Highly correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
TRON
TRX
|
0.61207247 |
details, prediction |
XRP
XRP
|
0.59996045 |
details, prediction |
Cardano
ADA
|
0.58995175 |
details, prediction |
Maker
MKR
|
0.5779467 |
details, prediction |
SONM
SNM
|
0.57562417 |
details, prediction |
|
Second tier
|
Verge
XVG
|
0.6593491 |
details, prediction |
Quant Network
QNT
|
0.6545128 |
details, prediction |
Vechain
VET
|
0.6356899 |
details, prediction |
Nano
NANO
|
0.6218406 |
details, prediction |
Decred
DCR
|
0.6170359 |
details, prediction |
|
Third tier
|
Kambria
KAT
|
0.77500296 |
details, prediction |
Credit Tag Chain
CTC
|
0.7721559 |
details, prediction |
Synereo
AMP
|
0.7101605 |
details, prediction |
Lambda
LAMB
|
0.7037231 |
details, prediction |
Solve.Care
SOLVE
|
0.7035413 |
details, prediction |
This report should be leaned to get most info about heading trends.
It means that FuzeX 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 FuzeX
Low correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
UNUS SED LEO
LEO
|
-0.23104063 |
details, prediction |
KuCoin Shares
KCS
|
0.056710944 |
details, prediction |
ChainLink
LINK
|
0.28011218 |
details, prediction |
Crypto.com Chain
CRO
|
0.3692378 |
details, prediction |
Ethereum
ETH
|
0.43060917 |
details, prediction |
|
Second tier
|
BORA
BORA
|
-0.47780514 |
details, prediction |
Dai
DAI
|
-0.46665037 |
details, prediction |
USD//Coin
USDC
|
-0.3966829 |
details, prediction |
True USD
TUSD
|
-0.39647317 |
details, prediction |
Paxos Standard
PAX
|
-0.34430552 |
details, prediction |
|
Third tier
|
Airbloc
ABL
|
-0.53540623 |
details, prediction |
Docademic
MTC
|
-0.49580824 |
details, prediction |
BitDice
CSNO
|
-0.48316363 |
details, prediction |
Numerai
NMR
|
-0.47004732 |
details, prediction |
Tycoon Global
TCT
|
-0.42995128 |
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)