Highly correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
ZCash
ZEC
|
0.3727278 |
details, prediction |
TRON
TRX
|
0.23441607 |
details, prediction |
ChainLink
LINK
|
0.20974603 |
details, prediction |
Crypto.com Chain
CRO
|
0.109572254 |
details, prediction |
KuCoin Shares
KCS
|
-0.011659175 |
details, prediction |
|
Second tier
|
Algorand
ALGO
|
0.36731255 |
details, prediction |
Bitcoin SV
BSV
|
0.28205043 |
details, prediction |
Nexo
NEXO
|
0.26771268 |
details, prediction |
USD//Coin
USDC
|
0.256943 |
details, prediction |
Cosmos
ATOM
|
0.25070256 |
details, prediction |
|
Third tier
|
Enjin Coin
ENJ
|
0.51167136 |
details, prediction |
Ontology
ONT
|
0.38849312 |
details, prediction |
NKN
NKN
|
0.3111654 |
details, prediction |
V Systems
VSYS
|
0.26931998 |
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
|
Binance Coin
BNB
|
-0.42626715 |
details, prediction |
UNUS SED LEO
LEO
|
-0.40076908 |
details, prediction |
XRP
XRP
|
-0.2616762 |
details, prediction |
Dogecoin
DOGE
|
-0.25564185 |
details, prediction |
Monero
XMR
|
-0.16867448 |
details, prediction |
|
Second tier
|
DigiByte
DGB
|
-0.33772865 |
details, prediction |
Ardor
ARDR
|
-0.2968368 |
details, prediction |
Decred
DCR
|
-0.22589242 |
details, prediction |
Bitcoin Gold
BTG
|
-0.21787849 |
details, prediction |
Dai
DAI
|
-0.19982022 |
details, prediction |
|
Third tier
|
Dero
DERO
|
-0.5184794 |
details, prediction |
Komodo
KMD
|
-0.41709492 |
details, prediction |
NEM
XEM
|
-0.33257982 |
details, prediction |
Chronobank
TIME
|
-0.32720485 |
details, prediction |
Elastos
ELA
|
-0.31581166 |
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)