Highly correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
TRON
TRX
|
0.44399926 |
details, prediction |
Dogecoin
DOGE
|
-0.0495507 |
details, prediction |
Binance Coin
BNB
|
-0.068139896 |
details, prediction |
XRP
XRP
|
-0.39725468 |
details, prediction |
Crypto.com Chain
CRO
|
-0.51944023 |
details, prediction |
|
Second tier
|
Zilliqa
ZIL
|
0.6391165 |
details, prediction |
Dai
DAI
|
0.5349245 |
details, prediction |
Decred
DCR
|
0.3193063 |
details, prediction |
True USD
TUSD
|
0.30673516 |
details, prediction |
Verge
XVG
|
0.08740448 |
details, prediction |
|
Third tier
|
HEROcoin
PLAY
|
0.4971997 |
details, prediction |
Dero
DERO
|
0.43763432 |
details, prediction |
Gas
GAS
|
0.10572436 |
details, prediction |
Stox
STX
|
0.07049112 |
details, prediction |
BOScoin
BOS
|
0.036819756 |
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
|
Monero
XMR
|
-0.8368553 |
details, prediction |
ZCash
ZEC
|
-0.82547295 |
details, prediction |
Ethereum
ETH
|
-0.82439417 |
details, prediction |
Bitcoin
BTC
|
-0.7863092 |
details, prediction |
Ethereum Classic
ETC
|
-0.76866835 |
details, prediction |
|
Second tier
|
DASH
DASH
|
-0.7044918 |
details, prediction |
Basic Attention Token
BAT
|
-0.66976076 |
details, prediction |
Nexo
NEXO
|
-0.64072 |
details, prediction |
Synthetix Network Token
SNX
|
-0.6381143 |
details, prediction |
XYO Network
XYO
|
-0.62031215 |
details, prediction |
|
Third tier
|
Streamr DATAcoin
DATA
|
-0.8983453 |
details, prediction |
NKN
NKN
|
-0.7525549 |
details, prediction |
ARK
ARK
|
-0.68347424 |
details, prediction |
Phantasma
SOUL
|
-0.67085737 |
details, prediction |
Civic
CVC
|
-0.6632613 |
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)