Highly correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
Bitcoin
BTC
|
0.7134849 |
details, prediction |
Litecoin
LTC
|
0.7097997 |
details, prediction |
ChainLink
LINK
|
0.7088443 |
details, prediction |
Monero
XMR
|
0.69471693 |
details, prediction |
Ethereum
ETH
|
0.6078256 |
details, prediction |
|
Second tier
|
0x
ZRX
|
0.71795607 |
details, prediction |
Theta
THETA
|
0.6147231 |
details, prediction |
Nexo
NEXO
|
0.6015968 |
details, prediction |
Cosmos
ATOM
|
0.5246714 |
details, prediction |
Bitcoin SV
BSV
|
0.48611134 |
details, prediction |
|
Third tier
|
Hydro Protocol
HOT
|
0.99248415 |
details, prediction |
OPEN Platform
OPEN
|
0.6974912 |
details, prediction |
Kambria
KAT
|
0.69700193 |
details, prediction |
Bancor
BNT
|
0.6331528 |
details, prediction |
Metal
MTL
|
0.56788063 |
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
|
Bitcoin Cash
BCH
|
-0.31011236 |
details, prediction |
Crypto.com Chain
CRO
|
0.097926356 |
details, prediction |
Cardano
ADA
|
0.14764602 |
details, prediction |
TRON
TRX
|
0.22992417 |
details, prediction |
KuCoin Shares
KCS
|
0.30908227 |
details, prediction |
|
Second tier
|
Dai
DAI
|
-0.7848049 |
details, prediction |
USD//Coin
USDC
|
-0.5853063 |
details, prediction |
Verge
XVG
|
-0.56438315 |
details, prediction |
Waves
WAVES
|
-0.3208235 |
details, prediction |
Ardor
ARDR
|
-0.25580654 |
details, prediction |
|
Third tier
|
BABB
BAX
|
-0.47972825 |
details, prediction |
PIVX
PIVX
|
-0.4731696 |
details, prediction |
Phantasma
SOUL
|
-0.46603587 |
details, prediction |
SysCoin
SYS
|
-0.3787839 |
details, prediction |
Dent
DENT
|
-0.3637408 |
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)