Highly correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
Ethereum Classic
ETC
|
0.7265936 |
details, prediction |
KuCoin Shares
KCS
|
0.71123064 |
details, prediction |
Bitcoin Cash
BCH
|
0.6951406 |
details, prediction |
Binance Coin
BNB
|
0.6345547 |
details, prediction |
Cardano
ADA
|
0.60257894 |
details, prediction |
|
Second tier
|
FTX Token
FTT
|
0.78437847 |
details, prediction |
aelf
ELF
|
0.7358138 |
details, prediction |
QTUM
QTUM
|
0.73492545 |
details, prediction |
Basic Attention Token
BAT
|
0.72345835 |
details, prediction |
Waves
WAVES
|
0.6891732 |
details, prediction |
|
Third tier
|
PIVX
PIVX
|
0.7417367 |
details, prediction |
Electroneum
ETN
|
0.73035693 |
details, prediction |
SingularityNET
AGI
|
0.69884753 |
details, prediction |
Kyber Network
KNC
|
0.69234604 |
details, prediction |
Internet of Services
IOST
|
0.6757153 |
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
|
-0.11245685 |
details, prediction |
ZCash
ZEC
|
0.08731139 |
details, prediction |
Bitcoin
BTC
|
0.19300956 |
details, prediction |
Monero
XMR
|
0.36056122 |
details, prediction |
Ethereum
ETH
|
0.38516578 |
details, prediction |
|
Second tier
|
Decred
DCR
|
-0.44068098 |
details, prediction |
Nexo
NEXO
|
-0.42346814 |
details, prediction |
HoloToken
HOT
|
-0.14329594 |
details, prediction |
Chiliz
CHZ
|
0.14722316 |
details, prediction |
Bitcoin SV
BSV
|
0.15250027 |
details, prediction |
|
Third tier
|
Kambria
KAT
|
-0.5687017 |
details, prediction |
OPEN Platform
OPEN
|
-0.3922819 |
details, prediction |
Propy
PRO
|
-0.36734536 |
details, prediction |
Enjin Coin
ENJ
|
-0.32665303 |
details, prediction |
Hydro Protocol
HOT
|
-0.08741541 |
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)