Highly correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
Dogecoin
DOGE
|
0.94032973 |
details, prediction |
Ethereum Classic
ETC
|
0.91575027 |
details, prediction |
XRP
XRP
|
0.8716859 |
details, prediction |
Cardano
ADA
|
0.8598613 |
details, prediction |
Bitcoin
BTC
|
0.8081319 |
details, prediction |
|
Second tier
|
Verge
XVG
|
0.9189492 |
details, prediction |
NEO
NEO
|
0.913683 |
details, prediction |
IOTA
IOT
|
0.9131947 |
details, prediction |
Siacoin
SC
|
0.90898764 |
details, prediction |
Zilliqa
ZIL
|
0.9011727 |
details, prediction |
|
Third tier
|
SwftCoin
SWFTC
|
0.92930895 |
details, prediction |
Internet of Services
IOST
|
0.9237203 |
details, prediction |
IoTeX
IOTX
|
0.9155072 |
details, prediction |
QuarkChain
QKC
|
0.9119111 |
details, prediction |
ICON
ICX
|
0.9115092 |
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
|
Stellar
XLM
|
-0.4528068 |
details, prediction |
TRON
TRX
|
0.1145793 |
details, prediction |
ZCash
ZEC
|
0.19917698 |
details, prediction |
Ethereum
ETH
|
0.6297368 |
details, prediction |
Monero
XMR
|
0.69550246 |
details, prediction |
|
Second tier
|
USD//Coin
USDC
|
-0.83560187 |
details, prediction |
Dai
DAI
|
-0.6904896 |
details, prediction |
True USD
TUSD
|
-0.68180037 |
details, prediction |
DigiByte
DGB
|
0.25402787 |
details, prediction |
Bitcoin SV
BSV
|
0.60532016 |
details, prediction |
|
Third tier
|
Propy
PRO
|
-0.36195114 |
details, prediction |
Phantasma
SOUL
|
-0.29593536 |
details, prediction |
Matrix AI Network
MAN
|
-0.17686175 |
details, prediction |
V Systems
VSYS
|
-0.13674375 |
details, prediction |
NKN
NKN
|
-0.0549996 |
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)