Highly correlated currencies
Coin |
Correlation |
Links |
First tier
|
IOTA
IOT
|
0.7627134 |
details, prediction |
Ethereum
ETH
|
0.76140106 |
details, prediction |
Litecoin
LTC
|
0.75817823 |
details, prediction |
TRON
TRX
|
0.7574711 |
details, prediction |
Tezos
XTZ
|
0.75115067 |
details, prediction |
Second tier
|
XYO Network
XYO
|
0.82946473 |
details, prediction |
iEx.ec
RLC
|
0.79908377 |
details, prediction |
Ontology
ONT
|
0.7942755 |
details, prediction |
Cortex
CTXC
|
0.7831851 |
details, prediction |
Decred
DCR
|
0.776103 |
details, prediction |
Third tier
|
DeviantCoin
DEV
|
0.8662487 |
details, prediction |
FedoraCoin
TIPS
|
0.8463527 |
details, prediction |
Phantasma
SOUL
|
0.84408927 |
details, prediction |
Bitcoin Green
BITG
|
0.83650374 |
details, prediction |
AMLT Token
AMLT
|
0.82935697 |
details, prediction |
This report should be leaned to get most info about heading trends.
It means that The Cypherfunks 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 The Cypherfunks
Low correlated currencies
Coin |
Correlation |
Links |
First tier
|
Binance Coin
BNB
|
0.1794337 |
details, prediction |
Ethereum Classic
ETC
|
0.29783246 |
details, prediction |
Bitcoin
BTC
|
0.5230654 |
details, prediction |
KuCoin Shares
KCS
|
0.5399385 |
details, prediction |
Stellar
XLM
|
0.5567054 |
details, prediction |
Second tier
|
Dai
DAI
|
-0.093356654 |
details, prediction |
DigiByte
DGB
|
0.18124688 |
details, prediction |
Huobi Token
HT
|
0.2523889 |
details, prediction |
Decentraland
MANA
|
0.3623124 |
details, prediction |
Basic Attention Token
BAT
|
0.400098 |
details, prediction |
Third tier
|
ODEM
ODEM
|
-0.7349601 |
details, prediction |
GoChain
GO
|
-0.46668443 |
details, prediction |
Docademic
MTC
|
-0.41953814 |
details, prediction |
Metaverse
ETP
|
-0.4191177 |
details, prediction |
WeAreSatoshi
WSX
|
-0.4190516 |
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)