Highly correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
Ethereum
ETH
|
0.9263452 |
details, prediction |
Bitcoin
BTC
|
0.92580944 |
details, prediction |
XRP
XRP
|
0.920151 |
details, prediction |
Ethereum Classic
ETC
|
0.9139663 |
details, prediction |
Monero
XMR
|
0.90068257 |
details, prediction |
|
Second tier
|
EOS
EOS
|
0.985568 |
details, prediction |
Telcoin
TEL
|
0.9176628 |
details, prediction |
Synthetix Network Token
SNX
|
0.9072354 |
details, prediction |
Bitcoin Gold
BTG
|
0.89321333 |
details, prediction |
aelf
ELF
|
0.88615805 |
details, prediction |
|
Third tier
|
Kleros
PNK
|
0.9865249 |
details, prediction |
SingularityNET
AGI
|
0.910302 |
details, prediction |
SwftCoin
SWFTC
|
0.9073599 |
details, prediction |
Phantasma
SOUL
|
0.89648277 |
details, prediction |
Kambria
KAT
|
0.87381434 |
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
|
-0.47092322 |
details, prediction |
Bitcoin Cash
BCH
|
0.1689985 |
details, prediction |
ZCash
ZEC
|
0.4166887 |
details, prediction |
Litecoin
LTC
|
0.449113 |
details, prediction |
UNUS SED LEO
LEO
|
0.5271102 |
details, prediction |
|
Second tier
|
Dai
DAI
|
-0.43829963 |
details, prediction |
Decred
DCR
|
-0.11394167 |
details, prediction |
True USD
TUSD
|
0.111011915 |
details, prediction |
Verge
XVG
|
0.33234897 |
details, prediction |
Zilliqa
ZIL
|
0.3859 |
details, prediction |
|
Third tier
|
Ontology
ONT
|
-0.22133838 |
details, prediction |
HEROcoin
PLAY
|
-0.16244449 |
details, prediction |
OPEN Platform
OPEN
|
-0.10142789 |
details, prediction |
Enjin Coin
ENJ
|
-0.0377995 |
details, prediction |
Dent
DENT
|
0.30658606 |
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)