Highly correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
ZCash
ZEC
|
-0.08300601 |
details, prediction |
Binance Coin
BNB
|
-0.15881346 |
details, prediction |
TRON
TRX
|
-0.17745633 |
details, prediction |
Crypto.com Chain
CRO
|
-0.19170247 |
details, prediction |
KuCoin Shares
KCS
|
-0.3155491 |
details, prediction |
|
Second tier
|
Dai
DAI
|
0.57362217 |
details, prediction |
USD//Coin
USDC
|
0.51298755 |
details, prediction |
True USD
TUSD
|
0.1750394 |
details, prediction |
OriginTrail
TRAC
|
0.13989355 |
details, prediction |
Telcoin
TEL
|
0.030612793 |
details, prediction |
|
Third tier
|
OPEN Platform
OPEN
|
-0.05414496 |
details, prediction |
BABB
BAX
|
-0.07557932 |
details, prediction |
SingularityNET
AGI
|
-0.08184824 |
details, prediction |
Propy
PRO
|
-0.097352825 |
details, prediction |
Stox
STX
|
-0.106223226 |
details, prediction |
This report should be leaned to get most info about heading trends.
It means that Stellar 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 Stellar
Low correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
Bitcoin Cash
BCH
|
-0.62579244 |
details, prediction |
Bitcoin
BTC
|
-0.594475 |
details, prediction |
Ethereum
ETH
|
-0.5896543 |
details, prediction |
Monero
XMR
|
-0.5846085 |
details, prediction |
Litecoin
LTC
|
-0.57979304 |
details, prediction |
|
Second tier
|
Decred
DCR
|
-0.6197983 |
details, prediction |
HoloToken
HOT
|
-0.6007824 |
details, prediction |
Vechain
VET
|
-0.5794794 |
details, prediction |
Status
SNT
|
-0.5711862 |
details, prediction |
Waves
WAVES
|
-0.55778736 |
details, prediction |
|
Third tier
|
Hydro Protocol
HOT
|
-0.6103383 |
details, prediction |
SysCoin
SYS
|
-0.5813245 |
details, prediction |
NEM
XEM
|
-0.5778091 |
details, prediction |
Gas
GAS
|
-0.55144006 |
details, prediction |
Metal
MTL
|
-0.5511051 |
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)