Highly correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
UNUS SED LEO
LEO
|
0.95747036 |
details, prediction |
Ethereum Classic
ETC
|
0.70926774 |
details, prediction |
ChainLink
LINK
|
0.59302557 |
details, prediction |
Crypto.com Chain
CRO
|
0.5590181 |
details, prediction |
Cardano
ADA
|
0.5576529 |
details, prediction |
|
Second tier
|
Bitcoin Gold
BTG
|
0.615984 |
details, prediction |
FTX Token
FTT
|
0.6037249 |
details, prediction |
Telcoin
TEL
|
0.59819734 |
details, prediction |
Horizen
ZEN
|
0.53450596 |
details, prediction |
NEO
NEO
|
0.53268665 |
details, prediction |
|
Third tier
|
Loopring
LRC
|
0.80643046 |
details, prediction |
Stox
STX
|
0.7504414 |
details, prediction |
FunFair
FUN
|
0.706786 |
details, prediction |
Storj
STORJ
|
0.695065 |
details, prediction |
Komodo
KMD
|
0.6883398 |
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
|
Stellar
XLM
|
-0.50124234 |
details, prediction |
ZCash
ZEC
|
0.20608778 |
details, prediction |
TRON
TRX
|
0.23569953 |
details, prediction |
KuCoin Shares
KCS
|
0.31132498 |
details, prediction |
Ethereum
ETH
|
0.317727 |
details, prediction |
|
Second tier
|
True USD
TUSD
|
-0.38333285 |
details, prediction |
USD//Coin
USDC
|
-0.15965804 |
details, prediction |
Dai
DAI
|
0.068419576 |
details, prediction |
Algorand
ALGO
|
0.14035697 |
details, prediction |
Request Network
REQ
|
0.14363587 |
details, prediction |
|
Third tier
|
OPEN Platform
OPEN
|
-0.54040205 |
details, prediction |
Enjin Coin
ENJ
|
-0.18528597 |
details, prediction |
Ontology
ONT
|
-0.0022920826 |
details, prediction |
Phantasma
SOUL
|
0.039230354 |
details, prediction |
HEROcoin
PLAY
|
0.06847687 |
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)