Highly correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
Ethereum
ETH
|
0.7531462 |
details, prediction |
Bitcoin Cash
BCH
|
0.7503497 |
details, prediction |
Litecoin
LTC
|
0.7421637 |
details, prediction |
Bitcoin
BTC
|
0.72735965 |
details, prediction |
ChainLink
LINK
|
0.69423264 |
details, prediction |
|
Second tier
|
Bitcoin SV
BSV
|
0.75407624 |
details, prediction |
Decred
DCR
|
0.68971765 |
details, prediction |
0x
ZRX
|
0.66796225 |
details, prediction |
Decentraland
MANA
|
0.62769806 |
details, prediction |
Vechain
VET
|
0.62173814 |
details, prediction |
|
Third tier
|
Hydro Protocol
HOT
|
0.9503152 |
details, prediction |
Bancor
BNT
|
0.7489714 |
details, prediction |
Dent
DENT
|
0.6126806 |
details, prediction |
V Systems
VSYS
|
0.5501836 |
details, prediction |
Stox
STX
|
0.546677 |
details, prediction |
This report should be leaned to get most info about heading trends.
It means that HoloToken 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 HoloToken
Low correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
Stellar
XLM
|
-0.09408821 |
details, prediction |
KuCoin Shares
KCS
|
0.17600702 |
details, prediction |
Dogecoin
DOGE
|
0.30801427 |
details, prediction |
Ethereum Classic
ETC
|
0.45195588 |
details, prediction |
TRON
TRX
|
0.5183223 |
details, prediction |
|
Second tier
|
Chiliz
CHZ
|
-0.4564431 |
details, prediction |
Ravencoin
RVN
|
-0.4272222 |
details, prediction |
Waves
WAVES
|
-0.40767276 |
details, prediction |
Telcoin
TEL
|
-0.40174115 |
details, prediction |
aelf
ELF
|
-0.36197212 |
details, prediction |
|
Third tier
|
OPEN Platform
OPEN
|
-0.63782793 |
details, prediction |
ICON
ICX
|
-0.6235243 |
details, prediction |
BABB
BAX
|
-0.5380897 |
details, prediction |
Matrix AI Network
MAN
|
-0.48593637 |
details, prediction |
Storj
STORJ
|
-0.43028286 |
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)