Highly correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
Crypto.com Chain
CRO
|
0.8036253 |
details, prediction |
ChainLink
LINK
|
0.80231833 |
details, prediction |
Ethereum Classic
ETC
|
0.77926004 |
details, prediction |
Cardano
ADA
|
0.7764159 |
details, prediction |
Stellar
XLM
|
0.76042354 |
details, prediction |
|
Second tier
|
Siacoin
SC
|
0.9752199 |
details, prediction |
Decentraland
MANA
|
0.9678902 |
details, prediction |
HoloToken
HOT
|
0.9677912 |
details, prediction |
Waves
WAVES
|
0.9626092 |
details, prediction |
Status
SNT
|
0.95737565 |
details, prediction |
|
Third tier
|
AdEx
ADX
|
0.9854023 |
details, prediction |
Enjin Coin
ENJ
|
0.9723377 |
details, prediction |
SwftCoin
SWFTC
|
0.9721051 |
details, prediction |
Hydro Protocol
HOT
|
0.9699586 |
details, prediction |
Metal
MTL
|
0.96799815 |
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
|
Binance Coin
BNB
|
-0.4790668 |
details, prediction |
TRON
TRX
|
-0.3691808 |
details, prediction |
XRP
XRP
|
0.21553124 |
details, prediction |
Dogecoin
DOGE
|
0.21862358 |
details, prediction |
KuCoin Shares
KCS
|
0.48343647 |
details, prediction |
|
Second tier
|
Dai
DAI
|
-0.3923712 |
details, prediction |
True USD
TUSD
|
-0.29159093 |
details, prediction |
Ardor
ARDR
|
0.31857765 |
details, prediction |
Zilliqa
ZIL
|
0.33720058 |
details, prediction |
Verge
XVG
|
0.46335262 |
details, prediction |
|
Third tier
|
HEROcoin
PLAY
|
-0.8816548 |
details, prediction |
Constellation
DAG
|
-0.3517719 |
details, prediction |
Dero
DERO
|
-0.048896894 |
details, prediction |
BOScoin
BOS
|
0.21082233 |
details, prediction |
Komodo
KMD
|
0.4336022 |
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)