Highly correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
ZCash
ZEC
|
0.38155207 |
details, prediction |
TRON
TRX
|
0.34438568 |
details, prediction |
Bitcoin
BTC
|
0.08795273 |
details, prediction |
Ethereum
ETH
|
0.029079052 |
details, prediction |
ChainLink
LINK
|
0.0018611138 |
details, prediction |
|
Second tier
|
Nexo
NEXO
|
0.2569132 |
details, prediction |
Algorand
ALGO
|
0.17673628 |
details, prediction |
HoloToken
HOT
|
0.16998982 |
details, prediction |
0x
ZRX
|
0.10779019 |
details, prediction |
Bitcoin SV
BSV
|
0.057313308 |
details, prediction |
|
Third tier
|
Enjin Coin
ENJ
|
0.889671 |
details, prediction |
HEROcoin
PLAY
|
0.44338655 |
details, prediction |
Ontology
ONT
|
0.3658746 |
details, prediction |
Kambria
KAT
|
0.30069715 |
details, prediction |
Streamr DATAcoin
DATA
|
0.26552284 |
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
|
UNUS SED LEO
LEO
|
-0.40076908 |
details, prediction |
Binance Coin
BNB
|
-0.34374198 |
details, prediction |
Bitcoin Cash
BCH
|
-0.30353457 |
details, prediction |
Cardano
ADA
|
-0.2958735 |
details, prediction |
Dogecoin
DOGE
|
-0.2686334 |
details, prediction |
|
Second tier
|
Ardor
ARDR
|
-0.45064798 |
details, prediction |
Verge
XVG
|
-0.42234454 |
details, prediction |
Bitcoin Gold
BTG
|
-0.3930014 |
details, prediction |
DigiByte
DGB
|
-0.3551005 |
details, prediction |
Telcoin
TEL
|
-0.3205285 |
details, prediction |
|
Third tier
|
Dent
DENT
|
-0.768051 |
details, prediction |
Dero
DERO
|
-0.7630601 |
details, prediction |
FunFair
FUN
|
-0.73765373 |
details, prediction |
Wanchain
WAN
|
-0.6722047 |
details, prediction |
BABB
BAX
|
-0.53483874 |
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)