Highly correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
ZCash
ZEC
|
0.6497898 |
details, prediction |
TRON
TRX
|
0.5631767 |
details, prediction |
Binance Coin
BNB
|
0.5170081 |
details, prediction |
Monero
XMR
|
0.38682115 |
details, prediction |
Dogecoin
DOGE
|
0.3771598 |
details, prediction |
|
Second tier
|
Telcoin
TEL
|
0.7388382 |
details, prediction |
Cosmos
ATOM
|
0.66776866 |
details, prediction |
DASH
DASH
|
0.5178547 |
details, prediction |
Dai
DAI
|
0.4056258 |
details, prediction |
FTX Token
FTT
|
0.34978774 |
details, prediction |
|
Third tier
|
Constellation
DAG
|
0.37983283 |
details, prediction |
V Systems
VSYS
|
0.37897146 |
details, prediction |
Stox
STX
|
0.3595728 |
details, prediction |
Bancor
BNT
|
0.30003983 |
details, prediction |
OPEN Platform
OPEN
|
0.22268747 |
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
|
-0.19632827 |
details, prediction |
Ethereum
ETH
|
-0.14623709 |
details, prediction |
KuCoin Shares
KCS
|
-0.10584837 |
details, prediction |
Litecoin
LTC
|
-0.06231777 |
details, prediction |
Cardano
ADA
|
0.038043108 |
details, prediction |
|
Second tier
|
Bitcoin SV
BSV
|
-0.30133626 |
details, prediction |
True USD
TUSD
|
-0.23348199 |
details, prediction |
HoloToken
HOT
|
-0.21704362 |
details, prediction |
Bitcoin Gold
BTG
|
-0.17054775 |
details, prediction |
Decred
DCR
|
-0.14256872 |
details, prediction |
|
Third tier
|
SysCoin
SYS
|
-0.7439325 |
details, prediction |
NKN
NKN
|
-0.6617343 |
details, prediction |
Propy
PRO
|
-0.5557434 |
details, prediction |
Electroneum
ETN
|
-0.35855976 |
details, prediction |
Phantasma
SOUL
|
-0.33157533 |
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)