Highly correlated currencies
Coin |
Correlation |
Links |
First tier
|
TRON
TRX
|
0.31521448 |
details, prediction |
Dogecoin
DOGE
|
-0.40857956 |
details, prediction |
Huobi Token
HT
|
-0.43593282 |
details, prediction |
Ethereum
ETH
|
-0.48906156 |
details, prediction |
Monero
XMR
|
-0.503833 |
details, prediction |
Second tier
|
Dai
DAI
|
0.5878847 |
details, prediction |
USD//Coin
USDC
|
0.5641839 |
details, prediction |
True USD
TUSD
|
0.43817207 |
details, prediction |
GXShares
GXS
|
0.3550134 |
details, prediction |
Propy
PRO
|
0.2190432 |
details, prediction |
Third tier
|
B2B
B2B
|
0.5761532 |
details, prediction |
Mobius
MOBI
|
0.54963326 |
details, prediction |
Platincoin
PLC
|
0.5442625 |
details, prediction |
Envion
EVN
|
0.52448016 |
details, prediction |
CryptoPay
CPAY
|
0.5131025 |
details, prediction |
This report should be leaned to get most info about heading trends.
It means that FeatherCoin 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 FeatherCoin
Low correlated currencies
Coin |
Correlation |
Links |
First tier
|
KuCoin Shares
KCS
|
-0.74619824 |
details, prediction |
Tezos
XTZ
|
-0.6533981 |
details, prediction |
Ethereum Classic
ETC
|
-0.62588763 |
details, prediction |
Binance Coin
BNB
|
-0.6238528 |
details, prediction |
Decentraland
MANA
|
-0.6216219 |
details, prediction |
Second tier
|
Augur
REP
|
-0.75488913 |
details, prediction |
Utrust
UTK
|
-0.72335804 |
details, prediction |
RSK Infrastructure Framework
RIF
|
-0.69094276 |
details, prediction |
Bitcoin Diamond
BCD
|
-0.68364275 |
details, prediction |
Bitcoin Gold
BTG
|
-0.6775808 |
details, prediction |
Third tier
|
WAX
WAX
|
-0.9030481 |
details, prediction |
GXChain
GXC
|
-0.9012708 |
details, prediction |
Populous
PPT
|
-0.83762926 |
details, prediction |
PolySwarm
NCT
|
-0.82593775 |
details, prediction |
Crypto20
C20
|
-0.82508874 |
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)