Highly correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
ZCash
ZEC
|
0.79429543 |
details, prediction |
TRON
TRX
|
0.54679614 |
details, prediction |
Binance Coin
BNB
|
0.36176765 |
details, prediction |
Stellar
XLM
|
0.3236622 |
details, prediction |
Monero
XMR
|
0.32049736 |
details, prediction |
|
Second tier
|
Telcoin
TEL
|
0.886103 |
details, prediction |
Cosmos
ATOM
|
0.5457979 |
details, prediction |
DASH
DASH
|
0.5242543 |
details, prediction |
Dai
DAI
|
0.32923967 |
details, prediction |
USD//Coin
USDC
|
0.14927062 |
details, prediction |
|
Third tier
|
Loopring
LRC
|
0.8200399 |
details, prediction |
Komodo
KMD
|
0.677505 |
details, prediction |
V Systems
VSYS
|
0.6181008 |
details, prediction |
Constellation
DAG
|
0.3906274 |
details, prediction |
Chronobank
TIME
|
0.2722484 |
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
|
-0.6736078 |
details, prediction |
Ethereum
ETH
|
-0.50733817 |
details, prediction |
Litecoin
LTC
|
-0.4777833 |
details, prediction |
KuCoin Shares
KCS
|
-0.4443717 |
details, prediction |
Crypto.com Chain
CRO
|
-0.4195454 |
details, prediction |
|
Second tier
|
aelf
ELF
|
-0.6552291 |
details, prediction |
Ravencoin
RVN
|
-0.5997633 |
details, prediction |
Nexo
NEXO
|
-0.5916591 |
details, prediction |
HoloToken
HOT
|
-0.5736125 |
details, prediction |
Vechain
VET
|
-0.5727054 |
details, prediction |
|
Third tier
|
SysCoin
SYS
|
-0.784453 |
details, prediction |
LAToken
LA
|
-0.74544764 |
details, prediction |
Phantasma
SOUL
|
-0.74308985 |
details, prediction |
SingularityNET
AGI
|
-0.73598295 |
details, prediction |
AdEx
ADX
|
-0.6566452 |
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)