Highly correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
Cardano
ADA
|
0.8844883 |
details, prediction |
Ethereum Classic
ETC
|
0.87117326 |
details, prediction |
Crypto.com Chain
CRO
|
0.85841304 |
details, prediction |
Monero
XMR
|
0.8504881 |
details, prediction |
Litecoin
LTC
|
0.84375453 |
details, prediction |
|
Second tier
|
Horizen
ZEN
|
0.9641355 |
details, prediction |
0x
ZRX
|
0.9637587 |
details, prediction |
Decentraland
MANA
|
0.95929164 |
details, prediction |
Algorand
ALGO
|
0.95748323 |
details, prediction |
Telcoin
TEL
|
0.9563861 |
details, prediction |
|
Third tier
|
SwftCoin
SWFTC
|
0.9556362 |
details, prediction |
Metal
MTL
|
0.95524657 |
details, prediction |
Power Ledger
POWR
|
0.9526275 |
details, prediction |
AdEx
ADX
|
0.9458858 |
details, prediction |
Lisk
LSK
|
0.94409436 |
details, prediction |
This report should be leaned to get most info about heading trends.
It means that OriginTrail 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 OriginTrail
Low correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
TRON
TRX
|
-0.5303038 |
details, prediction |
UNUS SED LEO
LEO
|
-0.21748792 |
details, prediction |
Binance Coin
BNB
|
0.34235677 |
details, prediction |
Dogecoin
DOGE
|
0.58195394 |
details, prediction |
XRP
XRP
|
0.6599228 |
details, prediction |
|
Second tier
|
Dai
DAI
|
-0.37058008 |
details, prediction |
Decred
DCR
|
-0.27834356 |
details, prediction |
True USD
TUSD
|
0.067054786 |
details, prediction |
Verge
XVG
|
0.4735934 |
details, prediction |
Zilliqa
ZIL
|
0.6081665 |
details, prediction |
|
Third tier
|
Dent
DENT
|
-0.12693593 |
details, prediction |
HEROcoin
PLAY
|
0.03298972 |
details, prediction |
BABB
BAX
|
0.16262327 |
details, prediction |
Constellation
DAG
|
0.16880816 |
details, prediction |
Dero
DERO
|
0.28052887 |
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)