Highly correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
Monero
XMR
|
0.53635526 |
details, prediction |
Bitcoin
BTC
|
0.4247689 |
details, prediction |
Dogecoin
DOGE
|
0.41462788 |
details, prediction |
ChainLink
LINK
|
0.2704862 |
details, prediction |
Ethereum
ETH
|
0.26444495 |
details, prediction |
|
Second tier
|
Cosmos
ATOM
|
0.68928623 |
details, prediction |
Theta
THETA
|
0.60892844 |
details, prediction |
Request Network
REQ
|
0.37284085 |
details, prediction |
Nexo
NEXO
|
0.33371028 |
details, prediction |
0x
ZRX
|
0.3058149 |
details, prediction |
|
Third tier
|
Enjin Coin
ENJ
|
0.7000684 |
details, prediction |
Chronobank
TIME
|
0.6025894 |
details, prediction |
LAToken
LA
|
0.41771328 |
details, prediction |
NEM
XEM
|
0.37481233 |
details, prediction |
Bancor
BNT
|
0.35778564 |
details, prediction |
This report should be leaned to get most info about heading trends.
It means that OPEN Platform 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 OPEN Platform
Low correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
TRON
TRX
|
-0.32480946 |
details, prediction |
Crypto.com Chain
CRO
|
-0.06446129 |
details, prediction |
Ethereum Classic
ETC
|
0.02975492 |
details, prediction |
Bitcoin Cash
BCH
|
0.03477894 |
details, prediction |
Cardano
ADA
|
0.07176381 |
details, prediction |
|
Second tier
|
Dai
DAI
|
-0.6053798 |
details, prediction |
USD//Coin
USDC
|
-0.5517159 |
details, prediction |
Verge
XVG
|
-0.22860914 |
details, prediction |
Telcoin
TEL
|
-0.15295236 |
details, prediction |
Bitcoin Gold
BTG
|
-0.090153925 |
details, prediction |
|
Third tier
|
FunFair
FUN
|
-0.87907815 |
details, prediction |
V Systems
VSYS
|
-0.6094582 |
details, prediction |
Dero
DERO
|
-0.58216846 |
details, prediction |
NKN
NKN
|
-0.4609855 |
details, prediction |
Komodo
KMD
|
-0.45442775 |
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)