Highly correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
Ethereum
ETH
|
0.48992035 |
details, prediction |
ChainLink
LINK
|
0.41998178 |
details, prediction |
Monero
XMR
|
0.32623726 |
details, prediction |
Litecoin
LTC
|
0.32264438 |
details, prediction |
Bitcoin
BTC
|
0.29556873 |
details, prediction |
|
Second tier
|
True USD
TUSD
|
0.4800914 |
details, prediction |
HoloToken
HOT
|
0.47116703 |
details, prediction |
Bitcoin SV
BSV
|
0.4355415 |
details, prediction |
DigiByte
DGB
|
0.41283685 |
details, prediction |
Bitcoin Gold
BTG
|
0.33963603 |
details, prediction |
|
Third tier
|
SysCoin
SYS
|
0.6162422 |
details, prediction |
Propy
PRO
|
0.57204074 |
details, prediction |
Hydro Protocol
HOT
|
0.5375947 |
details, prediction |
NKN
NKN
|
0.42765233 |
details, prediction |
Matrix AI Network
MAN
|
0.33079708 |
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
|
Stellar
XLM
|
-0.22912191 |
details, prediction |
Dogecoin
DOGE
|
-0.13778329 |
details, prediction |
Ethereum Classic
ETC
|
-0.07343333 |
details, prediction |
Binance Coin
BNB
|
-0.0559109 |
details, prediction |
Crypto.com Chain
CRO
|
-0.02037932 |
details, prediction |
|
Second tier
|
Telcoin
TEL
|
-0.568184 |
details, prediction |
Dai
DAI
|
-0.5490164 |
details, prediction |
OriginTrail
TRAC
|
-0.41298655 |
details, prediction |
FTX Token
FTT
|
-0.29593536 |
details, prediction |
Basic Attention Token
BAT
|
-0.21949539 |
details, prediction |
|
Third tier
|
Dero
DERO
|
-0.28350055 |
details, prediction |
Stox
STX
|
-0.2448645 |
details, prediction |
Elastos
ELA
|
-0.22273307 |
details, prediction |
BABB
BAX
|
-0.21290344 |
details, prediction |
HEROcoin
PLAY
|
-0.19513877 |
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)