Highly correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
Ethereum
ETH
|
0.9425155 |
details, prediction |
Litecoin
LTC
|
0.9235628 |
details, prediction |
Bitcoin Cash
BCH
|
0.92077297 |
details, prediction |
Bitcoin
BTC
|
0.8977532 |
details, prediction |
Cardano
ADA
|
0.8774636 |
details, prediction |
|
Second tier
|
Bitcoin SV
BSV
|
0.9304821 |
details, prediction |
Decred
DCR
|
0.917553 |
details, prediction |
0x
ZRX
|
0.91445017 |
details, prediction |
Decentraland
MANA
|
0.9128118 |
details, prediction |
Bitcoin Gold
BTG
|
0.9085136 |
details, prediction |
|
Third tier
|
Hydro Protocol
HOT
|
0.985869 |
details, prediction |
SysCoin
SYS
|
0.9264662 |
details, prediction |
Gas
GAS
|
0.86118 |
details, prediction |
Ontology
ONT
|
0.84686595 |
details, prediction |
Lisk
LSK
|
0.8449217 |
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
|
-0.6007824 |
details, prediction |
TRON
TRX
|
0.054614063 |
details, prediction |
ZCash
ZEC
|
0.12169971 |
details, prediction |
Binance Coin
BNB
|
0.5683549 |
details, prediction |
Crypto.com Chain
CRO
|
0.7085188 |
details, prediction |
|
Second tier
|
Dai
DAI
|
-0.8963242 |
details, prediction |
USD//Coin
USDC
|
-0.80207217 |
details, prediction |
True USD
TUSD
|
-0.3173075 |
details, prediction |
Telcoin
TEL
|
-0.14298475 |
details, prediction |
OriginTrail
TRAC
|
-0.10515574 |
details, prediction |
|
Third tier
|
V Systems
VSYS
|
0.026712166 |
details, prediction |
Matrix AI Network
MAN
|
0.1039826 |
details, prediction |
Propy
PRO
|
0.14170176 |
details, prediction |
BABB
BAX
|
0.21564911 |
details, prediction |
OPEN Platform
OPEN
|
0.3329601 |
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)