Highly correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
TRON
TRX
|
0.034028474 |
details, prediction |
Cardano
ADA
|
-0.41221496 |
details, prediction |
KuCoin Shares
KCS
|
-0.43888804 |
details, prediction |
Bitcoin Cash
BCH
|
-0.50544477 |
details, prediction |
Stellar
XLM
|
-0.51366657 |
details, prediction |
|
Second tier
|
Ravencoin
RVN
|
0.47817075 |
details, prediction |
USD//Coin
USDC
|
0.38217005 |
details, prediction |
True USD
TUSD
|
0.32090613 |
details, prediction |
aelf
ELF
|
0.27592254 |
details, prediction |
Telcoin
TEL
|
-0.14597896 |
details, prediction |
|
Third tier
|
Matrix AI Network
MAN
|
0.65278715 |
details, prediction |
ICON
ICX
|
0.6281425 |
details, prediction |
NKN
NKN
|
0.5600129 |
details, prediction |
HEROcoin
PLAY
|
0.37560272 |
details, prediction |
Storj
STORJ
|
0.339378 |
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
|
ZCash
ZEC
|
-0.6996928 |
details, prediction |
XRP
XRP
|
-0.6923675 |
details, prediction |
Bitcoin
BTC
|
-0.6735616 |
details, prediction |
Dogecoin
DOGE
|
-0.66937786 |
details, prediction |
Binance Coin
BNB
|
-0.65671414 |
details, prediction |
|
Second tier
|
DASH
DASH
|
-0.77545416 |
details, prediction |
Theta Fuel
TFUEL
|
-0.7605203 |
details, prediction |
Siacoin
SC
|
-0.7529599 |
details, prediction |
Horizen
ZEN
|
-0.7418241 |
details, prediction |
QTUM
QTUM
|
-0.73131794 |
details, prediction |
|
Third tier
|
Ontology
ONT
|
-0.77909666 |
details, prediction |
Stox
STX
|
-0.77064604 |
details, prediction |
Wanchain
WAN
|
-0.7652482 |
details, prediction |
Gas
GAS
|
-0.7444538 |
details, prediction |
SingularityNET
AGI
|
-0.7230298 |
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)