Highly correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
Bitcoin Cash
BCH
|
0.7658584 |
details, prediction |
Crypto.com Chain
CRO
|
0.7509031 |
details, prediction |
KuCoin Shares
KCS
|
0.73879284 |
details, prediction |
Litecoin
LTC
|
0.71156156 |
details, prediction |
XRP
XRP
|
0.7050635 |
details, prediction |
|
Second tier
|
Verge
XVG
|
0.792188 |
details, prediction |
Waves
WAVES
|
0.7608956 |
details, prediction |
Vechain
VET
|
0.7545858 |
details, prediction |
aelf
ELF
|
0.74603134 |
details, prediction |
Decred
DCR
|
0.74093825 |
details, prediction |
|
Third tier
|
BABB
BAX
|
0.858235 |
details, prediction |
SysCoin
SYS
|
0.8156373 |
details, prediction |
SingularityNET
AGI
|
0.8120404 |
details, prediction |
AdEx
ADX
|
0.78830886 |
details, prediction |
Dent
DENT
|
0.7754747 |
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
|
ZCash
ZEC
|
-0.64141375 |
details, prediction |
Stellar
XLM
|
-0.4504648 |
details, prediction |
TRON
TRX
|
-0.370859 |
details, prediction |
Monero
XMR
|
0.13379033 |
details, prediction |
Binance Coin
BNB
|
0.14969566 |
details, prediction |
|
Second tier
|
Telcoin
TEL
|
-0.5500587 |
details, prediction |
OriginTrail
TRAC
|
-0.38049966 |
details, prediction |
DASH
DASH
|
-0.33008543 |
details, prediction |
Dai
DAI
|
-0.1600088 |
details, prediction |
USD//Coin
USDC
|
-0.15866046 |
details, prediction |
|
Third tier
|
Chronobank
TIME
|
-0.61952186 |
details, prediction |
V Systems
VSYS
|
-0.4269972 |
details, prediction |
Enjin Coin
ENJ
|
-0.0028103269 |
details, prediction |
HEROcoin
PLAY
|
0.012257854 |
details, prediction |
OPEN Platform
OPEN
|
0.06522333 |
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)