Highly correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
Maker
MKR
|
0.6001264 |
details, prediction |
ChainLink
LINK
|
0.38737658 |
details, prediction |
XRP
XRP
|
0.27040565 |
details, prediction |
TRON
TRX
|
0.25794026 |
details, prediction |
Stellar
XLM
|
0.24446023 |
details, prediction |
|
Second tier
|
Ravencoin
RVN
|
0.6962938 |
details, prediction |
Nexo
NEXO
|
0.5869571 |
details, prediction |
Request Network
REQ
|
0.56457037 |
details, prediction |
Bitcoin Gold
BTG
|
0.50180966 |
details, prediction |
Quant Network
QNT
|
0.478891 |
details, prediction |
|
Third tier
|
Tidex Token
TDX
|
0.8775389 |
details, prediction |
DAEX
DAX
|
0.8592024 |
details, prediction |
Pillar
PLR
|
0.8487526 |
details, prediction |
Haven Protocol
XHV
|
0.75733083 |
details, prediction |
WorldCoin
WDC
|
0.65380734 |
details, prediction |
This report should be leaned to get most info about heading trends.
It means that Oyster Pearl 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 Oyster Pearl
Low correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
Ethereum Classic
ETC
|
-0.17775512 |
details, prediction |
Dogecoin
DOGE
|
-0.08945364 |
details, prediction |
Bitcoin Cash
BCH
|
-0.068104565 |
details, prediction |
Ethereum
ETH
|
-0.06392187 |
details, prediction |
Litecoin
LTC
|
-0.04493185 |
details, prediction |
|
Second tier
|
USD//Coin
USDC
|
-0.36356923 |
details, prediction |
Vechain
VET
|
-0.18267955 |
details, prediction |
DASH
DASH
|
-0.16400409 |
details, prediction |
Horizen
ZEN
|
-0.12661126 |
details, prediction |
Waves
WAVES
|
-0.10108892 |
details, prediction |
|
Third tier
|
BitCrystals
BCY
|
-0.61682594 |
details, prediction |
STASIS EURS
EURS
|
-0.59134746 |
details, prediction |
DeviantCoin
DEV
|
-0.5875281 |
details, prediction |
TerraCoin
TRC
|
-0.55830497 |
details, prediction |
BitConnect
BCC
|
-0.53495574 |
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)