ThoreNext price prediction

Our price prediction is based on hi-resolution deal analysis from cryptocurrency exchanges. We are collecting and gather statistics to obtain price support levels that show most important zones witch traders want to buy or sell stocks. These buy/sell histograms showed in report combined with current trend analysis can be used to build high probability forecasting of future price trends. It also can be useful to set a price on calculated levels to be sure maximum profit was received.

Disclaimer
Cryptocurrency trading involves substantial risk of loss and is not suitable for every investor. All trading strategies are used at your own risk. This page performs statistical analysis of past data and can be used for assumptions about the future only taking into account the statistical probability

Read more detailed info about this tool

Insufficient data

Unfortunately, at the moment the amount of data on deals with ThoreNext is not enough to build a model.
Perhaps with an increase in the volume of transactions for this currency, we will be able to show this report later.
Highly correlated currencies
Coin Correlation Links
First tier
0.6324957 details, prediction
0.43627855 details, prediction
0.3956297 details, prediction
0.26536962 details, prediction
0.25734705 details, prediction
Second tier
0.7142916 details, prediction
0.7102682 details, prediction
0.68838435 details, prediction
0.67880476 details, prediction
0.6207565 details, prediction
Third tier
0.90232295 details, prediction
0.882834 details, prediction
0.82860076 details, prediction
0.81997806 details, prediction
0.7878292 details, prediction


This report should be leaned to get most info about heading trends. It means that ThoreNext 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 ThoreNext
Low correlated currencies
Coin Correlation Links
First tier
-0.6410394 details, prediction
-0.60068583 details, prediction
-0.5851508 details, prediction
-0.48359814 details, prediction
-0.47345373 details, prediction
Second tier
-0.8452319 details, prediction
-0.7855085 details, prediction
-0.7775166 details, prediction
-0.7536693 details, prediction
-0.74881697 details, prediction
Third tier
-0.8890527 details, prediction
-0.88628817 details, prediction
-0.8777107 details, prediction
-0.86369383 details, prediction
-0.8626194 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)