Highly correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
Cardano
ADA
|
0.9959126 |
details, prediction |
Ethereum Classic
ETC
|
0.9875915 |
details, prediction |
ZCash
ZEC
|
0.97027504 |
details, prediction |
KuCoin Shares
KCS
|
0.9040252 |
details, prediction |
Ethereum
ETH
|
0.8810237 |
details, prediction |
|
Second tier
|
Basic Attention Token
BAT
|
0.962323 |
details, prediction |
IOTA
IOT
|
0.9527987 |
details, prediction |
NEO
NEO
|
0.9246238 |
details, prediction |
Telcoin
TEL
|
0.9228021 |
details, prediction |
Synthetix Network Token
SNX
|
0.9205684 |
details, prediction |
|
Third tier
|
Phantasma
SOUL
|
0.95657724 |
details, prediction |
Bancor
BNT
|
0.94108826 |
details, prediction |
Kyber Network
KNC
|
0.931612 |
details, prediction |
IoTeX
IOTX
|
0.92451495 |
details, prediction |
Lisk
LSK
|
0.91861236 |
details, prediction |
This report should be leaned to get most info about heading trends.
It means that Stellar 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 Stellar
Low correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
Bitcoin Cash
BCH
|
-0.11125677 |
details, prediction |
Binance Coin
BNB
|
-0.032866586 |
details, prediction |
TRON
TRX
|
0.0011225996 |
details, prediction |
Dogecoin
DOGE
|
0.23959793 |
details, prediction |
Litecoin
LTC
|
0.34743273 |
details, prediction |
|
Second tier
|
Dai
DAI
|
-0.6703162 |
details, prediction |
True USD
TUSD
|
-0.551385 |
details, prediction |
DASH
DASH
|
-0.045147408 |
details, prediction |
Zilliqa
ZIL
|
-0.030498184 |
details, prediction |
Decred
DCR
|
0.10799306 |
details, prediction |
|
Third tier
|
Constellation
DAG
|
-0.7654956 |
details, prediction |
HEROcoin
PLAY
|
-0.67776793 |
details, prediction |
Dero
DERO
|
-0.37518227 |
details, prediction |
BOScoin
BOS
|
-0.2407124 |
details, prediction |
Elastos
ELA
|
0.23262675 |
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)