Highly correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
Stellar
XLM
|
0.8173156 |
details, prediction |
ChainLink
LINK
|
0.81085455 |
details, prediction |
Litecoin
LTC
|
0.79639155 |
details, prediction |
Crypto.com Chain
CRO
|
0.7934692 |
details, prediction |
Ethereum
ETH
|
0.7931379 |
details, prediction |
|
Second tier
|
aelf
ELF
|
0.8905672 |
details, prediction |
OriginTrail
TRAC
|
0.8611651 |
details, prediction |
0x
ZRX
|
0.85247934 |
details, prediction |
EOS
EOS
|
0.84491104 |
details, prediction |
Horizen
ZEN
|
0.8368048 |
details, prediction |
|
Third tier
|
Hydro Protocol
HOT
|
0.9956465 |
details, prediction |
Kleros
PNK
|
0.95762426 |
details, prediction |
Wanchain
WAN
|
0.9355121 |
details, prediction |
V Systems
VSYS
|
0.8709622 |
details, prediction |
SwftCoin
SWFTC
|
0.8698421 |
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
|
TRON
TRX
|
-0.4196286 |
details, prediction |
UNUS SED LEO
LEO
|
0.33207524 |
details, prediction |
Binance Coin
BNB
|
0.3681691 |
details, prediction |
Bitcoin Cash
BCH
|
0.48651907 |
details, prediction |
Dogecoin
DOGE
|
0.53064126 |
details, prediction |
|
Second tier
|
Dai
DAI
|
-0.5247779 |
details, prediction |
True USD
TUSD
|
-0.12487773 |
details, prediction |
Decred
DCR
|
0.14362124 |
details, prediction |
Zilliqa
ZIL
|
0.3136296 |
details, prediction |
Verge
XVG
|
0.40301067 |
details, prediction |
|
Third tier
|
HEROcoin
PLAY
|
-0.2147979 |
details, prediction |
Ontology
ONT
|
-0.07696343 |
details, prediction |
Dero
DERO
|
-0.04847074 |
details, prediction |
Constellation
DAG
|
0.14438647 |
details, prediction |
NKN
NKN
|
0.20228358 |
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)