Highly correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
UNUS SED LEO
LEO
|
0.95747036 |
details, prediction |
Ethereum Classic
ETC
|
0.75643957 |
details, prediction |
ZCash
ZEC
|
0.56831694 |
details, prediction |
Binance Coin
BNB
|
0.50187904 |
details, prediction |
TRON
TRX
|
0.35011193 |
details, prediction |
|
Second tier
|
Telcoin
TEL
|
0.9081115 |
details, prediction |
OriginTrail
TRAC
|
0.76174647 |
details, prediction |
FTX Token
FTT
|
0.61124253 |
details, prediction |
DASH
DASH
|
0.5475872 |
details, prediction |
Dai
DAI
|
0.39481866 |
details, prediction |
|
Third tier
|
Loopring
LRC
|
0.80643046 |
details, prediction |
FunFair
FUN
|
0.706786 |
details, prediction |
Komodo
KMD
|
0.6883398 |
details, prediction |
V Systems
VSYS
|
0.6431621 |
details, prediction |
Dero
DERO
|
0.55394053 |
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
|
Bitcoin Cash
BCH
|
-0.6060688 |
details, prediction |
KuCoin Shares
KCS
|
-0.57481045 |
details, prediction |
Ethereum
ETH
|
-0.54012483 |
details, prediction |
Stellar
XLM
|
-0.4430953 |
details, prediction |
Litecoin
LTC
|
-0.38722655 |
details, prediction |
|
Second tier
|
Ravencoin
RVN
|
-0.6451055 |
details, prediction |
Vechain
VET
|
-0.51897717 |
details, prediction |
aelf
ELF
|
-0.51754653 |
details, prediction |
HoloToken
HOT
|
-0.49947917 |
details, prediction |
0x
ZRX
|
-0.47561288 |
details, prediction |
|
Third tier
|
LAToken
LA
|
-0.8274826 |
details, prediction |
SingularityNET
AGI
|
-0.6388087 |
details, prediction |
AdEx
ADX
|
-0.5993412 |
details, prediction |
SysCoin
SYS
|
-0.58128947 |
details, prediction |
Hydro Protocol
HOT
|
-0.5363104 |
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)