Highly correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
ZCash
ZEC
|
-0.013301902 |
details, prediction |
TRON
TRX
|
-0.13632406 |
details, prediction |
Binance Coin
BNB
|
-0.18437238 |
details, prediction |
Crypto.com Chain
CRO
|
-0.2796521 |
details, prediction |
KuCoin Shares
KCS
|
-0.37918162 |
details, prediction |
|
Second tier
|
Dai
DAI
|
0.574106 |
details, prediction |
USD//Coin
USDC
|
0.56325406 |
details, prediction |
True USD
TUSD
|
0.224942 |
details, prediction |
OriginTrail
TRAC
|
0.14543998 |
details, prediction |
Telcoin
TEL
|
-0.01447685 |
details, prediction |
|
Third tier
|
Komodo
KMD
|
0.64764935 |
details, prediction |
V Systems
VSYS
|
-0.058164388 |
details, prediction |
Propy
PRO
|
-0.08917313 |
details, prediction |
OPEN Platform
OPEN
|
-0.09882656 |
details, prediction |
Matrix AI Network
MAN
|
-0.15844156 |
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
|
-0.65720695 |
details, prediction |
Bitcoin
BTC
|
-0.6199912 |
details, prediction |
Litecoin
LTC
|
-0.60097194 |
details, prediction |
Ethereum
ETH
|
-0.59158224 |
details, prediction |
Ethereum Classic
ETC
|
-0.5871451 |
details, prediction |
|
Second tier
|
Status
SNT
|
-0.63593924 |
details, prediction |
Decred
DCR
|
-0.6209178 |
details, prediction |
Waves
WAVES
|
-0.62086886 |
details, prediction |
Vechain
VET
|
-0.6192922 |
details, prediction |
HoloToken
HOT
|
-0.61633694 |
details, prediction |
|
Third tier
|
Electroneum
ETN
|
-0.6545469 |
details, prediction |
Storj
STORJ
|
-0.6286198 |
details, prediction |
Hydro Protocol
HOT
|
-0.61908627 |
details, prediction |
NEM
XEM
|
-0.6167142 |
details, prediction |
ICON
ICX
|
-0.6106581 |
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)