Highly correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
Ethereum
ETH
|
0.9544208 |
details, prediction |
Bitcoin
BTC
|
0.9473028 |
details, prediction |
Ethereum Classic
ETC
|
0.9338449 |
details, prediction |
XRP
XRP
|
0.92669123 |
details, prediction |
Monero
XMR
|
0.9266004 |
details, prediction |
|
Second tier
|
EOS
EOS
|
0.985568 |
details, prediction |
Telcoin
TEL
|
0.9206846 |
details, prediction |
Synthetix Network Token
SNX
|
0.9159601 |
details, prediction |
NEO
NEO
|
0.8971154 |
details, prediction |
aelf
ELF
|
0.8954051 |
details, prediction |
|
Third tier
|
Kleros
PNK
|
0.9865249 |
details, prediction |
Phantasma
SOUL
|
0.9480896 |
details, prediction |
SwftCoin
SWFTC
|
0.8981731 |
details, prediction |
Lisk
LSK
|
0.8940812 |
details, prediction |
V Systems
VSYS
|
0.88732934 |
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
|
TRON
TRX
|
-0.053413518 |
details, prediction |
Bitcoin Cash
BCH
|
-0.029359668 |
details, prediction |
Litecoin
LTC
|
0.45645472 |
details, prediction |
UNUS SED LEO
LEO
|
0.5271102 |
details, prediction |
Dogecoin
DOGE
|
0.61556935 |
details, prediction |
|
Second tier
|
Dai
DAI
|
-0.4802789 |
details, prediction |
Decred
DCR
|
-0.19320734 |
details, prediction |
True USD
TUSD
|
0.07347384 |
details, prediction |
Zilliqa
ZIL
|
0.18228717 |
details, prediction |
Verge
XVG
|
0.21172115 |
details, prediction |
|
Third tier
|
Constellation
DAG
|
-0.004543272 |
details, prediction |
HEROcoin
PLAY
|
6.0234906E-4 |
details, prediction |
BABB
BAX
|
0.0024335403 |
details, prediction |
Dero
DERO
|
0.061936226 |
details, prediction |
Dent
DENT
|
0.17291136 |
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)