Highly correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
Ethereum Classic
ETC
|
0.82188654 |
details, prediction |
KuCoin Shares
KCS
|
0.79446447 |
details, prediction |
Bitcoin Cash
BCH
|
0.76338136 |
details, prediction |
Dogecoin
DOGE
|
0.6950375 |
details, prediction |
Litecoin
LTC
|
0.6813808 |
details, prediction |
|
Second tier
|
Crypto.com Chain
CRO
|
0.9173021 |
details, prediction |
Zilliqa
ZIL
|
0.85049343 |
details, prediction |
Synthetix Network Token
SNX
|
0.8406107 |
details, prediction |
Status
SNT
|
0.83927184 |
details, prediction |
Basic Attention Token
BAT
|
0.8288665 |
details, prediction |
|
Third tier
|
SwftCoin
SWFTC
|
0.80874425 |
details, prediction |
PIVX
PIVX
|
0.770253 |
details, prediction |
Enjin Coin
ENJ
|
0.76255906 |
details, prediction |
ARK
ARK
|
0.71002537 |
details, prediction |
Gas
GAS
|
0.70135355 |
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
|
TRON
TRX
|
0.27969685 |
details, prediction |
Monero
XMR
|
0.2801208 |
details, prediction |
Ethereum
ETH
|
0.4251992 |
details, prediction |
Binance Coin
BNB
|
0.43543404 |
details, prediction |
ChainLink
LINK
|
0.48611054 |
details, prediction |
|
Second tier
|
Ravencoin
RVN
|
-0.103558175 |
details, prediction |
DigiByte
DGB
|
-0.09774235 |
details, prediction |
USD//Coin
USDC
|
0.08252009 |
details, prediction |
True USD
TUSD
|
0.114352904 |
details, prediction |
Bitcoin Gold
BTG
|
0.14841515 |
details, prediction |
|
Third tier
|
OPEN Platform
OPEN
|
-0.51366657 |
details, prediction |
NKN
NKN
|
-0.34274906 |
details, prediction |
HEROcoin
PLAY
|
-0.30191943 |
details, prediction |
ICON
ICX
|
-0.087313324 |
details, prediction |
Matrix AI Network
MAN
|
-0.067974776 |
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)