Highly correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
Dogecoin
DOGE
|
0.87099475 |
details, prediction |
Ethereum Classic
ETC
|
0.71197385 |
details, prediction |
XRP
XRP
|
0.62216866 |
details, prediction |
Stellar
XLM
|
0.6166985 |
details, prediction |
Bitcoin Cash
BCH
|
0.5295896 |
details, prediction |
|
Second tier
|
NEO
NEO
|
0.8258345 |
details, prediction |
Verge
XVG
|
0.8229723 |
details, prediction |
IOTA
IOT
|
0.81695205 |
details, prediction |
Theta Fuel
TFUEL
|
0.7791784 |
details, prediction |
iEx.ec
RLC
|
0.7697778 |
details, prediction |
|
Third tier
|
Steem
STEEM
|
0.80990887 |
details, prediction |
QuarkChain
QKC
|
0.8000391 |
details, prediction |
Kyber Network
KNC
|
0.7970756 |
details, prediction |
SingularityNET
AGI
|
0.7929634 |
details, prediction |
PIVX
PIVX
|
0.74558824 |
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
|
0.100439474 |
details, prediction |
Monero
XMR
|
0.110744 |
details, prediction |
Ethereum
ETH
|
0.17848282 |
details, prediction |
ChainLink
LINK
|
0.21235412 |
details, prediction |
ZCash
ZEC
|
0.2578479 |
details, prediction |
|
Second tier
|
Dai
DAI
|
-0.59228194 |
details, prediction |
USD//Coin
USDC
|
-0.19868557 |
details, prediction |
True USD
TUSD
|
-0.13261534 |
details, prediction |
Bitcoin SV
BSV
|
-0.049908906 |
details, prediction |
DigiByte
DGB
|
-0.02163907 |
details, prediction |
|
Third tier
|
NKN
NKN
|
-0.60367644 |
details, prediction |
Propy
PRO
|
-0.44177544 |
details, prediction |
V Systems
VSYS
|
-0.28763467 |
details, prediction |
Matrix AI Network
MAN
|
-0.20174158 |
details, prediction |
Hydro Protocol
HOT
|
0.027728813 |
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)