Highly correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
Ethereum Classic
ETC
|
0.79536813 |
details, prediction |
Dogecoin
DOGE
|
0.6855477 |
details, prediction |
ZCash
ZEC
|
0.5583656 |
details, prediction |
ChainLink
LINK
|
0.52459735 |
details, prediction |
Cardano
ADA
|
0.37977 |
details, prediction |
|
Second tier
|
Horizen
ZEN
|
0.60421455 |
details, prediction |
DASH
DASH
|
0.59478116 |
details, prediction |
QTUM
QTUM
|
0.59305423 |
details, prediction |
NEO
NEO
|
0.5919684 |
details, prediction |
iEx.ec
RLC
|
0.5759005 |
details, prediction |
|
Third tier
|
Storj
STORJ
|
0.7822953 |
details, prediction |
Loopring
LRC
|
0.66488695 |
details, prediction |
Bancor
BNT
|
0.6407382 |
details, prediction |
Constellation
DAG
|
0.61124253 |
details, prediction |
Civic
CVC
|
0.5516875 |
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
|
Crypto.com Chain
CRO
|
-0.57013017 |
details, prediction |
Stellar
XLM
|
-0.38808542 |
details, prediction |
KuCoin Shares
KCS
|
-0.14717667 |
details, prediction |
Ethereum
ETH
|
-0.11677691 |
details, prediction |
Bitcoin Cash
BCH
|
0.08893298 |
details, prediction |
|
Second tier
|
Bitcoin Gold
BTG
|
-0.513951 |
details, prediction |
Decred
DCR
|
-0.43943554 |
details, prediction |
DigiByte
DGB
|
-0.2666972 |
details, prediction |
Verge
XVG
|
-0.19030783 |
details, prediction |
Dai
DAI
|
-0.18782222 |
details, prediction |
|
Third tier
|
LAToken
LA
|
-0.7212883 |
details, prediction |
BABB
BAX
|
-0.6155155 |
details, prediction |
SingularityNET
AGI
|
-0.58029014 |
details, prediction |
Chronobank
TIME
|
-0.36830893 |
details, prediction |
Matrix AI Network
MAN
|
-0.3442728 |
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)