Highly correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
Litecoin
LTC
|
0.8251755 |
details, prediction |
XRP
XRP
|
0.7187685 |
details, prediction |
Ethereum
ETH
|
0.6486826 |
details, prediction |
KuCoin Shares
KCS
|
0.57198733 |
details, prediction |
ChainLink
LINK
|
0.47187337 |
details, prediction |
|
Second tier
|
Nexo
NEXO
|
0.8275895 |
details, prediction |
Status
SNT
|
0.7954705 |
details, prediction |
0x
ZRX
|
0.7645507 |
details, prediction |
Tezos
XTZ
|
0.7166611 |
details, prediction |
aelf
ELF
|
0.70447654 |
details, prediction |
|
Third tier
|
Hydro Protocol
HOT
|
0.9935103 |
details, prediction |
Kambria
KAT
|
0.73292744 |
details, prediction |
Lisk
LSK
|
0.7201454 |
details, prediction |
QuarkChain
QKC
|
0.69301116 |
details, prediction |
LAToken
LA
|
0.6889802 |
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
|
UNUS SED LEO
LEO
|
-0.58707666 |
details, prediction |
TRON
TRX
|
-0.30360526 |
details, prediction |
ZCash
ZEC
|
-0.106991254 |
details, prediction |
Stellar
XLM
|
0.17846563 |
details, prediction |
Binance Coin
BNB
|
0.19747935 |
details, prediction |
|
Second tier
|
Dai
DAI
|
-0.7584196 |
details, prediction |
USD//Coin
USDC
|
-0.57964295 |
details, prediction |
OriginTrail
TRAC
|
-0.55596346 |
details, prediction |
Telcoin
TEL
|
-0.45134175 |
details, prediction |
Verge
XVG
|
-0.07139193 |
details, prediction |
|
Third tier
|
Constellation
DAG
|
-0.49947917 |
details, prediction |
Loopring
LRC
|
-0.29301786 |
details, prediction |
Dero
DERO
|
-0.24795252 |
details, prediction |
FunFair
FUN
|
-0.23879397 |
details, prediction |
Komodo
KMD
|
-0.13712977 |
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)