Highly correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
Monero
XMR
|
0.83094096 |
details, prediction |
Ethereum Classic
ETC
|
0.8159703 |
details, prediction |
ZCash
ZEC
|
0.81585467 |
details, prediction |
Stellar
XLM
|
0.8046064 |
details, prediction |
Cardano
ADA
|
0.7983358 |
details, prediction |
|
Second tier
|
Request Network
REQ
|
0.94009614 |
details, prediction |
Theta Fuel
TFUEL
|
0.9364339 |
details, prediction |
iEx.ec
RLC
|
0.92567015 |
details, prediction |
QTUM
QTUM
|
0.9233378 |
details, prediction |
Horizen
ZEN
|
0.9197123 |
details, prediction |
|
Third tier
|
Civic
CVC
|
0.9531475 |
details, prediction |
ARK
ARK
|
0.95167893 |
details, prediction |
PIVX
PIVX
|
0.94019985 |
details, prediction |
Kleros
PNK
|
0.93986255 |
details, prediction |
Lisk
LSK
|
0.93257874 |
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
|
TRON
TRX
|
-0.23229082 |
details, prediction |
Binance Coin
BNB
|
0.15261205 |
details, prediction |
Dogecoin
DOGE
|
0.47468606 |
details, prediction |
UNUS SED LEO
LEO
|
0.52008677 |
details, prediction |
KuCoin Shares
KCS
|
0.52369183 |
details, prediction |
|
Second tier
|
Dai
DAI
|
-0.32577288 |
details, prediction |
Zilliqa
ZIL
|
-0.030880071 |
details, prediction |
True USD
TUSD
|
0.120463885 |
details, prediction |
Verge
XVG
|
0.24504772 |
details, prediction |
Decred
DCR
|
0.5071839 |
details, prediction |
|
Third tier
|
Constellation
DAG
|
-0.5780484 |
details, prediction |
HEROcoin
PLAY
|
-0.51787066 |
details, prediction |
Dero
DERO
|
0.09552213 |
details, prediction |
BOScoin
BOS
|
0.30707812 |
details, prediction |
Stox
STX
|
0.5267951 |
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)