Highly correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
SONM
SNM
|
0.52705365 |
details, prediction |
Matic Network
MATIC
|
0.19563891 |
details, prediction |
Stellar
XLM
|
-0.056082435 |
details, prediction |
Crypto.com Chain
CRO
|
-0.10738484 |
details, prediction |
Cardano
ADA
|
-0.21589313 |
details, prediction |
|
Second tier
|
OriginTrail
TRAC
|
0.83284503 |
details, prediction |
XYO Network
XYO
|
0.77754515 |
details, prediction |
SwissBorg
CHSB
|
0.76652926 |
details, prediction |
Ethos (Bitquence)
BQX
|
0.760088 |
details, prediction |
Theta Fuel
TFUEL
|
0.7495615 |
details, prediction |
|
Third tier
|
BHPCash
BHPC
|
0.9544921 |
details, prediction |
Tidex Token
TDX
|
0.95192564 |
details, prediction |
PotCoin
POT
|
0.9204804 |
details, prediction |
Ionomy
ION
|
0.91995215 |
details, prediction |
Asch
XAS
|
0.9004363 |
details, prediction |
This report should be leaned to get most info about heading trends.
It means that TrustNote 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 TrustNote
Low correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
Bitcoin
BTC
|
-0.80548906 |
details, prediction |
Binance Coin
BNB
|
-0.7962574 |
details, prediction |
Ethereum
ETH
|
-0.7721155 |
details, prediction |
ChainLink
LINK
|
-0.715051 |
details, prediction |
Monero
XMR
|
-0.7068688 |
details, prediction |
|
Second tier
|
Bitcoin Gold
BTG
|
-0.7339583 |
details, prediction |
MonaCoin
MONA
|
-0.7329678 |
details, prediction |
Huobi Token
HT
|
-0.71623784 |
details, prediction |
Bitcoin SV
BSV
|
-0.70261717 |
details, prediction |
BitTorrent
BTT
|
-0.6498991 |
details, prediction |
|
Third tier
|
Token as a Service
TAAS
|
-0.8369863 |
details, prediction |
SaluS
SLS
|
-0.8365349 |
details, prediction |
Dreamscape
DSC
|
-0.7907256 |
details, prediction |
Fusion
FSN
|
-0.77440333 |
details, prediction |
Santiment
SAN
|
-0.7738968 |
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)