Highly correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
Cardano
ADA
|
0.4311134 |
details, prediction |
Crypto.com Chain
CRO
|
0.35776132 |
details, prediction |
Bitcoin Cash
BCH
|
0.3049422 |
details, prediction |
Ethereum Classic
ETC
|
0.12191329 |
details, prediction |
Binance Coin
BNB
|
0.0014681312 |
details, prediction |
|
Second tier
|
Bitcoin Gold
BTG
|
0.63323987 |
details, prediction |
Verge
XVG
|
0.562994 |
details, prediction |
Dai
DAI
|
0.5581075 |
details, prediction |
Telcoin
TEL
|
0.5245719 |
details, prediction |
Ardor
ARDR
|
0.39418307 |
details, prediction |
|
Third tier
|
Wanchain
WAN
|
0.9639801 |
details, prediction |
Dent
DENT
|
0.7624823 |
details, prediction |
Dero
DERO
|
0.7550057 |
details, prediction |
Constellation
DAG
|
0.706786 |
details, prediction |
Propy
PRO
|
0.5195743 |
details, prediction |
This report should be leaned to get most info about heading trends.
It means that FunFair 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 FunFair
Low correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
ZCash
ZEC
|
-0.7758028 |
details, prediction |
Bitcoin
BTC
|
-0.7225758 |
details, prediction |
Ethereum
ETH
|
-0.66612166 |
details, prediction |
KuCoin Shares
KCS
|
-0.47908184 |
details, prediction |
ChainLink
LINK
|
-0.3951392 |
details, prediction |
|
Second tier
|
DASH
DASH
|
-0.63079077 |
details, prediction |
Theta
THETA
|
-0.60183626 |
details, prediction |
0x
ZRX
|
-0.55753195 |
details, prediction |
Chiliz
CHZ
|
-0.5031868 |
details, prediction |
Nexo
NEXO
|
-0.4627891 |
details, prediction |
|
Third tier
|
Enjin Coin
ENJ
|
-0.91862696 |
details, prediction |
OPEN Platform
OPEN
|
-0.86567765 |
details, prediction |
HEROcoin
PLAY
|
-0.82495457 |
details, prediction |
Metal
MTL
|
-0.72689646 |
details, prediction |
Loopring
LRC
|
-0.57271534 |
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)