Highly correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
ZCash
ZEC
|
0.6489301 |
details, prediction |
TRON
TRX
|
0.46673712 |
details, prediction |
Bitcoin
BTC
|
0.38344064 |
details, prediction |
Ethereum
ETH
|
0.1992885 |
details, prediction |
Monero
XMR
|
0.06757569 |
details, prediction |
|
Second tier
|
HoloToken
HOT
|
0.59904724 |
details, prediction |
Chiliz
CHZ
|
0.45033944 |
details, prediction |
Nexo
NEXO
|
0.4357115 |
details, prediction |
0x
ZRX
|
0.43216014 |
details, prediction |
Algorand
ALGO
|
0.40434054 |
details, prediction |
|
Third tier
|
Enjin Coin
ENJ
|
0.90714926 |
details, prediction |
Hydro Protocol
HOT
|
0.6043427 |
details, prediction |
HEROcoin
PLAY
|
0.5881941 |
details, prediction |
Metal
MTL
|
0.5265934 |
details, prediction |
Kambria
KAT
|
0.44374216 |
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
|
-0.5915506 |
details, prediction |
Cardano
ADA
|
-0.54113567 |
details, prediction |
Bitcoin Cash
BCH
|
-0.46206176 |
details, prediction |
Ethereum Classic
ETC
|
-0.403607 |
details, prediction |
Binance Coin
BNB
|
-0.36207163 |
details, prediction |
|
Second tier
|
Verge
XVG
|
-0.8690223 |
details, prediction |
Dai
DAI
|
-0.65526676 |
details, prediction |
Telcoin
TEL
|
-0.64979833 |
details, prediction |
IOTA
IOT
|
-0.53837836 |
details, prediction |
Bitcoin Gold
BTG
|
-0.5352919 |
details, prediction |
|
Third tier
|
Dent
DENT
|
-0.88860697 |
details, prediction |
Dero
DERO
|
-0.86983645 |
details, prediction |
Wanchain
WAN
|
-0.82537735 |
details, prediction |
FunFair
FUN
|
-0.81617844 |
details, prediction |
BABB
BAX
|
-0.732897 |
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)