Highly correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
Bitcoin Cash
BCH
|
0.6162652 |
details, prediction |
Cardano
ADA
|
0.4406928 |
details, prediction |
Crypto.com Chain
CRO
|
0.40596038 |
details, prediction |
Ethereum Classic
ETC
|
0.06144168 |
details, prediction |
Stellar
XLM
|
-0.015634384 |
details, prediction |
|
Second tier
|
Bitcoin Gold
BTG
|
0.63323987 |
details, prediction |
Verge
XVG
|
0.5877882 |
details, prediction |
Telcoin
TEL
|
0.563465 |
details, prediction |
Dai
DAI
|
0.5419914 |
details, prediction |
Ardor
ARDR
|
0.45080647 |
details, prediction |
|
Third tier
|
Wanchain
WAN
|
0.9634904 |
details, prediction |
Dent
DENT
|
0.80623657 |
details, prediction |
Dero
DERO
|
0.8049685 |
details, prediction |
Constellation
DAG
|
0.706786 |
details, prediction |
Elastos
ELA
|
0.66895986 |
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
|
-0.8063148 |
details, prediction |
Ethereum
ETH
|
-0.80071616 |
details, prediction |
ZCash
ZEC
|
-0.7730383 |
details, prediction |
KuCoin Shares
KCS
|
-0.5362213 |
details, prediction |
Monero
XMR
|
-0.42754343 |
details, prediction |
|
Second tier
|
Theta
THETA
|
-0.7802327 |
details, prediction |
DASH
DASH
|
-0.6734867 |
details, prediction |
0x
ZRX
|
-0.6443095 |
details, prediction |
Chiliz
CHZ
|
-0.60940254 |
details, prediction |
Nexo
NEXO
|
-0.6020155 |
details, prediction |
|
Third tier
|
Enjin Coin
ENJ
|
-0.9190027 |
details, prediction |
OPEN Platform
OPEN
|
-0.8678218 |
details, prediction |
HEROcoin
PLAY
|
-0.82495457 |
details, prediction |
Metal
MTL
|
-0.7427789 |
details, prediction |
ICON
ICX
|
-0.68288714 |
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)