Highly correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
KuCoin Shares
KCS
|
0.09932901 |
details, prediction |
Binance Coin
BNB
|
-0.08537511 |
details, prediction |
Dogecoin
DOGE
|
-0.1605041 |
details, prediction |
XRP
XRP
|
-0.17371126 |
details, prediction |
Ethereum Classic
ETC
|
-0.23808932 |
details, prediction |
|
Second tier
|
Dai
DAI
|
0.51226616 |
details, prediction |
USD//Coin
USDC
|
0.44000354 |
details, prediction |
True USD
TUSD
|
0.29704 |
details, prediction |
Crypto.com Chain
CRO
|
0.27892745 |
details, prediction |
OriginTrail
TRAC
|
0.2318764 |
details, prediction |
|
Third tier
|
SingularityNET
AGI
|
0.5146883 |
details, prediction |
BABB
BAX
|
0.47533545 |
details, prediction |
Dent
DENT
|
0.35332748 |
details, prediction |
LAToken
LA
|
0.3349399 |
details, prediction |
Stox
STX
|
0.26966545 |
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
|
Monero
XMR
|
-0.5687717 |
details, prediction |
Ethereum
ETH
|
-0.4872378 |
details, prediction |
ChainLink
LINK
|
-0.44444665 |
details, prediction |
Bitcoin Cash
BCH
|
-0.4308859 |
details, prediction |
Cardano
ADA
|
-0.41118914 |
details, prediction |
|
Second tier
|
Decred
DCR
|
-0.5302391 |
details, prediction |
DigiByte
DGB
|
-0.47806895 |
details, prediction |
Bitcoin SV
BSV
|
-0.44372645 |
details, prediction |
HoloToken
HOT
|
-0.4301946 |
details, prediction |
Vechain
VET
|
-0.35244557 |
details, prediction |
|
Third tier
|
SysCoin
SYS
|
-0.54222214 |
details, prediction |
Dero
DERO
|
-0.48451915 |
details, prediction |
V Systems
VSYS
|
-0.4756065 |
details, prediction |
Hydro Protocol
HOT
|
-0.443265 |
details, prediction |
NKN
NKN
|
-0.40553468 |
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)