Highly correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
TRON
TRX
|
0.48077676 |
details, prediction |
KuCoin Shares
KCS
|
0.4091651 |
details, prediction |
Stellar
XLM
|
0.34884518 |
details, prediction |
Bitcoin Cash
BCH
|
0.3232541 |
details, prediction |
XRP
XRP
|
0.2514786 |
details, prediction |
|
Second tier
|
Bitcoin Gold
BTG
|
0.6188135 |
details, prediction |
Crypto.com Chain
CRO
|
0.55293506 |
details, prediction |
True USD
TUSD
|
0.44270965 |
details, prediction |
Synthetix Network Token
SNX
|
0.4333418 |
details, prediction |
USD//Coin
USDC
|
0.42408076 |
details, prediction |
|
Third tier
|
Constellation
DAG
|
0.61121106 |
details, prediction |
Propy
PRO
|
0.5850819 |
details, prediction |
Achain
ACT
|
0.49409935 |
details, prediction |
Hydro Protocol
HOT
|
0.46987092 |
details, prediction |
PIVX
PIVX
|
0.3998836 |
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
|
Monero
XMR
|
-0.085757166 |
details, prediction |
Cardano
ADA
|
-0.029378437 |
details, prediction |
ZCash
ZEC
|
-0.024942398 |
details, prediction |
Binance Coin
BNB
|
8.6301455E-4 |
details, prediction |
ChainLink
LINK
|
0.071538545 |
details, prediction |
|
Second tier
|
Dai
DAI
|
-0.12269201 |
details, prediction |
Ardor
ARDR
|
-0.07606944 |
details, prediction |
Horizen
ZEN
|
-0.031725504 |
details, prediction |
DigiByte
DGB
|
6.888646E-4 |
details, prediction |
DASH
DASH
|
0.0053305323 |
details, prediction |
|
Third tier
|
NKN
NKN
|
-0.29162493 |
details, prediction |
OPEN Platform
OPEN
|
-0.27153832 |
details, prediction |
BABB
BAX
|
-0.2345751 |
details, prediction |
Metal
MTL
|
-0.18579024 |
details, prediction |
Lisk
LSK
|
-0.1590134 |
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)