Highly correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
Crypto.com Chain
CRO
|
0.7445867 |
details, prediction |
Litecoin
LTC
|
0.59209716 |
details, prediction |
XRP
XRP
|
0.5165804 |
details, prediction |
Ethereum
ETH
|
0.42829704 |
details, prediction |
Bitcoin Cash
BCH
|
0.3732409 |
details, prediction |
|
Second tier
|
aelf
ELF
|
0.7688386 |
details, prediction |
Decred
DCR
|
0.72458893 |
details, prediction |
Bitcoin Gold
BTG
|
0.6752493 |
details, prediction |
HoloToken
HOT
|
0.57429934 |
details, prediction |
Tezos
XTZ
|
0.56374454 |
details, prediction |
|
Third tier
|
LAToken
LA
|
0.8828878 |
details, prediction |
SingularityNET
AGI
|
0.83721995 |
details, prediction |
Propy
PRO
|
0.71288776 |
details, prediction |
BABB
BAX
|
0.6379769 |
details, prediction |
SysCoin
SYS
|
0.57896346 |
details, prediction |
This report should be leaned to get most info about heading trends.
It means that Steem 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 Steem
Low correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
ZCash
ZEC
|
-0.51300126 |
details, prediction |
TRON
TRX
|
-0.41623336 |
details, prediction |
UNUS SED LEO
LEO
|
-0.39527962 |
details, prediction |
Dogecoin
DOGE
|
-0.26444656 |
details, prediction |
Monero
XMR
|
-0.2182017 |
details, prediction |
|
Second tier
|
OriginTrail
TRAC
|
-0.62411624 |
details, prediction |
Cosmos
ATOM
|
-0.5582182 |
details, prediction |
Telcoin
TEL
|
-0.41994718 |
details, prediction |
Synthetix Network Token
SNX
|
-0.39338544 |
details, prediction |
DASH
DASH
|
-0.35047895 |
details, prediction |
|
Third tier
|
Loopring
LRC
|
-0.66862905 |
details, prediction |
HEROcoin
PLAY
|
-0.45107192 |
details, prediction |
Bancor
BNT
|
-0.39176124 |
details, prediction |
OPEN Platform
OPEN
|
-0.3830922 |
details, prediction |
Kyber Network
KNC
|
-0.32662785 |
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)