Highly correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
Ethereum
ETH
|
0.8097228 |
details, prediction |
KuCoin Shares
KCS
|
0.74280226 |
details, prediction |
Litecoin
LTC
|
0.7084978 |
details, prediction |
Bitcoin
BTC
|
0.6658764 |
details, prediction |
ChainLink
LINK
|
0.6480105 |
details, prediction |
|
Second tier
|
Vechain
VET
|
0.830827 |
details, prediction |
Decentraland
MANA
|
0.8307527 |
details, prediction |
Status
SNT
|
0.814573 |
details, prediction |
QTUM
QTUM
|
0.81261426 |
details, prediction |
0x
ZRX
|
0.8058151 |
details, prediction |
|
Third tier
|
LAToken
LA
|
0.9225902 |
details, prediction |
Loopring
LRC
|
0.85089576 |
details, prediction |
ICON
ICX
|
0.84754866 |
details, prediction |
AdEx
ADX
|
0.8409506 |
details, prediction |
Power Ledger
POWR
|
0.82633597 |
details, prediction |
This report should be leaned to get most info about heading trends.
It means that Bitcoin SV 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 Bitcoin SV
Low correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
UNUS SED LEO
LEO
|
-0.541654 |
details, prediction |
Stellar
XLM
|
-0.45431986 |
details, prediction |
TRON
TRX
|
-0.18273643 |
details, prediction |
Binance Coin
BNB
|
-0.089454904 |
details, prediction |
ZCash
ZEC
|
0.049232252 |
details, prediction |
|
Second tier
|
Dai
DAI
|
-0.7085457 |
details, prediction |
USD//Coin
USDC
|
-0.53910756 |
details, prediction |
OriginTrail
TRAC
|
-0.46641883 |
details, prediction |
Telcoin
TEL
|
-0.44667748 |
details, prediction |
True USD
TUSD
|
0.032076135 |
details, prediction |
|
Third tier
|
FunFair
FUN
|
-0.43856296 |
details, prediction |
Dero
DERO
|
-0.2607034 |
details, prediction |
NKN
NKN
|
-0.21780492 |
details, prediction |
Constellation
DAG
|
-0.20698035 |
details, prediction |
Komodo
KMD
|
-0.20024016 |
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)