Highly correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
Litecoin
LTC
|
0.7578331 |
details, prediction |
Ethereum
ETH
|
0.73471373 |
details, prediction |
Bitcoin
BTC
|
0.7133328 |
details, prediction |
ZCash
ZEC
|
0.7013921 |
details, prediction |
ChainLink
LINK
|
0.6531608 |
details, prediction |
|
Second tier
|
Bitcoin SV
BSV
|
0.72507936 |
details, prediction |
Decred
DCR
|
0.6752904 |
details, prediction |
0x
ZRX
|
0.64527905 |
details, prediction |
Bitcoin Gold
BTG
|
0.63601947 |
details, prediction |
Vechain
VET
|
0.61544263 |
details, prediction |
|
Third tier
|
Hydro Protocol
HOT
|
0.94963896 |
details, prediction |
SysCoin
SYS
|
0.75433934 |
details, prediction |
Dero
DERO
|
0.7321187 |
details, prediction |
Bancor
BNT
|
0.7177163 |
details, prediction |
Achain
ACT
|
0.6663426 |
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
|
Stellar
XLM
|
0.035780683 |
details, prediction |
Dogecoin
DOGE
|
0.21359454 |
details, prediction |
Ethereum Classic
ETC
|
0.3825696 |
details, prediction |
KuCoin Shares
KCS
|
0.41521463 |
details, prediction |
Monero
XMR
|
0.52564746 |
details, prediction |
|
Second tier
|
Dai
DAI
|
-0.60069996 |
details, prediction |
Ardor
ARDR
|
-0.26396194 |
details, prediction |
Telcoin
TEL
|
-0.2619953 |
details, prediction |
Waves
WAVES
|
-0.21460988 |
details, prediction |
Cosmos
ATOM
|
-0.19300264 |
details, prediction |
|
Third tier
|
OPEN Platform
OPEN
|
-0.541901 |
details, prediction |
BABB
BAX
|
-0.46495253 |
details, prediction |
ICON
ICX
|
-0.40604457 |
details, prediction |
Matrix AI Network
MAN
|
-0.3371028 |
details, prediction |
Electroneum
ETN
|
-0.2843618 |
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)