Highly correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
Dogecoin
DOGE
|
0.925519 |
details, prediction |
Ethereum Classic
ETC
|
0.91017413 |
details, prediction |
Stellar
XLM
|
0.7968635 |
details, prediction |
Bitcoin Cash
BCH
|
0.72567666 |
details, prediction |
KuCoin Shares
KCS
|
0.6728378 |
details, prediction |
|
Second tier
|
Theta Fuel
TFUEL
|
0.9437052 |
details, prediction |
NEO
NEO
|
0.93981504 |
details, prediction |
Verge
XVG
|
0.92542166 |
details, prediction |
IOTA
IOT
|
0.91329056 |
details, prediction |
Siacoin
SC
|
0.9120658 |
details, prediction |
|
Third tier
|
Kyber Network
KNC
|
0.95043147 |
details, prediction |
ARK
ARK
|
0.94749266 |
details, prediction |
SingularityNET
AGI
|
0.9318268 |
details, prediction |
Lisk
LSK
|
0.93101054 |
details, prediction |
Gas
GAS
|
0.92182 |
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
|
Monero
XMR
|
0.00781791 |
details, prediction |
Ethereum
ETH
|
0.136787 |
details, prediction |
ChainLink
LINK
|
0.15332146 |
details, prediction |
TRON
TRX
|
0.21950687 |
details, prediction |
ZCash
ZEC
|
0.24751127 |
details, prediction |
|
Second tier
|
Dai
DAI
|
-0.8499773 |
details, prediction |
DigiByte
DGB
|
-0.24010794 |
details, prediction |
USD//Coin
USDC
|
-0.062142484 |
details, prediction |
True USD
TUSD
|
0.023246843 |
details, prediction |
Bitcoin SV
BSV
|
0.039377693 |
details, prediction |
|
Third tier
|
NKN
NKN
|
-0.5943973 |
details, prediction |
V Systems
VSYS
|
-0.34708586 |
details, prediction |
Propy
PRO
|
-0.3303811 |
details, prediction |
Matrix AI Network
MAN
|
-0.06879376 |
details, prediction |
Phantasma
SOUL
|
0.10989288 |
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)