Highly correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
KuCoin Shares
KCS
|
0.6830235 |
details, prediction |
Bitcoin Cash
BCH
|
0.6776736 |
details, prediction |
Ethereum
ETH
|
0.6420919 |
details, prediction |
Litecoin
LTC
|
0.6188857 |
details, prediction |
Crypto.com Chain
CRO
|
0.615878 |
details, prediction |
|
Second tier
|
Vechain
VET
|
0.6600584 |
details, prediction |
Verge
XVG
|
0.6548638 |
details, prediction |
aelf
ELF
|
0.6492501 |
details, prediction |
Bitcoin SV
BSV
|
0.6418932 |
details, prediction |
QTUM
QTUM
|
0.6347335 |
details, prediction |
|
Third tier
|
FunFair
FUN
|
0.864992 |
details, prediction |
SysCoin
SYS
|
0.78968614 |
details, prediction |
Ontology
ONT
|
0.7557598 |
details, prediction |
AdEx
ADX
|
0.7045048 |
details, prediction |
Dent
DENT
|
0.699822 |
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
|
-0.5372592 |
details, prediction |
Stellar
XLM
|
-0.40710273 |
details, prediction |
TRON
TRX
|
-0.31040144 |
details, prediction |
Binance Coin
BNB
|
0.09000022 |
details, prediction |
Monero
XMR
|
0.1925729 |
details, prediction |
|
Second tier
|
Telcoin
TEL
|
-0.511285 |
details, prediction |
OriginTrail
TRAC
|
-0.33157533 |
details, prediction |
Dai
DAI
|
-0.29648265 |
details, prediction |
USD//Coin
USDC
|
-0.27184567 |
details, prediction |
DASH
DASH
|
-0.24761565 |
details, prediction |
|
Third tier
|
Chronobank
TIME
|
-0.7453308 |
details, prediction |
V Systems
VSYS
|
-0.41503167 |
details, prediction |
HEROcoin
PLAY
|
0.06969687 |
details, prediction |
Dero
DERO
|
0.11743912 |
details, prediction |
Enjin Coin
ENJ
|
0.1307735 |
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)