Highly correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
Monero
XMR
|
0.84985363 |
details, prediction |
Ethereum
ETH
|
0.8317066 |
details, prediction |
Stellar
XLM
|
0.82980776 |
details, prediction |
Cardano
ADA
|
0.8289878 |
details, prediction |
Bitcoin
BTC
|
0.8262591 |
details, prediction |
|
Second tier
|
HoloToken
HOT
|
0.9120733 |
details, prediction |
Horizen
ZEN
|
0.8848167 |
details, prediction |
aelf
ELF
|
0.88349986 |
details, prediction |
Algorand
ALGO
|
0.87980914 |
details, prediction |
Synthetix Network Token
SNX
|
0.8776273 |
details, prediction |
|
Third tier
|
Kleros
PNK
|
0.94722605 |
details, prediction |
V Systems
VSYS
|
0.939083 |
details, prediction |
Wanchain
WAN
|
0.9198453 |
details, prediction |
Lisk
LSK
|
0.91522133 |
details, prediction |
ARK
ARK
|
0.90449506 |
details, prediction |
This report should be leaned to get most info about heading trends.
It means that Steem 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 Steem
Low correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
TRON
TRX
|
-0.3108108 |
details, prediction |
Binance Coin
BNB
|
0.38744333 |
details, prediction |
Bitcoin Cash
BCH
|
0.5113831 |
details, prediction |
UNUS SED LEO
LEO
|
0.53024966 |
details, prediction |
KuCoin Shares
KCS
|
0.53050536 |
details, prediction |
|
Second tier
|
Dai
DAI
|
-0.35670945 |
details, prediction |
Zilliqa
ZIL
|
0.009869646 |
details, prediction |
Decred
DCR
|
0.18286812 |
details, prediction |
True USD
TUSD
|
0.20367676 |
details, prediction |
Verge
XVG
|
0.24776718 |
details, prediction |
|
Third tier
|
Constellation
DAG
|
-0.3716251 |
details, prediction |
HEROcoin
PLAY
|
-0.3460345 |
details, prediction |
Dero
DERO
|
0.14553076 |
details, prediction |
BABB
BAX
|
0.26571977 |
details, prediction |
BOScoin
BOS
|
0.4003187 |
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)