Highly correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
Ethereum
ETH
|
0.32313183 |
details, prediction |
ZCash
ZEC
|
0.31210935 |
details, prediction |
ChainLink
LINK
|
0.276712 |
details, prediction |
TRON
TRX
|
0.21189982 |
details, prediction |
Litecoin
LTC
|
0.1995729 |
details, prediction |
|
Second tier
|
USD//Coin
USDC
|
0.6037642 |
details, prediction |
True USD
TUSD
|
0.58788985 |
details, prediction |
HoloToken
HOT
|
0.40557012 |
details, prediction |
Bitcoin SV
BSV
|
0.21347685 |
details, prediction |
Dai
DAI
|
0.18894471 |
details, prediction |
|
Third tier
|
Propy
PRO
|
0.5568761 |
details, prediction |
Hydro Protocol
HOT
|
0.48711857 |
details, prediction |
Matrix AI Network
MAN
|
0.42365682 |
details, prediction |
V Systems
VSYS
|
0.19869518 |
details, prediction |
Constellation
DAG
|
0.18534523 |
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
|
Cardano
ADA
|
-0.18000603 |
details, prediction |
Dogecoin
DOGE
|
-0.15501238 |
details, prediction |
Binance Coin
BNB
|
-0.11650645 |
details, prediction |
Monero
XMR
|
-0.028245829 |
details, prediction |
Ethereum Classic
ETC
|
-0.011784732 |
details, prediction |
|
Second tier
|
Ardor
ARDR
|
-0.3494385 |
details, prediction |
Chiliz
CHZ
|
-0.22266214 |
details, prediction |
Algorand
ALGO
|
-0.20288078 |
details, prediction |
Verge
XVG
|
-0.19650304 |
details, prediction |
iEx.ec
RLC
|
-0.18246974 |
details, prediction |
|
Third tier
|
Dero
DERO
|
-0.47728872 |
details, prediction |
HEROcoin
PLAY
|
-0.33394137 |
details, prediction |
IoTeX
IOTX
|
-0.31550264 |
details, prediction |
Dent
DENT
|
-0.29705888 |
details, prediction |
Achain
ACT
|
-0.28011942 |
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)