Highly correlated currencies
Coin |
Correlation |
Links |
First tier
|
IOTA
IOT
|
0.99284726 |
details, prediction |
Cosmos
ATOM
|
0.990929 |
details, prediction |
ChainLink
LINK
|
0.9901142 |
details, prediction |
Matic Network
MATIC
|
0.9900412 |
details, prediction |
Decentraland
MANA
|
0.98841196 |
details, prediction |
Second tier
|
Basic Attention Token
BAT
|
0.99036086 |
details, prediction |
IoTeX
IOTX
|
0.98917365 |
details, prediction |
Enjin Coin
ENJ
|
0.9889855 |
details, prediction |
Theta Fuel
TFUEL
|
0.9882873 |
details, prediction |
SysCoin
SYS
|
0.9845288 |
details, prediction |
Third tier
|
Stox
STX
|
0.99235296 |
details, prediction |
Beam
BEAM
|
0.99181706 |
details, prediction |
Walton
WTC
|
0.98932517 |
details, prediction |
Matrix AI Network
MAN
|
0.9827163 |
details, prediction |
Kin
KIN
|
0.9819518 |
details, prediction |
This report should be leaned to get most info about heading trends.
It means that Fantom 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 Fantom
Low correlated currencies
Coin |
Correlation |
Links |
First tier
|
TRON
TRX
|
-0.5042676 |
details, prediction |
Monero
XMR
|
0.6450616 |
details, prediction |
KuCoin Shares
KCS
|
0.7977959 |
details, prediction |
Huobi Token
HT
|
0.856184 |
details, prediction |
Dogecoin
DOGE
|
0.87522495 |
details, prediction |
Second tier
|
USD//Coin
USDC
|
-0.67780596 |
details, prediction |
True USD
TUSD
|
-0.65480083 |
details, prediction |
Dai
DAI
|
-0.625887 |
details, prediction |
Paxos Standard
PAX
|
-0.46796507 |
details, prediction |
EthLend
LEND
|
-0.36087096 |
details, prediction |
Third tier
|
Time New Bank
TNB
|
-0.9210281 |
details, prediction |
ILCoin
ILC
|
-0.71343184 |
details, prediction |
FeatherCoin
FTC
|
-0.6536218 |
details, prediction |
Gemini Dollar
GUSD
|
-0.6136007 |
details, prediction |
Envion
EVN
|
-0.6091896 |
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)