Highly correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
Dogecoin
DOGE
|
0.9028129 |
details, prediction |
XRP
XRP
|
0.82511085 |
details, prediction |
Ethereum Classic
ETC
|
0.7790765 |
details, prediction |
Binance Coin
BNB
|
0.665318 |
details, prediction |
Bitcoin Cash
BCH
|
0.6534523 |
details, prediction |
|
Second tier
|
NEO
NEO
|
0.883157 |
details, prediction |
Verge
XVG
|
0.8758316 |
details, prediction |
IOTA
IOT
|
0.86829615 |
details, prediction |
iEx.ec
RLC
|
0.86511093 |
details, prediction |
Chiliz
CHZ
|
0.8603675 |
details, prediction |
|
Third tier
|
QuarkChain
QKC
|
0.8962194 |
details, prediction |
SwftCoin
SWFTC
|
0.8760312 |
details, prediction |
Kyber Network
KNC
|
0.87334335 |
details, prediction |
Internet of Services
IOST
|
0.8610906 |
details, prediction |
SingularityNET
AGI
|
0.8583374 |
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
|
Monero
XMR
|
0.2195832 |
details, prediction |
Ethereum
ETH
|
0.23123828 |
details, prediction |
Stellar
XLM
|
0.2318764 |
details, prediction |
ZCash
ZEC
|
0.32744637 |
details, prediction |
TRON
TRX
|
0.34677818 |
details, prediction |
|
Second tier
|
Dai
DAI
|
-0.55393296 |
details, prediction |
USD//Coin
USDC
|
-0.35493478 |
details, prediction |
True USD
TUSD
|
-0.26989248 |
details, prediction |
DigiByte
DGB
|
-0.07122564 |
details, prediction |
Bitcoin SV
BSV
|
-0.0676347 |
details, prediction |
|
Third tier
|
Propy
PRO
|
-0.57479614 |
details, prediction |
NKN
NKN
|
-0.53393495 |
details, prediction |
V Systems
VSYS
|
-0.31835303 |
details, prediction |
Matrix AI Network
MAN
|
-0.28043452 |
details, prediction |
Phantasma
SOUL
|
-0.16306767 |
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)