Highly correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
Crypto.com Chain
CRO
|
0.65670484 |
details, prediction |
TRON
TRX
|
0.6219794 |
details, prediction |
Bitcoin Cash
BCH
|
0.33742613 |
details, prediction |
Cardano
ADA
|
0.2426977 |
details, prediction |
Ethereum Classic
ETC
|
-0.0039077294 |
details, prediction |
|
Second tier
|
Dai
DAI
|
0.91994846 |
details, prediction |
USD//Coin
USDC
|
0.8716929 |
details, prediction |
Telcoin
TEL
|
0.7631348 |
details, prediction |
Algorand
ALGO
|
0.72012615 |
details, prediction |
Bitcoin Gold
BTG
|
0.6671531 |
details, prediction |
|
Third tier
|
Wanchain
WAN
|
0.9677639 |
details, prediction |
Constellation
DAG
|
0.9082336 |
details, prediction |
Dero
DERO
|
0.8858874 |
details, prediction |
Phantasma
SOUL
|
0.864992 |
details, prediction |
V Systems
VSYS
|
0.8422683 |
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
|
Bitcoin
BTC
|
-0.91581476 |
details, prediction |
Ethereum
ETH
|
-0.9060235 |
details, prediction |
KuCoin Shares
KCS
|
-0.7880194 |
details, prediction |
Monero
XMR
|
-0.778154 |
details, prediction |
XRP
XRP
|
-0.7587911 |
details, prediction |
|
Second tier
|
Nexo
NEXO
|
-0.88889503 |
details, prediction |
Horizen
ZEN
|
-0.86729765 |
details, prediction |
DigiByte
DGB
|
-0.83645195 |
details, prediction |
Theta
THETA
|
-0.82728374 |
details, prediction |
0x
ZRX
|
-0.7273069 |
details, prediction |
|
Third tier
|
OPEN Platform
OPEN
|
-0.90978616 |
details, prediction |
Enjin Coin
ENJ
|
-0.8840212 |
details, prediction |
NEM
XEM
|
-0.8374956 |
details, prediction |
Storj
STORJ
|
-0.8159126 |
details, prediction |
QuarkChain
QKC
|
-0.797875 |
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)