Highly correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
XRP
XRP
|
0.46707562 |
details, prediction |
Binance Coin
BNB
|
0.39896896 |
details, prediction |
Litecoin
LTC
|
0.35399598 |
details, prediction |
KuCoin Shares
KCS
|
0.20136113 |
details, prediction |
Ethereum
ETH
|
0.18576571 |
details, prediction |
|
Second tier
|
HoloToken
HOT
|
0.39068237 |
details, prediction |
Chiliz
CHZ
|
0.21460031 |
details, prediction |
Decred
DCR
|
0.21107662 |
details, prediction |
Telcoin
TEL
|
0.17765576 |
details, prediction |
Bitcoin Gold
BTG
|
0.16055152 |
details, prediction |
|
Third tier
|
Chronobank
TIME
|
0.5229158 |
details, prediction |
Steem
STEEM
|
0.51598513 |
details, prediction |
Kambria
KAT
|
0.4914475 |
details, prediction |
Propy
PRO
|
0.35603848 |
details, prediction |
Hydro Protocol
HOT
|
0.32295725 |
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
|
ZCash
ZEC
|
-0.2971118 |
details, prediction |
Dogecoin
DOGE
|
-0.22944178 |
details, prediction |
Bitcoin Cash
BCH
|
-0.12891106 |
details, prediction |
Ethereum Classic
ETC
|
-0.104190476 |
details, prediction |
Cardano
ADA
|
-0.005538467 |
details, prediction |
|
Second tier
|
DASH
DASH
|
-0.3653605 |
details, prediction |
FTX Token
FTT
|
-0.2777622 |
details, prediction |
Horizen
ZEN
|
-0.2658784 |
details, prediction |
Algorand
ALGO
|
-0.25687733 |
details, prediction |
Vechain
VET
|
-0.24476478 |
details, prediction |
|
Third tier
|
Loopring
LRC
|
-0.7317136 |
details, prediction |
ICON
ICX
|
-0.38056996 |
details, prediction |
AdEx
ADX
|
-0.3358769 |
details, prediction |
Power Ledger
POWR
|
-0.30012167 |
details, prediction |
Gas
GAS
|
-0.2768666 |
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)