Highly correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
Litecoin
LTC
|
0.9673339 |
details, prediction |
Bitcoin Cash
BCH
|
0.9536177 |
details, prediction |
Ethereum
ETH
|
0.95183337 |
details, prediction |
XRP
XRP
|
0.9422851 |
details, prediction |
Cardano
ADA
|
0.9392164 |
details, prediction |
|
Second tier
|
Ravencoin
RVN
|
0.9755414 |
details, prediction |
Tezos
XTZ
|
0.975469 |
details, prediction |
Theta Fuel
TFUEL
|
0.97471297 |
details, prediction |
Status
SNT
|
0.96984065 |
details, prediction |
Vechain
VET
|
0.9666093 |
details, prediction |
|
Third tier
|
Hydro Protocol
HOT
|
0.9975103 |
details, prediction |
ARK
ARK
|
0.97553754 |
details, prediction |
Lisk
LSK
|
0.9724084 |
details, prediction |
Civic
CVC
|
0.9704386 |
details, prediction |
IoTeX
IOTX
|
0.95122004 |
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
|
-0.63555676 |
details, prediction |
ZCash
ZEC
|
-0.15680271 |
details, prediction |
TRON
TRX
|
-0.041896634 |
details, prediction |
Binance Coin
BNB
|
0.52242535 |
details, prediction |
Monero
XMR
|
0.6371984 |
details, prediction |
|
Second tier
|
Dai
DAI
|
-0.73272353 |
details, prediction |
USD//Coin
USDC
|
-0.7191458 |
details, prediction |
Telcoin
TEL
|
-0.41133738 |
details, prediction |
OriginTrail
TRAC
|
-0.29858112 |
details, prediction |
True USD
TUSD
|
-0.22795263 |
details, prediction |
|
Third tier
|
FunFair
FUN
|
-0.5377096 |
details, prediction |
Komodo
KMD
|
-0.34896606 |
details, prediction |
V Systems
VSYS
|
-0.05310868 |
details, prediction |
OPEN Platform
OPEN
|
0.18228982 |
details, prediction |
Matrix AI Network
MAN
|
0.1879124 |
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)