Highly correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
ZCash
ZEC
|
0.7527123 |
details, prediction |
TRON
TRX
|
0.6572535 |
details, prediction |
Binance Coin
BNB
|
0.44575542 |
details, prediction |
Monero
XMR
|
0.37292913 |
details, prediction |
Stellar
XLM
|
0.31612945 |
details, prediction |
|
Second tier
|
Telcoin
TEL
|
0.78744906 |
details, prediction |
Cosmos
ATOM
|
0.64786106 |
details, prediction |
DASH
DASH
|
0.5478697 |
details, prediction |
Dai
DAI
|
0.3176389 |
details, prediction |
Algorand
ALGO
|
0.18328111 |
details, prediction |
|
Third tier
|
V Systems
VSYS
|
0.46075273 |
details, prediction |
Constellation
DAG
|
0.3275193 |
details, prediction |
Bancor
BNT
|
0.2616126 |
details, prediction |
Komodo
KMD
|
0.24436842 |
details, prediction |
OPEN Platform
OPEN
|
0.2259792 |
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
|
-0.34648326 |
details, prediction |
KuCoin Shares
KCS
|
-0.23605585 |
details, prediction |
Ethereum
ETH
|
-0.23374084 |
details, prediction |
Litecoin
LTC
|
-0.20431693 |
details, prediction |
XRP
XRP
|
-0.095857315 |
details, prediction |
|
Second tier
|
Bitcoin Gold
BTG
|
-0.32911453 |
details, prediction |
Decred
DCR
|
-0.3187747 |
details, prediction |
HoloToken
HOT
|
-0.29858112 |
details, prediction |
Bitcoin SV
BSV
|
-0.2965004 |
details, prediction |
Verge
XVG
|
-0.29135397 |
details, prediction |
|
Third tier
|
SysCoin
SYS
|
-0.7662249 |
details, prediction |
NKN
NKN
|
-0.58902514 |
details, prediction |
BABB
BAX
|
-0.5764585 |
details, prediction |
Propy
PRO
|
-0.5256239 |
details, prediction |
Electroneum
ETN
|
-0.514194 |
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)