Highly correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
ZCash
ZEC
|
0.8081058 |
details, prediction |
Ethereum Classic
ETC
|
0.77068305 |
details, prediction |
Ethereum
ETH
|
0.76501596 |
details, prediction |
Cardano
ADA
|
0.75172406 |
details, prediction |
Binance Coin
BNB
|
0.74550176 |
details, prediction |
|
Second tier
|
0x
ZRX
|
0.76533425 |
details, prediction |
Horizen
ZEN
|
0.76148486 |
details, prediction |
Ravencoin
RVN
|
0.7409078 |
details, prediction |
MonaCoin
MONA
|
0.7294186 |
details, prediction |
Digix DAO
DGD
|
0.72661763 |
details, prediction |
|
Third tier
|
EdenChain
EDN
|
0.9192871 |
details, prediction |
DACSEE
DACS
|
0.9029387 |
details, prediction |
Credit Tag Chain
CTC
|
0.9026061 |
details, prediction |
CWV Chain
CWV
|
0.89010745 |
details, prediction |
Vexanium
VEX
|
0.87446463 |
details, prediction |
This report should be leaned to get most info about heading trends.
It means that TokenStars 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 TokenStars
Low correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
Dogecoin
DOGE
|
-0.730201 |
details, prediction |
ChainLink
LINK
|
-0.37264195 |
details, prediction |
XRP
XRP
|
0.02765129 |
details, prediction |
Monero
XMR
|
0.2623815 |
details, prediction |
Stellar
XLM
|
0.3425592 |
details, prediction |
|
Second tier
|
HoloToken
HOT
|
-0.6426955 |
details, prediction |
Quant Network
QNT
|
-0.5610693 |
details, prediction |
True USD
TUSD
|
-0.41173854 |
details, prediction |
Nano
NANO
|
-0.19954577 |
details, prediction |
Telcoin
TEL
|
-0.19831175 |
details, prediction |
|
Third tier
|
Vitae
VITAE
|
-0.88301486 |
details, prediction |
Dreamscape
DSC
|
-0.76811814 |
details, prediction |
BHPCash
BHPC
|
-0.728933 |
details, prediction |
NIX
NIX
|
-0.7130892 |
details, prediction |
Airbloc
ABL
|
-0.6629375 |
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)