Highly correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
KuCoin Shares
KCS
|
0.7530898 |
details, prediction |
Ethereum Classic
ETC
|
0.58746934 |
details, prediction |
Dogecoin
DOGE
|
0.5236413 |
details, prediction |
XRP
XRP
|
0.25651932 |
details, prediction |
Bitcoin Cash
BCH
|
0.24951158 |
details, prediction |
|
Second tier
|
Synthetix Network Token
SNX
|
0.81651664 |
details, prediction |
Basic Attention Token
BAT
|
0.7929889 |
details, prediction |
Zilliqa
ZIL
|
0.7863874 |
details, prediction |
Crypto.com Chain
CRO
|
0.77742314 |
details, prediction |
FTX Token
FTT
|
0.75130564 |
details, prediction |
|
Third tier
|
Enjin Coin
ENJ
|
0.8528293 |
details, prediction |
SwftCoin
SWFTC
|
0.7695829 |
details, prediction |
PIVX
PIVX
|
0.73913306 |
details, prediction |
Kambria
KAT
|
0.64085007 |
details, prediction |
BABB
BAX
|
0.6341378 |
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
|
-0.33876508 |
details, prediction |
Ethereum
ETH
|
-0.19015592 |
details, prediction |
ChainLink
LINK
|
-0.17084037 |
details, prediction |
Cardano
ADA
|
-0.15743575 |
details, prediction |
TRON
TRX
|
-0.13769035 |
details, prediction |
|
Second tier
|
DigiByte
DGB
|
-0.5338484 |
details, prediction |
Decred
DCR
|
-0.37858078 |
details, prediction |
Bitcoin SV
BSV
|
-0.24308619 |
details, prediction |
HoloToken
HOT
|
-0.09408821 |
details, prediction |
Vechain
VET
|
-0.010038534 |
details, prediction |
|
Third tier
|
Dero
DERO
|
-0.66004497 |
details, prediction |
V Systems
VSYS
|
-0.52990746 |
details, prediction |
NKN
NKN
|
-0.4117704 |
details, prediction |
Hydro Protocol
HOT
|
-0.08608264 |
details, prediction |
Constellation
DAG
|
-0.07295581 |
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)