Highly correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
UNUS SED LEO
LEO
|
0.63962847 |
details, prediction |
Bitcoin
BTC
|
0.6265598 |
details, prediction |
ChainLink
LINK
|
0.57949835 |
details, prediction |
Ethereum
ETH
|
0.55785376 |
details, prediction |
Monero
XMR
|
0.46678036 |
details, prediction |
|
Second tier
|
0x
ZRX
|
0.64802647 |
details, prediction |
Theta
THETA
|
0.5060845 |
details, prediction |
Nexo
NEXO
|
0.46517217 |
details, prediction |
Cosmos
ATOM
|
0.42806172 |
details, prediction |
Chiliz
CHZ
|
0.41055295 |
details, prediction |
|
Third tier
|
Hydro Protocol
HOT
|
0.9892136 |
details, prediction |
Kambria
KAT
|
0.69700193 |
details, prediction |
OPEN Platform
OPEN
|
0.59904724 |
details, prediction |
Bancor
BNT
|
0.5222998 |
details, prediction |
Enjin Coin
ENJ
|
0.506707 |
details, prediction |
This report should be leaned to get most info about heading trends.
It means that HoloToken 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 HoloToken
Low correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
Bitcoin Cash
BCH
|
-0.18709122 |
details, prediction |
Cardano
ADA
|
0.08259196 |
details, prediction |
TRON
TRX
|
0.12195352 |
details, prediction |
Crypto.com Chain
CRO
|
0.124221765 |
details, prediction |
Ethereum Classic
ETC
|
0.14950466 |
details, prediction |
|
Second tier
|
Dai
DAI
|
-0.63332504 |
details, prediction |
USD//Coin
USDC
|
-0.43526167 |
details, prediction |
Verge
XVG
|
-0.42050922 |
details, prediction |
Waves
WAVES
|
-0.20202245 |
details, prediction |
Siacoin
SC
|
-0.1659697 |
details, prediction |
|
Third tier
|
BABB
BAX
|
-0.40246823 |
details, prediction |
Dero
DERO
|
-0.3717966 |
details, prediction |
Dent
DENT
|
-0.33850086 |
details, prediction |
Gas
GAS
|
-0.25344542 |
details, prediction |
Wanchain
WAN
|
-0.24372044 |
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)