Highly correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
Bitcoin Cash
BCH
|
0.59905875 |
details, prediction |
TRON
TRX
|
0.5208966 |
details, prediction |
Litecoin
LTC
|
0.49756628 |
details, prediction |
Cardano
ADA
|
0.40488172 |
details, prediction |
Ethereum
ETH
|
0.3057782 |
details, prediction |
|
Second tier
|
HoloToken
HOT
|
0.6402097 |
details, prediction |
Bitcoin Gold
BTG
|
0.62272936 |
details, prediction |
Decred
DCR
|
0.4913486 |
details, prediction |
0x
ZRX
|
0.45584923 |
details, prediction |
Decentraland
MANA
|
0.4055593 |
details, prediction |
|
Third tier
|
Dero
DERO
|
0.787804 |
details, prediction |
Achain
ACT
|
0.73062664 |
details, prediction |
Hydro Protocol
HOT
|
0.659803 |
details, prediction |
Phantasma
SOUL
|
0.41865957 |
details, prediction |
Bancor
BNT
|
0.40682775 |
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
|
Dogecoin
DOGE
|
0.11067161 |
details, prediction |
Monero
XMR
|
0.12007871 |
details, prediction |
Stellar
XLM
|
0.14058393 |
details, prediction |
KuCoin Shares
KCS
|
0.1676222 |
details, prediction |
Ethereum Classic
ETC
|
0.21651109 |
details, prediction |
|
Second tier
|
Dai
DAI
|
-0.7345923 |
details, prediction |
Telcoin
TEL
|
-0.08645947 |
details, prediction |
Ardor
ARDR
|
-0.05215164 |
details, prediction |
Cosmos
ATOM
|
-0.050498854 |
details, prediction |
FTX Token
FTT
|
-0.045107573 |
details, prediction |
|
Third tier
|
BABB
BAX
|
-0.4642779 |
details, prediction |
Metal
MTL
|
-0.40899485 |
details, prediction |
OPEN Platform
OPEN
|
-0.30456 |
details, prediction |
Electroneum
ETN
|
-0.16048013 |
details, prediction |
Elastos
ELA
|
-0.06409442 |
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)