Highly correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
Ethereum Classic
ETC
|
0.7032588 |
details, prediction |
ChainLink
LINK
|
0.6863316 |
details, prediction |
TRON
TRX
|
0.6612239 |
details, prediction |
Crypto.com Chain
CRO
|
0.6603031 |
details, prediction |
Cardano
ADA
|
0.63587636 |
details, prediction |
|
Second tier
|
FTX Token
FTT
|
0.65076274 |
details, prediction |
Bitcoin Gold
BTG
|
0.61011416 |
details, prediction |
DASH
DASH
|
0.6085742 |
details, prediction |
Horizen
ZEN
|
0.6043671 |
details, prediction |
QTUM
QTUM
|
0.59850323 |
details, prediction |
|
Third tier
|
FunFair
FUN
|
0.9082336 |
details, prediction |
Stox
STX
|
0.7470934 |
details, prediction |
Dero
DERO
|
0.74005246 |
details, prediction |
Storj
STORJ
|
0.73020965 |
details, prediction |
Bancor
BNT
|
0.6851792 |
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
|
-0.45020956 |
details, prediction |
KuCoin Shares
KCS
|
0.4031092 |
details, prediction |
ZCash
ZEC
|
0.40945563 |
details, prediction |
Bitcoin Cash
BCH
|
0.47086546 |
details, prediction |
Ethereum
ETH
|
0.4732818 |
details, prediction |
|
Second tier
|
True USD
TUSD
|
-0.56003016 |
details, prediction |
USD//Coin
USDC
|
-0.24411856 |
details, prediction |
Dai
DAI
|
-0.06637415 |
details, prediction |
Ardor
ARDR
|
0.36327693 |
details, prediction |
Request Network
REQ
|
0.36726794 |
details, prediction |
|
Third tier
|
Chronobank
TIME
|
-0.77886593 |
details, prediction |
OPEN Platform
OPEN
|
-0.15117453 |
details, prediction |
Propy
PRO
|
-0.14438431 |
details, prediction |
BABB
BAX
|
-0.015931783 |
details, prediction |
Matrix AI Network
MAN
|
0.10644034 |
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)