Highly correlated currencies
Coin |
Correlation |
Links |
First tier
|
TRON
TRX
|
0.9448535 |
details, prediction |
0x
ZRX
|
0.93035215 |
details, prediction |
Algorand
ALGO
|
0.9232696 |
details, prediction |
IOTA
IOT
|
0.91976994 |
details, prediction |
Cosmos
ATOM
|
0.9172786 |
details, prediction |
Second tier
|
QTUM
QTUM
|
0.95000863 |
details, prediction |
BitTorrent
BTT
|
0.93996364 |
details, prediction |
Telcoin
TEL
|
0.93915063 |
details, prediction |
OriginTrail
TRAC
|
0.9261236 |
details, prediction |
Wanchain
WAN
|
0.9172141 |
details, prediction |
Third tier
|
ByteCoin
BCN
|
0.9697697 |
details, prediction |
Dragonchain
DRGN
|
0.96662533 |
details, prediction |
Measurable Data Token
MDT
|
0.96591526 |
details, prediction |
GoChain
GO
|
0.9477063 |
details, prediction |
Propy
PRO
|
0.94673705 |
details, prediction |
This report should be leaned to get most info about heading trends.
It means that Odyssey 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 Odyssey
Low correlated currencies
Coin |
Correlation |
Links |
First tier
|
XRP
XRP
|
0.3894707 |
details, prediction |
Bitcoin SV
BSV
|
0.6254469 |
details, prediction |
UNUS SED LEO
LEO
|
0.6304886 |
details, prediction |
Crypto.com Chain
CRO
|
0.65825623 |
details, prediction |
Fantom
FTM
|
0.6938632 |
details, prediction |
Second tier
|
GlitzKoin
GTN
|
-0.38502666 |
details, prediction |
DxChain
DX
|
-0.2894284 |
details, prediction |
Dai
DAI
|
-0.044652134 |
details, prediction |
True USD
TUSD
|
0.0132028675 |
details, prediction |
USD//Coin
USDC
|
0.03402013 |
details, prediction |
Third tier
|
Kleros
PNK
|
-0.7333738 |
details, prediction |
CryptoPay
CPAY
|
-0.7288744 |
details, prediction |
VIBEHub
VIBE
|
-0.6825983 |
details, prediction |
Dragon Coin
DRG
|
-0.5862313 |
details, prediction |
Waves Community Token
WCT
|
-0.5262074 |
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)