Highly correlated currencies
Coin |
Correlation |
Links |
First tier
|
ChainLink
LINK
|
0.84970146 |
details, prediction |
NEO
NEO
|
0.8462113 |
details, prediction |
Monero
XMR
|
0.83428466 |
details, prediction |
Cardano
ADA
|
0.8333598 |
details, prediction |
Dogecoin
DOGE
|
0.83133745 |
details, prediction |
Second tier
|
EthLend
LEND
|
0.8592541 |
details, prediction |
Gnosis
GNO
|
0.85611916 |
details, prediction |
Status
SNT
|
0.8548142 |
details, prediction |
NEM
XEM
|
0.8545745 |
details, prediction |
Request Network
REQ
|
0.8531255 |
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 |
Theta
THETA
|
-6.3227786E-4 |
details, prediction |
SONM
SNM
|
0.56582326 |
details, prediction |
TRON
TRX
|
0.6256753 |
details, prediction |
Ethereum
ETH
|
0.64555013 |
details, prediction |
Second tier
|
Huobi Token
HT
|
-0.37044072 |
details, prediction |
Tezos
XTZ
|
0.018499047 |
details, prediction |
True USD
TUSD
|
0.035248183 |
details, prediction |
Decred
DCR
|
0.079410106 |
details, prediction |
Dai
DAI
|
0.3274897 |
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)