Highly correlated currencies
Coin |
Correlation |
Links |
First tier
|
Ethereum Classic
ETC
|
0.7457688 |
details, prediction |
Litecoin
LTC
|
0.72464347 |
details, prediction |
UNUS SED LEO
LEO
|
0.68255514 |
details, prediction |
Monero
XMR
|
0.6643741 |
details, prediction |
Ethereum
ETH
|
0.6494329 |
details, prediction |
Second tier
|
Dent
DENT
|
0.7743945 |
details, prediction |
BitTorrent
BTT
|
0.73085624 |
details, prediction |
DASH
DASH
|
0.72623706 |
details, prediction |
AMO Coin
AMO
|
0.71965265 |
details, prediction |
BORA
BORA
|
0.7179197 |
details, prediction |
Third tier
|
Bittwatt
BWT
|
0.8259045 |
details, prediction |
Experience Points
XP
|
0.8036993 |
details, prediction |
RChain
RHOC
|
0.7756016 |
details, prediction |
RevolutionVR
RVR
|
0.7753987 |
details, prediction |
Ubex
UBEX
|
0.76337177 |
details, prediction |
This report should be leaned to get most info about heading trends.
It means that Olympus Labs 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 Olympus Labs
Low correlated currencies
Coin |
Correlation |
Links |
First tier
|
SONM
SNM
|
-0.44044766 |
details, prediction |
Matic Network
MATIC
|
-0.3984337 |
details, prediction |
Chiliz
CHZ
|
-0.38085207 |
details, prediction |
USD//Coin
USDC
|
-0.36090648 |
details, prediction |
ChainLink
LINK
|
-0.35899466 |
details, prediction |
Second tier
|
Synthetix Network Token
SNX
|
-0.5226564 |
details, prediction |
FTX Token
FTT
|
-0.51320523 |
details, prediction |
EthLend
LEND
|
-0.48203298 |
details, prediction |
iEx.ec
RLC
|
-0.46025163 |
details, prediction |
0x
ZRX
|
-0.44024208 |
details, prediction |
Third tier
|
Gold Bits Coin
GBC
|
-0.7353299 |
details, prediction |
Tierion
TNT
|
-0.68930554 |
details, prediction |
Ripio
RCN
|
-0.62541926 |
details, prediction |
Xaurum
XAUR
|
-0.54331815 |
details, prediction |
Seele
SEELE
|
-0.5343417 |
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)