Highly correlated currencies
Coin |
Correlation |
Links |
First tier
|
Decentraland
MANA
|
0.98179525 |
details, prediction |
IOTA
IOT
|
0.9724717 |
details, prediction |
Cosmos
ATOM
|
0.9658952 |
details, prediction |
XRP
XRP
|
0.95881283 |
details, prediction |
ZCash
ZEC
|
0.95412666 |
details, prediction |
Second tier
|
Basic Attention Token
BAT
|
0.9655934 |
details, prediction |
Fantom
FTM
|
0.9608268 |
details, prediction |
Horizen
ZEN
|
0.95585835 |
details, prediction |
IoTeX
IOTX
|
0.95460796 |
details, prediction |
Bitcoin Diamond
BCD
|
0.95444125 |
details, prediction |
Third tier
|
Stox
STX
|
0.9629494 |
details, prediction |
Kin
KIN
|
0.9578159 |
details, prediction |
Bread
BRD
|
0.954334 |
details, prediction |
Genaro Network
GNX
|
0.95235217 |
details, prediction |
Hive
HVN
|
0.9518034 |
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
|
TRON
TRX
|
-0.50530547 |
details, prediction |
Monero
XMR
|
0.5097557 |
details, prediction |
KuCoin Shares
KCS
|
0.6935221 |
details, prediction |
Huobi Token
HT
|
0.75641143 |
details, prediction |
Dogecoin
DOGE
|
0.7611993 |
details, prediction |
Second tier
|
USD//Coin
USDC
|
-0.64073986 |
details, prediction |
True USD
TUSD
|
-0.5916373 |
details, prediction |
Dai
DAI
|
-0.58343416 |
details, prediction |
Paxos Standard
PAX
|
-0.4456681 |
details, prediction |
GXShares
GXS
|
-0.40479374 |
details, prediction |
Third tier
|
Time New Bank
TNB
|
-0.91725004 |
details, prediction |
ILCoin
ILC
|
-0.6725202 |
details, prediction |
FeatherCoin
FTC
|
-0.6403414 |
details, prediction |
Envion
EVN
|
-0.6260839 |
details, prediction |
Gemini Dollar
GUSD
|
-0.51574147 |
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)