Highly correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
KuCoin Shares
KCS
|
-0.09088828 |
details, prediction |
Binance Coin
BNB
|
-0.101176135 |
details, prediction |
ZCash
ZEC
|
-0.1811553 |
details, prediction |
TRON
TRX
|
-0.1997476 |
details, prediction |
Dogecoin
DOGE
|
-0.33491218 |
details, prediction |
|
Second tier
|
Dai
DAI
|
0.56916624 |
details, prediction |
USD//Coin
USDC
|
0.50558746 |
details, prediction |
True USD
TUSD
|
0.24246147 |
details, prediction |
OriginTrail
TRAC
|
0.16904312 |
details, prediction |
Telcoin
TEL
|
0.1237104 |
details, prediction |
|
Third tier
|
SingularityNET
AGI
|
0.4230193 |
details, prediction |
Dent
DENT
|
0.2828174 |
details, prediction |
BABB
BAX
|
0.23527925 |
details, prediction |
Kambria
KAT
|
0.14960593 |
details, prediction |
Stox
STX
|
0.14012225 |
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
|
Monero
XMR
|
-0.56897783 |
details, prediction |
Ethereum
ETH
|
-0.55926996 |
details, prediction |
Bitcoin Cash
BCH
|
-0.5581893 |
details, prediction |
Bitcoin
BTC
|
-0.5171212 |
details, prediction |
Litecoin
LTC
|
-0.50335675 |
details, prediction |
|
Second tier
|
Decred
DCR
|
-0.60082346 |
details, prediction |
HoloToken
HOT
|
-0.54840755 |
details, prediction |
Vechain
VET
|
-0.49689686 |
details, prediction |
Bitcoin SV
BSV
|
-0.48703456 |
details, prediction |
DigiByte
DGB
|
-0.45402983 |
details, prediction |
|
Third tier
|
SysCoin
SYS
|
-0.5961371 |
details, prediction |
Hydro Protocol
HOT
|
-0.56354254 |
details, prediction |
NEM
XEM
|
-0.48706394 |
details, prediction |
Dero
DERO
|
-0.471395 |
details, prediction |
Metal
MTL
|
-0.45112175 |
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)