Highly correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
Dogecoin
DOGE
|
0.5897995 |
details, prediction |
Bitcoin Cash
BCH
|
0.4900166 |
details, prediction |
Binance Coin
BNB
|
0.47419646 |
details, prediction |
KuCoin Shares
KCS
|
0.46465757 |
details, prediction |
XRP
XRP
|
0.44457301 |
details, prediction |
|
Second tier
|
Zilliqa
ZIL
|
0.8082518 |
details, prediction |
Ardor
ARDR
|
0.6557106 |
details, prediction |
Theta Fuel
TFUEL
|
0.5942718 |
details, prediction |
Siacoin
SC
|
0.58376527 |
details, prediction |
Bitcoin Gold
BTG
|
0.58038354 |
details, prediction |
|
Third tier
|
Elastos
ELA
|
0.7054307 |
details, prediction |
Komodo
KMD
|
0.6916048 |
details, prediction |
Stox
STX
|
0.67778206 |
details, prediction |
Gas
GAS
|
0.66233027 |
details, prediction |
Chronobank
TIME
|
0.6562224 |
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
|
UNUS SED LEO
LEO
|
-0.62245256 |
details, prediction |
TRON
TRX
|
-0.3791168 |
details, prediction |
ChainLink
LINK
|
0.15819925 |
details, prediction |
Stellar
XLM
|
0.17131427 |
details, prediction |
Ethereum
ETH
|
0.1806771 |
details, prediction |
|
Second tier
|
Nexo
NEXO
|
-0.35975948 |
details, prediction |
Decred
DCR
|
-0.27102324 |
details, prediction |
Chiliz
CHZ
|
0.06857059 |
details, prediction |
Vechain
VET
|
0.08199999 |
details, prediction |
USD//Coin
USDC
|
0.098471746 |
details, prediction |
|
Third tier
|
Streamr DATAcoin
DATA
|
-0.8983453 |
details, prediction |
Dent
DENT
|
-0.5134461 |
details, prediction |
Propy
PRO
|
-0.43254554 |
details, prediction |
Ontology
ONT
|
-0.3629256 |
details, prediction |
FunFair
FUN
|
-0.29024312 |
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)