Highly correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
Cardano
ADA
|
0.4717484 |
details, prediction |
Bitcoin Cash
BCH
|
0.44835678 |
details, prediction |
UNUS SED LEO
LEO
|
0.42812538 |
details, prediction |
Crypto.com Chain
CRO
|
0.38531047 |
details, prediction |
Ethereum Classic
ETC
|
0.368834 |
details, prediction |
|
Second tier
|
EOS
EOS
|
0.6373604 |
details, prediction |
Telcoin
TEL
|
0.47873968 |
details, prediction |
IOTA
IOT
|
0.4686354 |
details, prediction |
OriginTrail
TRAC
|
0.46575046 |
details, prediction |
Bitcoin Gold
BTG
|
0.46444166 |
details, prediction |
|
Third tier
|
Wanchain
WAN
|
0.9363868 |
details, prediction |
Kleros
PNK
|
0.882947 |
details, prediction |
Dent
DENT
|
0.76538247 |
details, prediction |
Streamr DATAcoin
DATA
|
0.7388847 |
details, prediction |
Dero
DERO
|
0.6865061 |
details, prediction |
This report should be leaned to get most info about heading trends.
It means that FunFair 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 FunFair
Low correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
TRON
TRX
|
-0.41980377 |
details, prediction |
ZCash
ZEC
|
-0.40191966 |
details, prediction |
Bitcoin
BTC
|
-0.05724777 |
details, prediction |
Ethereum
ETH
|
-0.0042469604 |
details, prediction |
KuCoin Shares
KCS
|
0.117637016 |
details, prediction |
|
Second tier
|
True USD
TUSD
|
-0.014586361 |
details, prediction |
Algorand
ALGO
|
0.0068847984 |
details, prediction |
Nexo
NEXO
|
0.008246031 |
details, prediction |
Request Network
REQ
|
0.04869481 |
details, prediction |
Dai
DAI
|
0.0819234 |
details, prediction |
|
Third tier
|
Enjin Coin
ENJ
|
-0.8493376 |
details, prediction |
OPEN Platform
OPEN
|
-0.73765373 |
details, prediction |
HEROcoin
PLAY
|
-0.6295447 |
details, prediction |
Ontology
ONT
|
-0.30773705 |
details, prediction |
Chronobank
TIME
|
0.034282785 |
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)