Highly correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
Bitcoin Cash
BCH
|
0.469086 |
details, prediction |
Stellar
XLM
|
0.2523349 |
details, prediction |
TRON
TRX
|
0.19582647 |
details, prediction |
KuCoin Shares
KCS
|
0.1451698 |
details, prediction |
Cardano
ADA
|
-0.21334752 |
details, prediction |
|
Second tier
|
USD//Coin
USDC
|
0.6269353 |
details, prediction |
Dai
DAI
|
0.5603796 |
details, prediction |
True USD
TUSD
|
0.4271515 |
details, prediction |
aelf
ELF
|
0.35500202 |
details, prediction |
QTUM
QTUM
|
0.26570055 |
details, prediction |
|
Third tier
|
LAToken
LA
|
0.86045325 |
details, prediction |
NKN
NKN
|
0.5894643 |
details, prediction |
Ontology
ONT
|
0.58116627 |
details, prediction |
Gas
GAS
|
0.5026143 |
details, prediction |
SingularityNET
AGI
|
0.45024827 |
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
|
Monero
XMR
|
-0.77928793 |
details, prediction |
Bitcoin
BTC
|
-0.6065958 |
details, prediction |
Binance Coin
BNB
|
-0.59872574 |
details, prediction |
ZCash
ZEC
|
-0.47566676 |
details, prediction |
ChainLink
LINK
|
-0.46514148 |
details, prediction |
|
Second tier
|
Cosmos
ATOM
|
-0.7190018 |
details, prediction |
Synthetix Network Token
SNX
|
-0.55599636 |
details, prediction |
Theta
THETA
|
-0.52630866 |
details, prediction |
DASH
DASH
|
-0.516823 |
details, prediction |
Nexo
NEXO
|
-0.50574726 |
details, prediction |
|
Third tier
|
Bancor
BNT
|
-0.6658303 |
details, prediction |
NEM
XEM
|
-0.5752693 |
details, prediction |
Chronobank
TIME
|
-0.5655724 |
details, prediction |
Storj
STORJ
|
-0.5519202 |
details, prediction |
Komodo
KMD
|
-0.4893147 |
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)