Highly correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
Stellar
XLM
|
0.93728286 |
details, prediction |
Ethereum Classic
ETC
|
0.9249973 |
details, prediction |
Bitcoin Cash
BCH
|
0.9092888 |
details, prediction |
ZCash
ZEC
|
0.90470695 |
details, prediction |
Litecoin
LTC
|
0.8989173 |
details, prediction |
|
Second tier
|
Basic Attention Token
BAT
|
0.9498346 |
details, prediction |
FTX Token
FTT
|
0.9452236 |
details, prediction |
DASH
DASH
|
0.94404036 |
details, prediction |
iEx.ec
RLC
|
0.9384744 |
details, prediction |
Decentraland
MANA
|
0.9218695 |
details, prediction |
|
Third tier
|
Enjin Coin
ENJ
|
0.9427428 |
details, prediction |
Metal
MTL
|
0.93718064 |
details, prediction |
Electroneum
ETN
|
0.93701273 |
details, prediction |
Kyber Network
KNC
|
0.93684 |
details, prediction |
Civic
CVC
|
0.9312209 |
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
|
-0.53031546 |
details, prediction |
UNUS SED LEO
LEO
|
0.0317523 |
details, prediction |
Binance Coin
BNB
|
0.5003832 |
details, prediction |
Dogecoin
DOGE
|
0.60343635 |
details, prediction |
XRP
XRP
|
0.7224187 |
details, prediction |
|
Second tier
|
Decred
DCR
|
-0.5213339 |
details, prediction |
Dai
DAI
|
-0.47313097 |
details, prediction |
True USD
TUSD
|
0.12092642 |
details, prediction |
Verge
XVG
|
0.31403783 |
details, prediction |
Nexo
NEXO
|
0.53941 |
details, prediction |
|
Third tier
|
Dent
DENT
|
-0.22820865 |
details, prediction |
Ontology
ONT
|
0.06130386 |
details, prediction |
HEROcoin
PLAY
|
0.068382494 |
details, prediction |
Dero
DERO
|
0.1629298 |
details, prediction |
Propy
PRO
|
0.17292222 |
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)