Highly correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
Stellar
XLM
|
0.3208302 |
details, prediction |
Dogecoin
DOGE
|
0.22309452 |
details, prediction |
KuCoin Shares
KCS
|
-0.01360081 |
details, prediction |
Ethereum Classic
ETC
|
-0.019599043 |
details, prediction |
Cardano
ADA
|
-0.06575623 |
details, prediction |
|
Second tier
|
Cosmos
ATOM
|
0.534758 |
details, prediction |
Chiliz
CHZ
|
0.5049414 |
details, prediction |
Ravencoin
RVN
|
0.46608177 |
details, prediction |
FTX Token
FTT
|
0.45483318 |
details, prediction |
Waves
WAVES
|
0.39381388 |
details, prediction |
|
Third tier
|
ICON
ICX
|
0.6361098 |
details, prediction |
BABB
BAX
|
0.5183555 |
details, prediction |
SwftCoin
SWFTC
|
0.5179408 |
details, prediction |
Kambria
KAT
|
0.4789221 |
details, prediction |
Internet of Services
IOST
|
0.4597392 |
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
|
-0.5114302 |
details, prediction |
Ethereum
ETH
|
-0.5030499 |
details, prediction |
ChainLink
LINK
|
-0.4709087 |
details, prediction |
Monero
XMR
|
-0.43343446 |
details, prediction |
Bitcoin
BTC
|
-0.40725103 |
details, prediction |
|
Second tier
|
Bitcoin SV
BSV
|
-0.5605423 |
details, prediction |
HoloToken
HOT
|
-0.541901 |
details, prediction |
Decred
DCR
|
-0.44149458 |
details, prediction |
DigiByte
DGB
|
-0.34818485 |
details, prediction |
Vechain
VET
|
-0.3124848 |
details, prediction |
|
Third tier
|
V Systems
VSYS
|
-0.62365 |
details, prediction |
Dero
DERO
|
-0.5864243 |
details, prediction |
Hydro Protocol
HOT
|
-0.5366274 |
details, prediction |
Propy
PRO
|
-0.45576876 |
details, prediction |
NKN
NKN
|
-0.36944854 |
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)