Highly correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
ZCash
ZEC
|
0.11001274 |
details, prediction |
TRON
TRX
|
-0.0653949 |
details, prediction |
Binance Coin
BNB
|
-0.10239435 |
details, prediction |
Monero
XMR
|
-0.4502085 |
details, prediction |
Crypto.com Chain
CRO
|
-0.4583422 |
details, prediction |
|
Second tier
|
USD//Coin
USDC
|
0.5310781 |
details, prediction |
Dai
DAI
|
0.4830302 |
details, prediction |
True USD
TUSD
|
0.31375948 |
details, prediction |
OriginTrail
TRAC
|
0.23827237 |
details, prediction |
Telcoin
TEL
|
0.14100964 |
details, prediction |
|
Third tier
|
Chronobank
TIME
|
0.89424604 |
details, prediction |
OPEN Platform
OPEN
|
0.015528856 |
details, prediction |
V Systems
VSYS
|
-0.03217239 |
details, prediction |
Komodo
KMD
|
-0.040273342 |
details, prediction |
Matrix AI Network
MAN
|
-0.13019383 |
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
|
-0.7002921 |
details, prediction |
Litecoin
LTC
|
-0.63246316 |
details, prediction |
Ethereum
ETH
|
-0.6243219 |
details, prediction |
Cardano
ADA
|
-0.6118674 |
details, prediction |
Ethereum Classic
ETC
|
-0.610513 |
details, prediction |
|
Second tier
|
Waves
WAVES
|
-0.682112 |
details, prediction |
Status
SNT
|
-0.67952603 |
details, prediction |
Decred
DCR
|
-0.6648136 |
details, prediction |
aelf
ELF
|
-0.66424596 |
details, prediction |
Vechain
VET
|
-0.65998065 |
details, prediction |
|
Third tier
|
Electroneum
ETN
|
-0.73365504 |
details, prediction |
ICON
ICX
|
-0.67593247 |
details, prediction |
NEM
XEM
|
-0.66841584 |
details, prediction |
Metal
MTL
|
-0.66679883 |
details, prediction |
Gas
GAS
|
-0.66077656 |
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)