Highly correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
Dogecoin
DOGE
|
0.64236885 |
details, prediction |
Bitcoin Cash
BCH
|
0.6253587 |
details, prediction |
Binance Coin
BNB
|
0.5666482 |
details, prediction |
XRP
XRP
|
0.5338928 |
details, prediction |
Cardano
ADA
|
0.5213723 |
details, prediction |
|
Second tier
|
Zilliqa
ZIL
|
0.80061007 |
details, prediction |
Ardor
ARDR
|
0.76462066 |
details, prediction |
Bitcoin Gold
BTG
|
0.7069829 |
details, prediction |
Theta Fuel
TFUEL
|
0.6864083 |
details, prediction |
Waves
WAVES
|
0.6686833 |
details, prediction |
|
Third tier
|
Komodo
KMD
|
0.7886101 |
details, prediction |
Elastos
ELA
|
0.7872436 |
details, prediction |
Stox
STX
|
0.76254004 |
details, prediction |
Dero
DERO
|
0.73068357 |
details, prediction |
Matrix AI Network
MAN
|
0.6763799 |
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
|
UNUS SED LEO
LEO
|
-0.62245256 |
details, prediction |
TRON
TRX
|
-0.55309635 |
details, prediction |
ZCash
ZEC
|
0.118057735 |
details, prediction |
Ethereum
ETH
|
0.20812671 |
details, prediction |
ChainLink
LINK
|
0.26363835 |
details, prediction |
|
Second tier
|
Nexo
NEXO
|
-0.28496915 |
details, prediction |
Decred
DCR
|
-7.986653E-4 |
details, prediction |
Algorand
ALGO
|
0.06246711 |
details, prediction |
Dai
DAI
|
0.13928209 |
details, prediction |
Chiliz
CHZ
|
0.16893631 |
details, prediction |
|
Third tier
|
Streamr DATAcoin
DATA
|
-0.8983453 |
details, prediction |
Ontology
ONT
|
-0.53732526 |
details, prediction |
OPEN Platform
OPEN
|
-0.5042563 |
details, prediction |
Enjin Coin
ENJ
|
-0.34434283 |
details, prediction |
Kambria
KAT
|
-0.1517958 |
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)