Highly correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
Ethereum Classic
ETC
|
0.9208834 |
details, prediction |
Litecoin
LTC
|
0.91720533 |
details, prediction |
Cardano
ADA
|
0.912843 |
details, prediction |
Bitcoin
BTC
|
0.9041574 |
details, prediction |
Bitcoin Cash
BCH
|
0.8917685 |
details, prediction |
|
Second tier
|
NEO
NEO
|
0.9503892 |
details, prediction |
Vechain
VET
|
0.93918097 |
details, prediction |
Theta Fuel
TFUEL
|
0.93156767 |
details, prediction |
Bitcoin Gold
BTG
|
0.9297876 |
details, prediction |
Chiliz
CHZ
|
0.9277133 |
details, prediction |
|
Third tier
|
Egretia
EGT
|
0.9745244 |
details, prediction |
Time New Bank
TNB
|
0.9635936 |
details, prediction |
Project Pai
PAI
|
0.9613379 |
details, prediction |
Kcash
KCASH
|
0.9593823 |
details, prediction |
BitKan
KAN
|
0.95186466 |
details, prediction |
This report should be leaned to get most info about heading trends.
It means that FansTime 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 FansTime
Low correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
UNUS SED LEO
LEO
|
-0.7860187 |
details, prediction |
Matic Network
MATIC
|
-0.49776193 |
details, prediction |
Crypto.com Chain
CRO
|
-0.11974519 |
details, prediction |
Fantom
FTM
|
0.20163733 |
details, prediction |
Dogecoin
DOGE
|
0.32269108 |
details, prediction |
|
Second tier
|
True USD
TUSD
|
-0.7763058 |
details, prediction |
USD//Coin
USDC
|
-0.7756217 |
details, prediction |
Cortex
CTXC
|
-0.7724441 |
details, prediction |
GXShares
GXS
|
-0.7588445 |
details, prediction |
Dai
DAI
|
-0.67497015 |
details, prediction |
|
Third tier
|
SysCoin
SYS
|
-0.7946165 |
details, prediction |
Veritaseum
VERI
|
-0.77026147 |
details, prediction |
Particl
PART
|
-0.75905615 |
details, prediction |
Gemini Dollar
GUSD
|
-0.75637376 |
details, prediction |
GXChain
GXC
|
-0.75439394 |
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)