Highly correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
Litecoin
LTC
|
0.4295056 |
details, prediction |
Bitcoin
BTC
|
0.37862104 |
details, prediction |
XRP
XRP
|
0.37777254 |
details, prediction |
Ethereum
ETH
|
0.3755387 |
details, prediction |
ZCash
ZEC
|
0.36881995 |
details, prediction |
|
Second tier
|
HoloToken
HOT
|
0.55571663 |
details, prediction |
True USD
TUSD
|
0.46388176 |
details, prediction |
USD//Coin
USDC
|
0.46382824 |
details, prediction |
0x
ZRX
|
0.39286596 |
details, prediction |
Decentraland
MANA
|
0.362542 |
details, prediction |
|
Third tier
|
Achain
ACT
|
0.63220644 |
details, prediction |
Hydro Protocol
HOT
|
0.61990666 |
details, prediction |
Propy
PRO
|
0.56133115 |
details, prediction |
Constellation
DAG
|
0.41865957 |
details, prediction |
Bancor
BNT
|
0.40016738 |
details, prediction |
This report should be leaned to get most info about heading trends.
It means that Phantasma 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 Phantasma
Low correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
Cardano
ADA
|
0.04158787 |
details, prediction |
Dogecoin
DOGE
|
0.05875584 |
details, prediction |
Stellar
XLM
|
0.13042805 |
details, prediction |
Monero
XMR
|
0.13975592 |
details, prediction |
Binance Coin
BNB
|
0.15995663 |
details, prediction |
|
Second tier
|
Ardor
ARDR
|
-0.2877509 |
details, prediction |
Chiliz
CHZ
|
-0.20405333 |
details, prediction |
FTX Token
FTT
|
-0.104482256 |
details, prediction |
iEx.ec
RLC
|
-0.10271109 |
details, prediction |
Algorand
ALGO
|
-0.08731142 |
details, prediction |
|
Third tier
|
Dero
DERO
|
-0.5164882 |
details, prediction |
HEROcoin
PLAY
|
-0.33985087 |
details, prediction |
OPEN Platform
OPEN
|
-0.2942625 |
details, prediction |
IoTeX
IOTX
|
-0.24963798 |
details, prediction |
BABB
BAX
|
-0.21624875 |
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)