Highly correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
ChainLink
LINK
|
0.84970146 |
details, prediction |
Monero
XMR
|
0.83428466 |
details, prediction |
Cardano
ADA
|
0.8333598 |
details, prediction |
Dogecoin
DOGE
|
0.83133745 |
details, prediction |
Bitcoin
BTC
|
0.8309944 |
details, prediction |
|
Second tier
|
EthLend
LEND
|
0.8592541 |
details, prediction |
Status
SNT
|
0.8548142 |
details, prediction |
Request Network
REQ
|
0.8531255 |
details, prediction |
NEO
NEO
|
0.8462113 |
details, prediction |
DASH
DASH
|
0.84449637 |
details, prediction |
|
Third tier
|
Chainium
CHX
|
0.87502337 |
details, prediction |
SyncFab
MFG
|
0.86914283 |
details, prediction |
WAX
WAX
|
0.8615153 |
details, prediction |
WaBi
WABI
|
0.8607577 |
details, prediction |
Curecoin
CURE
|
0.8579468 |
details, prediction |
This report should be leaned to get most info about heading trends.
It means that OpalCoin 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 OpalCoin
Low correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
Binance Coin
BNB
|
-0.18456517 |
details, prediction |
SONM
SNM
|
0.56582326 |
details, prediction |
ZCash
ZEC
|
0.6003826 |
details, prediction |
TRON
TRX
|
0.6256753 |
details, prediction |
Ethereum
ETH
|
0.64555013 |
details, prediction |
|
Second tier
|
Huobi Token
HT
|
-0.37044072 |
details, prediction |
Theta
THETA
|
-6.3227786E-4 |
details, prediction |
Tezos
XTZ
|
0.018499047 |
details, prediction |
True USD
TUSD
|
0.035248183 |
details, prediction |
Decred
DCR
|
0.079410106 |
details, prediction |
|
Third tier
|
Docademic
MTC
|
-0.78133243 |
details, prediction |
WeAreSatoshi
WSX
|
-0.61410826 |
details, prediction |
ODEM
ODEM
|
-0.43778998 |
details, prediction |
Bibox Token
BIX
|
-0.38497135 |
details, prediction |
Constellation
DAG
|
-0.34907004 |
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)