Highly correlated currencies
Coin |
Correlation |
Links |
First tier
|
Fantom
FTM
|
0.8679741 |
details, prediction |
Ethereum
ETH
|
0.8315459 |
details, prediction |
KuCoin Shares
KCS
|
0.7839051 |
details, prediction |
Cardano
ADA
|
0.77777547 |
details, prediction |
Ethereum Classic
ETC
|
0.76293474 |
details, prediction |
Second tier
|
Huobi Token
HT
|
0.8035656 |
details, prediction |
OriginTrail
TRAC
|
0.7722061 |
details, prediction |
Horizen
ZEN
|
0.7692339 |
details, prediction |
OmiseGo
OMG
|
0.75709945 |
details, prediction |
Aragon
ANT
|
0.7530461 |
details, prediction |
Third tier
|
Tidex Token
TDX
|
0.92325586 |
details, prediction |
Scroll
SCRL
|
0.84406966 |
details, prediction |
DACSEE
DACS
|
0.82893485 |
details, prediction |
Winchain
WIN
|
0.82563955 |
details, prediction |
Colu Local Network
CLN
|
0.82251936 |
details, prediction |
This report should be leaned to get most info about heading trends.
It means that FundRequest 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 FundRequest
Low correlated currencies
Coin |
Correlation |
Links |
First tier
|
XRP
XRP
|
-0.3906275 |
details, prediction |
ChainLink
LINK
|
-0.36765602 |
details, prediction |
Maker
MKR
|
-0.33551595 |
details, prediction |
USD//Coin
USDC
|
-0.26970547 |
details, prediction |
Dogecoin
DOGE
|
-0.21527512 |
details, prediction |
Second tier
|
Quant Network
QNT
|
-0.555983 |
details, prediction |
Bitcoin Gold
BTG
|
-0.43554997 |
details, prediction |
Paxos Standard
PAX
|
-0.4342374 |
details, prediction |
Nexo
NEXO
|
-0.4083896 |
details, prediction |
HoloToken
HOT
|
-0.35504642 |
details, prediction |
Third tier
|
Gemini Dollar
GUSD
|
-0.62940073 |
details, prediction |
Vitae
VITAE
|
-0.5840621 |
details, prediction |
QuarkChain
QKC
|
-0.50350815 |
details, prediction |
Genesis Vision
GVT
|
-0.5010599 |
details, prediction |
Nasdacoin
NSD
|
-0.4926789 |
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)