Highly correlated currencies
Coin |
Correlation |
Links |
First tier
|
Tezos
XTZ
|
0.89062285 |
details, prediction |
EOS
EOS
|
0.8841248 |
details, prediction |
XRP
XRP
|
0.8575987 |
details, prediction |
Litecoin
LTC
|
0.8414133 |
details, prediction |
IOTA
IOT
|
0.8379107 |
details, prediction |
Second tier
|
XYO Network
XYO
|
0.8971298 |
details, prediction |
Ontology
ONT
|
0.87397707 |
details, prediction |
Decred
DCR
|
0.87288827 |
details, prediction |
MonaCoin
MONA
|
0.8569119 |
details, prediction |
Dent
DENT
|
0.85383254 |
details, prediction |
Third tier
|
Pillar
PLR
|
0.9488845 |
details, prediction |
FedoraCoin
TIPS
|
0.9354425 |
details, prediction |
Lympo
LYM
|
0.92695814 |
details, prediction |
Winchain
WIN
|
0.92620355 |
details, prediction |
Eternal token
XET
|
0.92474777 |
details, prediction |
This report should be leaned to get most info about heading trends.
It means that TokenDesk 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 TokenDesk
Low correlated currencies
Coin |
Correlation |
Links |
First tier
|
Vechain
VET
|
-0.050850067 |
details, prediction |
Ethereum Classic
ETC
|
-0.016516129 |
details, prediction |
Bitcoin
BTC
|
0.38522288 |
details, prediction |
ChainLink
LINK
|
0.42725655 |
details, prediction |
Stellar
XLM
|
0.4623798 |
details, prediction |
Second tier
|
Dai
DAI
|
-0.04228494 |
details, prediction |
DigiByte
DGB
|
0.043705493 |
details, prediction |
Basic Attention Token
BAT
|
0.14821815 |
details, prediction |
Decentraland
MANA
|
0.22214855 |
details, prediction |
Horizen
ZEN
|
0.23457733 |
details, prediction |
Third tier
|
Scroll
SCRL
|
-0.80696255 |
details, prediction |
ODEM
ODEM
|
-0.66677755 |
details, prediction |
AurumCoin
AU
|
-0.6457673 |
details, prediction |
Metaverse
ETP
|
-0.63869584 |
details, prediction |
Docademic
MTC
|
-0.6146183 |
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)