Highly correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
KuCoin Shares
KCS
|
0.8606868 |
details, prediction |
Ethereum Classic
ETC
|
0.8265243 |
details, prediction |
Bitcoin Cash
BCH
|
0.76921487 |
details, prediction |
Cardano
ADA
|
0.73374724 |
details, prediction |
Binance Coin
BNB
|
0.7087935 |
details, prediction |
|
Second tier
|
Basic Attention Token
BAT
|
0.8884728 |
details, prediction |
Bitcoin Gold
BTG
|
0.8874871 |
details, prediction |
Status
SNT
|
0.86085474 |
details, prediction |
Vechain
VET
|
0.8500141 |
details, prediction |
Decentraland
MANA
|
0.8347309 |
details, prediction |
|
Third tier
|
SingularityNET
AGI
|
0.9144451 |
details, prediction |
Civic
CVC
|
0.8533486 |
details, prediction |
Internet of Services
IOST
|
0.84620535 |
details, prediction |
ICON
ICX
|
0.8357319 |
details, prediction |
ARK
ARK
|
0.82768047 |
details, prediction |
This report should be leaned to get most info about heading trends.
It means that FTX 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 FTX Token
Low correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
TRON
TRX
|
-0.43511134 |
details, prediction |
UNUS SED LEO
LEO
|
-0.33824667 |
details, prediction |
ZCash
ZEC
|
0.15827733 |
details, prediction |
Ethereum
ETH
|
0.19505489 |
details, prediction |
Bitcoin
BTC
|
0.25783876 |
details, prediction |
|
Second tier
|
Nexo
NEXO
|
-0.4518947 |
details, prediction |
Decred
DCR
|
-0.38706383 |
details, prediction |
HoloToken
HOT
|
-0.027392989 |
details, prediction |
Bitcoin SV
BSV
|
-0.0065637496 |
details, prediction |
Algorand
ALGO
|
0.051712926 |
details, prediction |
|
Third tier
|
OPEN Platform
OPEN
|
-0.36467826 |
details, prediction |
Propy
PRO
|
-0.35439655 |
details, prediction |
Ontology
ONT
|
-0.3272136 |
details, prediction |
V Systems
VSYS
|
-0.2510058 |
details, prediction |
Enjin Coin
ENJ
|
-0.19316238 |
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)