Highly correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
Ethereum Classic
ETC
|
0.7696567 |
details, prediction |
Dogecoin
DOGE
|
0.72314763 |
details, prediction |
KuCoin Shares
KCS
|
0.6786029 |
details, prediction |
Bitcoin Cash
BCH
|
0.50984645 |
details, prediction |
XRP
XRP
|
0.3974482 |
details, prediction |
|
Second tier
|
Basic Attention Token
BAT
|
0.84620345 |
details, prediction |
NEO
NEO
|
0.8455499 |
details, prediction |
Synthetix Network Token
SNX
|
0.8357566 |
details, prediction |
Zilliqa
ZIL
|
0.8328767 |
details, prediction |
Tezos
XTZ
|
0.83122456 |
details, prediction |
|
Third tier
|
Enjin Coin
ENJ
|
0.88045037 |
details, prediction |
Civic
CVC
|
0.84134746 |
details, prediction |
Kyber Network
KNC
|
0.83387935 |
details, prediction |
SwftCoin
SWFTC
|
0.81859636 |
details, prediction |
ARK
ARK
|
0.81407344 |
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
|
Monero
XMR
|
-0.32514584 |
details, prediction |
Ethereum
ETH
|
-0.13718605 |
details, prediction |
ChainLink
LINK
|
-0.13099502 |
details, prediction |
ZCash
ZEC
|
-0.060592137 |
details, prediction |
TRON
TRX
|
0.058541253 |
details, prediction |
|
Second tier
|
DigiByte
DGB
|
-0.4515448 |
details, prediction |
Dai
DAI
|
-0.4348063 |
details, prediction |
Bitcoin SV
BSV
|
-0.19524781 |
details, prediction |
Decred
DCR
|
-0.1147249 |
details, prediction |
HoloToken
HOT
|
0.035780683 |
details, prediction |
|
Third tier
|
V Systems
VSYS
|
-0.49069345 |
details, prediction |
NKN
NKN
|
-0.3868151 |
details, prediction |
Propy
PRO
|
-0.16657029 |
details, prediction |
Hydro Protocol
HOT
|
-0.0056619723 |
details, prediction |
Dent
DENT
|
0.058760706 |
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)