Highly correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
Fantom
FTM
|
0.9839137 |
details, prediction |
Dogecoin
DOGE
|
0.9243012 |
details, prediction |
Ethereum Classic
ETC
|
0.79929984 |
details, prediction |
Litecoin
LTC
|
0.7893944 |
details, prediction |
Monero
XMR
|
0.782843 |
details, prediction |
|
Second tier
|
DASH
DASH
|
0.85610455 |
details, prediction |
Waves
WAVES
|
0.8222734 |
details, prediction |
Tezos
XTZ
|
0.80658036 |
details, prediction |
DigiByte
DGB
|
0.78048444 |
details, prediction |
Vechain
VET
|
0.7786984 |
details, prediction |
|
Third tier
|
Molecule
MOL
|
0.9752135 |
details, prediction |
EdenChain
EDN
|
0.9698468 |
details, prediction |
Tidex Token
TDX
|
0.96419597 |
details, prediction |
BOX Token
BOX
|
0.9618404 |
details, prediction |
SIX
SIX
|
0.9534193 |
details, prediction |
This report should be leaned to get most info about heading trends.
It means that SportyFi 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 SportyFi
Low correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
ChainLink
LINK
|
-0.3072001 |
details, prediction |
Maker
MKR
|
-0.07985173 |
details, prediction |
XRP
XRP
|
0.051407572 |
details, prediction |
Stellar
XLM
|
0.4474967 |
details, prediction |
SONM
SNM
|
0.45182016 |
details, prediction |
|
Second tier
|
Paxos Standard
PAX
|
-0.64171 |
details, prediction |
Nexo
NEXO
|
-0.5966981 |
details, prediction |
True USD
TUSD
|
-0.41620192 |
details, prediction |
Quant Network
QNT
|
-0.3868268 |
details, prediction |
Ravencoin
RVN
|
-0.3811482 |
details, prediction |
|
Third tier
|
Tycoon Global
TCT
|
-0.84970045 |
details, prediction |
Chainium
CHX
|
-0.8224159 |
details, prediction |
Gemini Dollar
GUSD
|
-0.77444965 |
details, prediction |
Darico
DEC
|
-0.773431 |
details, prediction |
CWV Chain
CWV
|
-0.67368746 |
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)