Highly correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
Dogecoin
DOGE
|
0.8504287 |
details, prediction |
Bitcoin
BTC
|
0.85034174 |
details, prediction |
XRP
XRP
|
0.8495909 |
details, prediction |
ChainLink
LINK
|
0.83226925 |
details, prediction |
Litecoin
LTC
|
0.830346 |
details, prediction |
|
Second tier
|
IOTA
IOT
|
0.8434271 |
details, prediction |
QTUM
QTUM
|
0.84059244 |
details, prediction |
Theta
THETA
|
0.8300105 |
details, prediction |
Decentraland
MANA
|
0.82464266 |
details, prediction |
NEO
NEO
|
0.8232227 |
details, prediction |
|
Third tier
|
Bancor
BNT
|
0.8702513 |
details, prediction |
Stox
STX
|
0.8702477 |
details, prediction |
Gas
GAS
|
0.8188012 |
details, prediction |
Hydro Protocol
HOT
|
0.77230763 |
details, prediction |
SingularityNET
AGI
|
0.77126986 |
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
|
TRON
TRX
|
0.28745165 |
details, prediction |
KuCoin Shares
KCS
|
0.55618185 |
details, prediction |
Stellar
XLM
|
0.61788946 |
details, prediction |
Monero
XMR
|
0.71968764 |
details, prediction |
Bitcoin Cash
BCH
|
0.7608047 |
details, prediction |
|
Second tier
|
Ravencoin
RVN
|
-0.5357678 |
details, prediction |
USD//Coin
USDC
|
-0.35442972 |
details, prediction |
True USD
TUSD
|
-0.32859 |
details, prediction |
Telcoin
TEL
|
-0.025903516 |
details, prediction |
aelf
ELF
|
-0.005674035 |
details, prediction |
|
Third tier
|
Matrix AI Network
MAN
|
-0.63594574 |
details, prediction |
ICON
ICX
|
-0.6275097 |
details, prediction |
OPEN Platform
OPEN
|
-0.54338104 |
details, prediction |
NKN
NKN
|
-0.53479075 |
details, prediction |
Storj
STORJ
|
-0.5074714 |
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)