Highly correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
ZCash
ZEC
|
0.7877656 |
details, prediction |
Ethereum Classic
ETC
|
0.6730626 |
details, prediction |
Binance Coin
BNB
|
0.55990565 |
details, prediction |
Monero
XMR
|
0.54388857 |
details, prediction |
TRON
TRX
|
0.5344747 |
details, prediction |
|
Second tier
|
Telcoin
TEL
|
0.882714 |
details, prediction |
Cosmos
ATOM
|
0.684324 |
details, prediction |
DASH
DASH
|
0.60046923 |
details, prediction |
FTX Token
FTT
|
0.4723318 |
details, prediction |
Synthetix Network Token
SNX
|
0.38819242 |
details, prediction |
|
Third tier
|
Loopring
LRC
|
0.8200399 |
details, prediction |
Constellation
DAG
|
0.76174647 |
details, prediction |
Komodo
KMD
|
0.677505 |
details, prediction |
V Systems
VSYS
|
0.5960106 |
details, prediction |
Bancor
BNT
|
0.526793 |
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
|
Bitcoin Cash
BCH
|
-0.85251135 |
details, prediction |
Litecoin
LTC
|
-0.53357536 |
details, prediction |
KuCoin Shares
KCS
|
-0.4223898 |
details, prediction |
Ethereum
ETH
|
-0.406865 |
details, prediction |
XRP
XRP
|
-0.21049543 |
details, prediction |
|
Second tier
|
aelf
ELF
|
-0.787864 |
details, prediction |
Waves
WAVES
|
-0.6688056 |
details, prediction |
Ravencoin
RVN
|
-0.66196865 |
details, prediction |
Status
SNT
|
-0.6119083 |
details, prediction |
Vechain
VET
|
-0.6037959 |
details, prediction |
|
Third tier
|
LAToken
LA
|
-0.93466544 |
details, prediction |
SysCoin
SYS
|
-0.8256569 |
details, prediction |
SingularityNET
AGI
|
-0.76473886 |
details, prediction |
Phantasma
SOUL
|
-0.7152638 |
details, prediction |
AdEx
ADX
|
-0.6293818 |
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)