Highly correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
TRON
TRX
|
0.42497975 |
details, prediction |
Stellar
XLM
|
0.39034963 |
details, prediction |
KuCoin Shares
KCS
|
0.32576594 |
details, prediction |
Ethereum Classic
ETC
|
0.1808484 |
details, prediction |
XRP
XRP
|
0.16070849 |
details, prediction |
|
Second tier
|
Telcoin
TEL
|
0.6634026 |
details, prediction |
True USD
TUSD
|
0.5909033 |
details, prediction |
USD//Coin
USDC
|
0.56158227 |
details, prediction |
Chiliz
CHZ
|
0.5175281 |
details, prediction |
Synthetix Network Token
SNX
|
0.47475988 |
details, prediction |
|
Third tier
|
PIVX
PIVX
|
0.7801212 |
details, prediction |
Constellation
DAG
|
0.66071755 |
details, prediction |
Propy
PRO
|
0.593671 |
details, prediction |
Storj
STORJ
|
0.5253622 |
details, prediction |
Achain
ACT
|
0.43783325 |
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
|
-0.23210585 |
details, prediction |
Cardano
ADA
|
-0.21096145 |
details, prediction |
ZCash
ZEC
|
-0.12239483 |
details, prediction |
Binance Coin
BNB
|
-0.121082276 |
details, prediction |
ChainLink
LINK
|
-0.0529909 |
details, prediction |
|
Second tier
|
DigiByte
DGB
|
-0.2721458 |
details, prediction |
Bitcoin SV
BSV
|
-0.097664855 |
details, prediction |
Horizen
ZEN
|
-0.09571885 |
details, prediction |
Decred
DCR
|
-0.09498983 |
details, prediction |
Vechain
VET
|
-0.059680976 |
details, prediction |
|
Third tier
|
NKN
NKN
|
-0.34497574 |
details, prediction |
Lisk
LSK
|
-0.21108913 |
details, prediction |
OPEN Platform
OPEN
|
-0.2108933 |
details, prediction |
IoTeX
IOTX
|
-0.13371392 |
details, prediction |
Metal
MTL
|
-0.11777911 |
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)