Highly correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
Fantom
FTM
|
0.9235164 |
details, prediction |
Ethereum Classic
ETC
|
0.8388371 |
details, prediction |
Dogecoin
DOGE
|
0.8226666 |
details, prediction |
Litecoin
LTC
|
0.7681911 |
details, prediction |
KuCoin Shares
KCS
|
0.7460415 |
details, prediction |
|
Second tier
|
Vechain
VET
|
0.8564211 |
details, prediction |
DASH
DASH
|
0.8463451 |
details, prediction |
IOTA
IOT
|
0.8402141 |
details, prediction |
Nano
NANO
|
0.8330958 |
details, prediction |
Huobi Token
HT
|
0.8033794 |
details, prediction |
|
Third tier
|
DeviantCoin
DEV
|
0.95439494 |
details, prediction |
BitCrystals
BCY
|
0.94653475 |
details, prediction |
Omni
OMNI
|
0.94458085 |
details, prediction |
Docademic
MTC
|
0.93817735 |
details, prediction |
Decent.bet
DBET
|
0.93701947 |
details, prediction |
This report should be leaned to get most info about heading trends.
It means that Open Trading Network 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 Trading Network
Low correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
ChainLink
LINK
|
-0.4043487 |
details, prediction |
Maker
MKR
|
-0.31365815 |
details, prediction |
XRP
XRP
|
-0.18852158 |
details, prediction |
Stellar
XLM
|
0.29235986 |
details, prediction |
SONM
SNM
|
0.3671063 |
details, prediction |
|
Second tier
|
Nexo
NEXO
|
-0.6486149 |
details, prediction |
Paxos Standard
PAX
|
-0.52238685 |
details, prediction |
Quant Network
QNT
|
-0.51850843 |
details, prediction |
True USD
TUSD
|
-0.41186905 |
details, prediction |
XYO Network
XYO
|
-0.39221486 |
details, prediction |
|
Third tier
|
Tycoon Global
TCT
|
-0.7994391 |
details, prediction |
Chainium
CHX
|
-0.78014034 |
details, prediction |
Vitae
VITAE
|
-0.6989682 |
details, prediction |
Darico
DEC
|
-0.6890089 |
details, prediction |
WorldCoin
WDC
|
-0.6630856 |
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)