Highly correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
SONM
SNM
|
0.96171355 |
details, prediction |
KuCoin Shares
KCS
|
0.9607005 |
details, prediction |
Litecoin
LTC
|
0.92323345 |
details, prediction |
TRON
TRX
|
0.9170408 |
details, prediction |
Ethereum
ETH
|
0.9107182 |
details, prediction |
|
Second tier
|
Ethos (Bitquence)
BQX
|
0.97002983 |
details, prediction |
FirstBlood
1ST
|
0.9685165 |
details, prediction |
Status
SNT
|
0.96369356 |
details, prediction |
NEO
NEO
|
0.95904756 |
details, prediction |
QTUM
QTUM
|
0.9581289 |
details, prediction |
|
Third tier
|
SwftCoin
SWFTC
|
0.97797143 |
details, prediction |
AICHAIN
AIT
|
0.9767356 |
details, prediction |
Global Social Chain
GSC
|
0.9760497 |
details, prediction |
BitKan
KAN
|
0.9744554 |
details, prediction |
Hydro Protocol
HOT
|
0.97367305 |
details, prediction |
This report should be leaned to get most info about heading trends.
It means that Fabric Token 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 Fabric Token
Low correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
ChainLink
LINK
|
-0.7355357 |
details, prediction |
Dogecoin
DOGE
|
-0.43032134 |
details, prediction |
XRP
XRP
|
0.31471655 |
details, prediction |
Maker
MKR
|
0.5091931 |
details, prediction |
Stellar
XLM
|
0.52762 |
details, prediction |
|
Second tier
|
HoloToken
HOT
|
-0.5896701 |
details, prediction |
True USD
TUSD
|
-0.5377412 |
details, prediction |
Dai
DAI
|
-0.39438152 |
details, prediction |
Quant Network
QNT
|
-0.30081144 |
details, prediction |
Vechain
VET
|
-0.08334963 |
details, prediction |
|
Third tier
|
Metaverse
ETP
|
-0.8827478 |
details, prediction |
PolySwarm
NCT
|
-0.5041179 |
details, prediction |
BHPCash
BHPC
|
-0.46161294 |
details, prediction |
Adshares
ADST
|
-0.4499958 |
details, prediction |
Morpheus Network
MORPH
|
-0.4436054 |
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)