Highly correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
Ethereum Classic
ETC
|
0.92303735 |
details, prediction |
ZCash
ZEC
|
0.89903855 |
details, prediction |
Crypto.com Chain
CRO
|
0.88851637 |
details, prediction |
Cardano
ADA
|
0.8877641 |
details, prediction |
KuCoin Shares
KCS
|
0.8803494 |
details, prediction |
|
Second tier
|
Decentraland
MANA
|
0.9712947 |
details, prediction |
Basic Attention Token
BAT
|
0.9710333 |
details, prediction |
iEx.ec
RLC
|
0.96632665 |
details, prediction |
Status
SNT
|
0.9634301 |
details, prediction |
Horizen
ZEN
|
0.95837873 |
details, prediction |
|
Third tier
|
PIVX
PIVX
|
0.9773332 |
details, prediction |
Civic
CVC
|
0.96797365 |
details, prediction |
Metal
MTL
|
0.96562433 |
details, prediction |
Power Ledger
POWR
|
0.96401304 |
details, prediction |
SwftCoin
SWFTC
|
0.9609117 |
details, prediction |
This report should be leaned to get most info about heading trends.
It means that FTX Token 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 FTX Token
Low correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
TRON
TRX
|
-0.6015866 |
details, prediction |
UNUS SED LEO
LEO
|
0.10427458 |
details, prediction |
Binance Coin
BNB
|
0.524981 |
details, prediction |
Dogecoin
DOGE
|
0.66582394 |
details, prediction |
XRP
XRP
|
0.728456 |
details, prediction |
|
Second tier
|
Decred
DCR
|
-0.44256052 |
details, prediction |
Dai
DAI
|
-0.390112 |
details, prediction |
True USD
TUSD
|
0.24620847 |
details, prediction |
Verge
XVG
|
0.39128447 |
details, prediction |
Nexo
NEXO
|
0.44893178 |
details, prediction |
|
Third tier
|
Dent
DENT
|
-0.22541963 |
details, prediction |
Ontology
ONT
|
-0.03681758 |
details, prediction |
Propy
PRO
|
0.1414175 |
details, prediction |
HEROcoin
PLAY
|
0.16361362 |
details, prediction |
BABB
BAX
|
0.24866137 |
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)