Highly correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
TRON
TRX
|
0.7119465 |
details, prediction |
ChainLink
LINK
|
0.6611355 |
details, prediction |
ZCash
ZEC
|
0.62688816 |
details, prediction |
Monero
XMR
|
0.5977747 |
details, prediction |
Crypto.com Chain
CRO
|
0.59136266 |
details, prediction |
|
Second tier
|
DASH
DASH
|
0.72482055 |
details, prediction |
Bitcoin Gold
BTG
|
0.56784695 |
details, prediction |
QTUM
QTUM
|
0.5052503 |
details, prediction |
Horizen
ZEN
|
0.50019014 |
details, prediction |
Synthetix Network Token
SNX
|
0.49514347 |
details, prediction |
|
Third tier
|
Dero
DERO
|
0.74537706 |
details, prediction |
Komodo
KMD
|
0.70057005 |
details, prediction |
Bancor
BNT
|
0.66421634 |
details, prediction |
Storj
STORJ
|
0.6220701 |
details, prediction |
Stox
STX
|
0.61461145 |
details, prediction |
This report should be leaned to get most info about heading trends.
It means that Constellation 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 Constellation
Low correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
Stellar
XLM
|
-0.41422203 |
details, prediction |
KuCoin Shares
KCS
|
0.3026854 |
details, prediction |
Dogecoin
DOGE
|
0.3841227 |
details, prediction |
Bitcoin Cash
BCH
|
0.38940364 |
details, prediction |
Ethereum
ETH
|
0.43883413 |
details, prediction |
|
Second tier
|
True USD
TUSD
|
-0.479599 |
details, prediction |
USD//Coin
USDC
|
-0.18189755 |
details, prediction |
Dai
DAI
|
-0.10630804 |
details, prediction |
Ardor
ARDR
|
0.23860665 |
details, prediction |
Request Network
REQ
|
0.25580412 |
details, prediction |
|
Third tier
|
BABB
BAX
|
-0.29108948 |
details, prediction |
OPEN Platform
OPEN
|
-0.16568695 |
details, prediction |
Propy
PRO
|
-0.11153275 |
details, prediction |
SysCoin
SYS
|
0.06882527 |
details, prediction |
Phantasma
SOUL
|
0.10001209 |
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)