Highly correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
Bitcoin Cash
BCH
|
0.54898447 |
details, prediction |
Crypto.com Chain
CRO
|
0.41242766 |
details, prediction |
Cardano
ADA
|
0.29609698 |
details, prediction |
TRON
TRX
|
0.15354688 |
details, prediction |
Stellar
XLM
|
-0.059755873 |
details, prediction |
|
Second tier
|
Dai
DAI
|
0.8454207 |
details, prediction |
USD//Coin
USDC
|
0.7250377 |
details, prediction |
Bitcoin Gold
BTG
|
0.6996986 |
details, prediction |
Telcoin
TEL
|
0.587566 |
details, prediction |
Verge
XVG
|
0.48978028 |
details, prediction |
|
Third tier
|
Wanchain
WAN
|
0.9683654 |
details, prediction |
V Systems
VSYS
|
0.8189165 |
details, prediction |
BABB
BAX
|
0.81456256 |
details, prediction |
Dero
DERO
|
0.80123514 |
details, prediction |
Dent
DENT
|
0.7843637 |
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
|
Bitcoin
BTC
|
-0.91573906 |
details, prediction |
Ethereum
ETH
|
-0.8903948 |
details, prediction |
Monero
XMR
|
-0.7936336 |
details, prediction |
KuCoin Shares
KCS
|
-0.7614826 |
details, prediction |
ZCash
ZEC
|
-0.7494152 |
details, prediction |
|
Second tier
|
Theta
THETA
|
-0.8525526 |
details, prediction |
Horizen
ZEN
|
-0.84502304 |
details, prediction |
Nexo
NEXO
|
-0.78872955 |
details, prediction |
0x
ZRX
|
-0.76946205 |
details, prediction |
Decentraland
MANA
|
-0.7129929 |
details, prediction |
|
Third tier
|
Enjin Coin
ENJ
|
-0.90667945 |
details, prediction |
OPEN Platform
OPEN
|
-0.87907815 |
details, prediction |
HEROcoin
PLAY
|
-0.81102276 |
details, prediction |
Bancor
BNT
|
-0.79642534 |
details, prediction |
QuarkChain
QKC
|
-0.77248484 |
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)