Highly correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
Stellar
XLM
|
0.3103331 |
details, prediction |
KuCoin Shares
KCS
|
0.07797138 |
details, prediction |
Dogecoin
DOGE
|
-0.023841713 |
details, prediction |
Ethereum Classic
ETC
|
-0.2781203 |
details, prediction |
Cardano
ADA
|
-0.31261018 |
details, prediction |
|
Second tier
|
Ravencoin
RVN
|
0.6086077 |
details, prediction |
Chiliz
CHZ
|
0.59658116 |
details, prediction |
aelf
ELF
|
0.5602235 |
details, prediction |
Bitcoin Gold
BTG
|
0.5418085 |
details, prediction |
Synthetix Network Token
SNX
|
0.47354257 |
details, prediction |
|
Third tier
|
ICON
ICX
|
0.7365595 |
details, prediction |
SwftCoin
SWFTC
|
0.6065695 |
details, prediction |
Matrix AI Network
MAN
|
0.6006812 |
details, prediction |
Enjin Coin
ENJ
|
0.52282584 |
details, prediction |
BABB
BAX
|
0.51341766 |
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
|
-0.64033 |
details, prediction |
Ethereum
ETH
|
-0.6205003 |
details, prediction |
ChainLink
LINK
|
-0.60114545 |
details, prediction |
Monero
XMR
|
-0.5815734 |
details, prediction |
Litecoin
LTC
|
-0.571761 |
details, prediction |
|
Second tier
|
Decred
DCR
|
-0.6534171 |
details, prediction |
Bitcoin SV
BSV
|
-0.6509603 |
details, prediction |
HoloToken
HOT
|
-0.63782793 |
details, prediction |
Vechain
VET
|
-0.5765916 |
details, prediction |
DASH
DASH
|
-0.55535215 |
details, prediction |
|
Third tier
|
Hydro Protocol
HOT
|
-0.58889997 |
details, prediction |
Dent
DENT
|
-0.53516406 |
details, prediction |
V Systems
VSYS
|
-0.51455814 |
details, prediction |
Bancor
BNT
|
-0.5078519 |
details, prediction |
Stox
STX
|
-0.4889167 |
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)