Highly correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
TRON
TRX
|
0.44009933 |
details, prediction |
Bitcoin Cash
BCH
|
0.22555667 |
details, prediction |
Ethereum
ETH
|
0.0957743 |
details, prediction |
Cardano
ADA
|
0.06429622 |
details, prediction |
Bitcoin
BTC
|
0.03780869 |
details, prediction |
|
Second tier
|
HoloToken
HOT
|
0.36689654 |
details, prediction |
USD//Coin
USDC
|
0.24788967 |
details, prediction |
True USD
TUSD
|
0.23077331 |
details, prediction |
Bitcoin Gold
BTG
|
0.22529152 |
details, prediction |
DigiByte
DGB
|
0.18215767 |
details, prediction |
|
Third tier
|
Phantasma
SOUL
|
0.61121106 |
details, prediction |
Achain
ACT
|
0.46063516 |
details, prediction |
Hydro Protocol
HOT
|
0.4528783 |
details, prediction |
V Systems
VSYS
|
0.42581198 |
details, prediction |
Propy
PRO
|
0.31131187 |
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
|
Dogecoin
DOGE
|
-0.22436096 |
details, prediction |
Ethereum Classic
ETC
|
-0.12803727 |
details, prediction |
Stellar
XLM
|
-0.122942075 |
details, prediction |
ZCash
ZEC
|
-0.089682505 |
details, prediction |
Binance Coin
BNB
|
-0.08631855 |
details, prediction |
|
Second tier
|
Cosmos
ATOM
|
-0.38426885 |
details, prediction |
FTX Token
FTT
|
-0.38037592 |
details, prediction |
Ardor
ARDR
|
-0.363836 |
details, prediction |
Verge
XVG
|
-0.35345864 |
details, prediction |
Chiliz
CHZ
|
-0.32277557 |
details, prediction |
|
Third tier
|
BABB
BAX
|
-0.6703263 |
details, prediction |
Metal
MTL
|
-0.55173117 |
details, prediction |
IoTeX
IOTX
|
-0.46492538 |
details, prediction |
Elastos
ELA
|
-0.46206692 |
details, prediction |
LAToken
LA
|
-0.35207915 |
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)