Highly correlated currencies
Coin |
Correlation |
Links |
First tier
|
Binance Coin
BNB
|
0.88113606 |
details, prediction |
Dogecoin
DOGE
|
0.8744447 |
details, prediction |
Monero
XMR
|
0.86511534 |
details, prediction |
Fantom
FTM
|
0.8467249 |
details, prediction |
Litecoin
LTC
|
0.8345367 |
details, prediction |
Second tier
|
Decred
DCR
|
0.89646417 |
details, prediction |
Decentraland
MANA
|
0.881823 |
details, prediction |
GXShares
GXS
|
0.8756981 |
details, prediction |
MonaCoin
MONA
|
0.8727393 |
details, prediction |
Siacoin
SC
|
0.86513686 |
details, prediction |
Third tier
|
Infinite Coin
IFC
|
0.92351997 |
details, prediction |
BHPCash
BHPC
|
0.909436 |
details, prediction |
BitKan
KAN
|
0.90803504 |
details, prediction |
RevolutionVR
RVR
|
0.9057075 |
details, prediction |
PrimeCoin
XPM
|
0.90032053 |
details, prediction |
This report should be leaned to get most info about heading trends.
It means that OptiToken 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 OptiToken
Low correlated currencies
Coin |
Correlation |
Links |
First tier
|
USD//Coin
USDC
|
0.25899112 |
details, prediction |
Matic Network
MATIC
|
0.46708345 |
details, prediction |
Ethereum Classic
ETC
|
0.4919275 |
details, prediction |
KuCoin Shares
KCS
|
0.5185456 |
details, prediction |
SONM
SNM
|
0.5246083 |
details, prediction |
Second tier
|
Synthetix Network Token
SNX
|
-0.62931824 |
details, prediction |
SwissBorg
CHSB
|
-0.5521209 |
details, prediction |
Ocean Protocol
OCEAN
|
-0.3280906 |
details, prediction |
HedgeTrade
HEDG
|
-0.32643175 |
details, prediction |
FirstBlood
1ST
|
-0.2720559 |
details, prediction |
Third tier
|
Winchain
WIN
|
-0.9105116 |
details, prediction |
Prizm
PZM
|
-0.7929596 |
details, prediction |
Dynamic Trading Rights
DTR
|
-0.78593475 |
details, prediction |
Constellation
DAG
|
-0.7122678 |
details, prediction |
Seele
SEELE
|
-0.70257103 |
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)