Highly correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
Bitcoin
BTC
|
0.60692185 |
details, prediction |
Monero
XMR
|
0.5645529 |
details, prediction |
Dogecoin
DOGE
|
0.5062387 |
details, prediction |
Ethereum
ETH
|
0.43641627 |
details, prediction |
KuCoin Shares
KCS
|
0.31317523 |
details, prediction |
|
Second tier
|
Theta
THETA
|
0.75166476 |
details, prediction |
0x
ZRX
|
0.55556864 |
details, prediction |
Chiliz
CHZ
|
0.5096389 |
details, prediction |
iEx.ec
RLC
|
0.5012307 |
details, prediction |
Cosmos
ATOM
|
0.48504657 |
details, prediction |
|
Third tier
|
Enjin Coin
ENJ
|
0.89129007 |
details, prediction |
HEROcoin
PLAY
|
0.79623556 |
details, prediction |
LAToken
LA
|
0.5507927 |
details, prediction |
Bancor
BNT
|
0.4747751 |
details, prediction |
Electroneum
ETN
|
0.46517193 |
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
|
Crypto.com Chain
CRO
|
-0.47692597 |
details, prediction |
Cardano
ADA
|
-0.21716148 |
details, prediction |
Ethereum Classic
ETC
|
-0.08588989 |
details, prediction |
Stellar
XLM
|
-0.038994707 |
details, prediction |
Binance Coin
BNB
|
-0.035008222 |
details, prediction |
|
Second tier
|
Verge
XVG
|
-0.6721725 |
details, prediction |
Dai
DAI
|
-0.5786927 |
details, prediction |
Decred
DCR
|
-0.43296242 |
details, prediction |
Telcoin
TEL
|
-0.39111397 |
details, prediction |
IOTA
IOT
|
-0.38912156 |
details, prediction |
|
Third tier
|
FunFair
FUN
|
-0.8678218 |
details, prediction |
Dero
DERO
|
-0.84365326 |
details, prediction |
Dent
DENT
|
-0.72249836 |
details, prediction |
Wanchain
WAN
|
-0.70035875 |
details, prediction |
Loopring
LRC
|
-0.6654872 |
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)