Highly correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
ChainLink
LINK
|
0.86462367 |
details, prediction |
Ethereum
ETH
|
0.8637764 |
details, prediction |
ZCash
ZEC
|
0.80579454 |
details, prediction |
Monero
XMR
|
0.7715876 |
details, prediction |
Bitcoin
BTC
|
0.766116 |
details, prediction |
|
Second tier
|
HoloToken
HOT
|
0.72507936 |
details, prediction |
DigiByte
DGB
|
0.6690965 |
details, prediction |
Vechain
VET
|
0.591458 |
details, prediction |
QTUM
QTUM
|
0.5773195 |
details, prediction |
Decred
DCR
|
0.5528512 |
details, prediction |
|
Third tier
|
Dero
DERO
|
0.7438849 |
details, prediction |
SysCoin
SYS
|
0.7376887 |
details, prediction |
Achain
ACT
|
0.7168132 |
details, prediction |
V Systems
VSYS
|
0.67024183 |
details, prediction |
Hydro Protocol
HOT
|
0.6555851 |
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
|
Stellar
XLM
|
-0.19524781 |
details, prediction |
Dogecoin
DOGE
|
0.12703332 |
details, prediction |
Ethereum Classic
ETC
|
0.15759842 |
details, prediction |
KuCoin Shares
KCS
|
0.29652682 |
details, prediction |
Bitcoin Cash
BCH
|
0.5041012 |
details, prediction |
|
Second tier
|
Waves
WAVES
|
-0.57001454 |
details, prediction |
Ravencoin
RVN
|
-0.54526293 |
details, prediction |
Dai
DAI
|
-0.52360195 |
details, prediction |
Telcoin
TEL
|
-0.4995873 |
details, prediction |
aelf
ELF
|
-0.44440818 |
details, prediction |
|
Third tier
|
ICON
ICX
|
-0.7210537 |
details, prediction |
Matrix AI Network
MAN
|
-0.6579566 |
details, prediction |
BABB
BAX
|
-0.6482952 |
details, prediction |
Storj
STORJ
|
-0.56316656 |
details, prediction |
OPEN Platform
OPEN
|
-0.5605423 |
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)