Highly correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
Ethereum Classic
ETC
|
0.915141 |
details, prediction |
Cardano
ADA
|
0.8889454 |
details, prediction |
ZCash
ZEC
|
0.8879777 |
details, prediction |
Crypto.com Chain
CRO
|
0.8758634 |
details, prediction |
Bitcoin Cash
BCH
|
0.86547595 |
details, prediction |
|
Second tier
|
Decentraland
MANA
|
0.9763815 |
details, prediction |
Basic Attention Token
BAT
|
0.9728085 |
details, prediction |
QTUM
QTUM
|
0.9704768 |
details, prediction |
Status
SNT
|
0.96966875 |
details, prediction |
iEx.ec
RLC
|
0.96896315 |
details, prediction |
|
Third tier
|
PIVX
PIVX
|
0.986425 |
details, prediction |
Storj
STORJ
|
0.9780707 |
details, prediction |
ICON
ICX
|
0.9772831 |
details, prediction |
Civic
CVC
|
0.9747755 |
details, prediction |
Power Ledger
POWR
|
0.9716573 |
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
|
-0.53722554 |
details, prediction |
UNUS SED LEO
LEO
|
0.10427458 |
details, prediction |
Binance Coin
BNB
|
0.45566177 |
details, prediction |
Dogecoin
DOGE
|
0.61702 |
details, prediction |
XRP
XRP
|
0.68910855 |
details, prediction |
|
Second tier
|
Decred
DCR
|
-0.53698325 |
details, prediction |
Dai
DAI
|
-0.33264315 |
details, prediction |
Verge
XVG
|
0.3064524 |
details, prediction |
True USD
TUSD
|
0.31924462 |
details, prediction |
Nexo
NEXO
|
0.45851982 |
details, prediction |
|
Third tier
|
Dent
DENT
|
-0.24830991 |
details, prediction |
BABB
BAX
|
0.061614845 |
details, prediction |
Propy
PRO
|
0.09344095 |
details, prediction |
HEROcoin
PLAY
|
0.12626891 |
details, prediction |
Constellation
DAG
|
0.31908455 |
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)