Highly correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
Monero
XMR
|
0.95539 |
details, prediction |
ZCash
ZEC
|
0.8890605 |
details, prediction |
Bitcoin
BTC
|
0.8756177 |
details, prediction |
Ethereum
ETH
|
0.8726734 |
details, prediction |
Stellar
XLM
|
0.85472065 |
details, prediction |
|
Second tier
|
Synthetix Network Token
SNX
|
0.88006866 |
details, prediction |
DASH
DASH
|
0.86398524 |
details, prediction |
Nexo
NEXO
|
0.8611581 |
details, prediction |
Theta Fuel
TFUEL
|
0.8556868 |
details, prediction |
Bitcoin Gold
BTG
|
0.8531284 |
details, prediction |
|
Third tier
|
NKN
NKN
|
0.94300616 |
details, prediction |
ARK
ARK
|
0.91280293 |
details, prediction |
Civic
CVC
|
0.8926924 |
details, prediction |
BABB
BAX
|
0.8887016 |
details, prediction |
PIVX
PIVX
|
0.85596466 |
details, prediction |
This report should be leaned to get most info about heading trends.
It means that Streamr DATAcoin 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 Streamr DATAcoin
Low correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
TRON
TRX
|
-0.45527616 |
details, prediction |
Binance Coin
BNB
|
0.045464482 |
details, prediction |
Dogecoin
DOGE
|
0.1838964 |
details, prediction |
XRP
XRP
|
0.5624032 |
details, prediction |
Crypto.com Chain
CRO
|
0.6503251 |
details, prediction |
|
Second tier
|
Dai
DAI
|
-0.4344803 |
details, prediction |
Zilliqa
ZIL
|
-0.33441654 |
details, prediction |
True USD
TUSD
|
-0.11932388 |
details, prediction |
Decred
DCR
|
0.11912963 |
details, prediction |
Verge
XVG
|
0.14354697 |
details, prediction |
|
Third tier
|
Constellation
DAG
|
-0.8983453 |
details, prediction |
HEROcoin
PLAY
|
-0.5320083 |
details, prediction |
Dero
DERO
|
-0.15737484 |
details, prediction |
Stox
STX
|
0.2566397 |
details, prediction |
OPEN Platform
OPEN
|
0.26552284 |
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)