Highly correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
UNUS SED LEO
LEO
|
0.8702671 |
details, prediction |
Stellar
XLM
|
0.45459267 |
details, prediction |
Ethereum
ETH
|
0.35893303 |
details, prediction |
ChainLink
LINK
|
0.35458508 |
details, prediction |
Litecoin
LTC
|
0.2993186 |
details, prediction |
|
Second tier
|
Decred
DCR
|
0.5309983 |
details, prediction |
HoloToken
HOT
|
0.29928908 |
details, prediction |
aelf
ELF
|
0.2944731 |
details, prediction |
Telcoin
TEL
|
0.27624953 |
details, prediction |
OriginTrail
TRAC
|
0.24530178 |
details, prediction |
|
Third tier
|
V Systems
VSYS
|
0.58185077 |
details, prediction |
Propy
PRO
|
0.4950138 |
details, prediction |
LAToken
LA
|
0.4062375 |
details, prediction |
BABB
BAX
|
0.3402033 |
details, prediction |
Dent
DENT
|
0.31824356 |
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
|
Bitcoin Cash
BCH
|
-0.34732965 |
details, prediction |
Dogecoin
DOGE
|
-0.15619314 |
details, prediction |
ZCash
ZEC
|
-0.10853983 |
details, prediction |
KuCoin Shares
KCS
|
-0.037207358 |
details, prediction |
TRON
TRX
|
0.084231764 |
details, prediction |
|
Second tier
|
Zilliqa
ZIL
|
-0.45253798 |
details, prediction |
iEx.ec
RLC
|
-0.2979451 |
details, prediction |
Cosmos
ATOM
|
-0.29054922 |
details, prediction |
Waves
WAVES
|
-0.2832 |
details, prediction |
Ravencoin
RVN
|
-0.27672634 |
details, prediction |
|
Third tier
|
OPEN Platform
OPEN
|
-0.45852825 |
details, prediction |
Loopring
LRC
|
-0.4492272 |
details, prediction |
Kyber Network
KNC
|
-0.3673596 |
details, prediction |
ICON
ICX
|
-0.30156565 |
details, prediction |
HEROcoin
PLAY
|
-0.2925997 |
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)