Highly correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
Bitcoin Cash
BCH
|
0.885669 |
details, prediction |
Litecoin
LTC
|
0.76747257 |
details, prediction |
KuCoin Shares
KCS
|
0.76628345 |
details, prediction |
Cardano
ADA
|
0.73488635 |
details, prediction |
Ethereum
ETH
|
0.7010888 |
details, prediction |
|
Second tier
|
aelf
ELF
|
0.87223506 |
details, prediction |
Waves
WAVES
|
0.8322854 |
details, prediction |
Ravencoin
RVN
|
0.829719 |
details, prediction |
Vechain
VET
|
0.82570857 |
details, prediction |
Status
SNT
|
0.80168986 |
details, prediction |
|
Third tier
|
LAToken
LA
|
0.9625753 |
details, prediction |
SysCoin
SYS
|
0.8831795 |
details, prediction |
SingularityNET
AGI
|
0.8830767 |
details, prediction |
Gas
GAS
|
0.87117386 |
details, prediction |
Steem
STEEM
|
0.8443576 |
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
|
ZCash
ZEC
|
-0.6884403 |
details, prediction |
Stellar
XLM
|
-0.54719096 |
details, prediction |
TRON
TRX
|
-0.23963672 |
details, prediction |
Binance Coin
BNB
|
-0.15058629 |
details, prediction |
Monero
XMR
|
-0.09061316 |
details, prediction |
|
Second tier
|
OriginTrail
TRAC
|
-0.74308985 |
details, prediction |
Telcoin
TEL
|
-0.6272724 |
details, prediction |
DASH
DASH
|
-0.4745279 |
details, prediction |
Cosmos
ATOM
|
-0.33088654 |
details, prediction |
Dai
DAI
|
-0.08078125 |
details, prediction |
|
Third tier
|
Loopring
LRC
|
-0.8262409 |
details, prediction |
Chronobank
TIME
|
-0.74179566 |
details, prediction |
Komodo
KMD
|
-0.4893147 |
details, prediction |
V Systems
VSYS
|
-0.3286392 |
details, prediction |
HEROcoin
PLAY
|
-0.18568227 |
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)