details, prediction |
Gas
GAS
|
0.7055305 |
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
|
-0.36751738 |
details, prediction |
Monero
XMR
|
0.52834314 |
details, prediction |
Dogecoin
DOGE
|
0.53833556 |
details, prediction |
Binance Coin
BNB
|
0.5587116 |
details, prediction |
KuCoin Shares
KCS
|
0.5641317 |
details, prediction |
|
Second tier
|
Dai
DAI
|
-0.77381593 |
details, prediction |
USD//Coin
USDC
|
-0.2656993 |
details, prediction |
True USD
TUSD
|
-0.2260658 |
details, prediction |
DigiByte
DGB
|
0.3099723 |
details, prediction |
Basic Attention Token
BAT
|
0.32965904 |
details, prediction |
|
Third tier
|
BABB
BAX
|
-0.19602075 |
details, prediction |
OPEN Platform
OPEN
|
-0.17904937 |
details, prediction |
Propy
PRO
|
-0.10406241 |
details, prediction |
NKN
NKN
|
0.12242171 |
details, prediction |
Phantasma
SOUL
|
0.18534523 |
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)