Highly correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
Dogecoin
DOGE
|
0.43869418 |
details, prediction |
Binance Coin
BNB
|
0.38361007 |
details, prediction |
Cardano
ADA
|
0.26072392 |
details, prediction |
XRP
XRP
|
0.24018084 |
details, prediction |
Monero
XMR
|
0.20454153 |
details, prediction |
|
Second tier
|
OriginTrail
TRAC
|
0.55377793 |
details, prediction |
Cosmos
ATOM
|
0.48520288 |
details, prediction |
Nexo
NEXO
|
0.42349315 |
details, prediction |
FTX Token
FTT
|
0.40847304 |
details, prediction |
Verge
XVG
|
0.4032836 |
details, prediction |
|
Third tier
|
BABB
BAX
|
0.51889277 |
details, prediction |
Metal
MTL
|
0.5091878 |
details, prediction |
QuarkChain
QKC
|
0.46821186 |
details, prediction |
AdEx
ADX
|
0.45863718 |
details, prediction |
IoTeX
IOTX
|
0.42852476 |
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
|
-0.36231557 |
details, prediction |
Ethereum
ETH
|
-0.116498135 |
details, prediction |
ZCash
ZEC
|
-0.09465093 |
details, prediction |
Litecoin
LTC
|
-0.03310426 |
details, prediction |
Bitcoin Cash
BCH
|
0.010432175 |
details, prediction |
|
Second tier
|
USD//Coin
USDC
|
-0.42929828 |
details, prediction |
True USD
TUSD
|
-0.37266445 |
details, prediction |
Bitcoin SV
BSV
|
-0.32580727 |
details, prediction |
HoloToken
HOT
|
-0.32177964 |
details, prediction |
Decred
DCR
|
-0.2009836 |
details, prediction |
|
Third tier
|
NKN
NKN
|
-0.7171182 |
details, prediction |
Dero
DERO
|
-0.5859549 |
details, prediction |
V Systems
VSYS
|
-0.47583556 |
details, prediction |
Propy
PRO
|
-0.4625714 |
details, prediction |
Hydro Protocol
HOT
|
-0.36850533 |
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)