Highly correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
Cardano
ADA
|
0.8762506 |
details, prediction |
Crypto.com Chain
CRO
|
0.8751257 |
details, prediction |
Ethereum Classic
ETC
|
0.78507024 |
details, prediction |
XRP
XRP
|
0.7841617 |
details, prediction |
Binance Coin
BNB
|
0.7703706 |
details, prediction |
|
Second tier
|
IOTA
IOT
|
0.8824236 |
details, prediction |
Telcoin
TEL
|
0.8725611 |
details, prediction |
Siacoin
SC
|
0.848373 |
details, prediction |
Theta Fuel
TFUEL
|
0.8483487 |
details, prediction |
Bitcoin Gold
BTG
|
0.8412098 |
details, prediction |
|
Third tier
|
Loopring
LRC
|
0.9011351 |
details, prediction |
Komodo
KMD
|
0.87593585 |
details, prediction |
Internet of Services
IOST
|
0.83370686 |
details, prediction |
SysCoin
SYS
|
0.8317245 |
details, prediction |
IoTeX
IOTX
|
0.82272375 |
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
|
-0.77829105 |
details, prediction |
ZCash
ZEC
|
-0.13487561 |
details, prediction |
Ethereum
ETH
|
0.32217932 |
details, prediction |
Bitcoin
BTC
|
0.32768586 |
details, prediction |
Stellar
XLM
|
0.48339847 |
details, prediction |
|
Second tier
|
Nexo
NEXO
|
-0.43590268 |
details, prediction |
Algorand
ALGO
|
-0.026179492 |
details, prediction |
HoloToken
HOT
|
0.046683 |
details, prediction |
Chiliz
CHZ
|
0.07221184 |
details, prediction |
Bitcoin SV
BSV
|
0.112117425 |
details, prediction |
|
Third tier
|
Ontology
ONT
|
-0.5736311 |
details, prediction |
OPEN Platform
OPEN
|
-0.531372 |
details, prediction |
Enjin Coin
ENJ
|
-0.38332605 |
details, prediction |
V Systems
VSYS
|
-0.25551423 |
details, prediction |
NKN
NKN
|
-0.21508761 |
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)