Highly correlated currencies
Coin |
Correlation |
Links |
First tier
|
Monero
XMR
|
0.81103027 |
details, prediction |
Ethereum
ETH
|
0.80707973 |
details, prediction |
Binance Coin
BNB
|
0.80444217 |
details, prediction |
Bitcoin Cash
BCH
|
0.802631 |
details, prediction |
Bitcoin
BTC
|
0.7932564 |
details, prediction |
Second tier
|
Digix DAO
DGD
|
0.92134964 |
details, prediction |
SwissBorg
CHSB
|
0.9173773 |
details, prediction |
Loom Network
LOOM
|
0.88637275 |
details, prediction |
Status
SNT
|
0.836606 |
details, prediction |
Huobi Token
HT
|
0.8254169 |
details, prediction |
Third tier
|
Global Social Chain
GSC
|
0.92788637 |
details, prediction |
RSK Infrastructure Framework
RIF
|
0.91286093 |
details, prediction |
Neumarks
NEU
|
0.897747 |
details, prediction |
Groestlcoin
GRS
|
0.8968603 |
details, prediction |
FunFair
FUN
|
0.8965939 |
details, prediction |
This report should be leaned to get most info about heading trends.
It means that Faceter 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 Faceter
Low correlated currencies
Coin |
Correlation |
Links |
First tier
|
UNUS SED LEO
LEO
|
-0.035775345 |
details, prediction |
USD//Coin
USDC
|
0.2568542 |
details, prediction |
TRON
TRX
|
0.25777256 |
details, prediction |
Bitcoin SV
BSV
|
0.47892278 |
details, prediction |
Theta
THETA
|
0.56437206 |
details, prediction |
Second tier
|
GXShares
GXS
|
-0.67461544 |
details, prediction |
BitTorrent
BTT
|
-0.16072273 |
details, prediction |
EthLend
LEND
|
-0.100012794 |
details, prediction |
Quant Network
QNT
|
0.081386335 |
details, prediction |
Metadium
META
|
0.10235474 |
details, prediction |
Third tier
|
Seele
SEELE
|
-0.8784969 |
details, prediction |
Gemini Dollar
GUSD
|
-0.81491613 |
details, prediction |
Platincoin
PLC
|
-0.60610497 |
details, prediction |
Time New Bank
TNB
|
-0.53032863 |
details, prediction |
GlitzKoin
GTN
|
-0.51883465 |
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)