Highly correlated currencies
Coin |
Correlation |
Links |
First tier
|
ChainLink
LINK
|
0.9730865 |
details, prediction |
Litecoin
LTC
|
0.96481633 |
details, prediction |
Stellar
XLM
|
0.96394634 |
details, prediction |
Cardano
ADA
|
0.96302706 |
details, prediction |
Tezos
XTZ
|
0.9570597 |
details, prediction |
Second tier
|
Ravencoin
RVN
|
0.97974056 |
details, prediction |
Bancor
BNT
|
0.97197205 |
details, prediction |
Enjin Coin
ENJ
|
0.9653802 |
details, prediction |
XYO Network
XYO
|
0.9630343 |
details, prediction |
NEM
XEM
|
0.96027917 |
details, prediction |
Third tier
|
NKN
NKN
|
0.9593008 |
details, prediction |
Walton
WTC
|
0.9514263 |
details, prediction |
WAX
WAX
|
0.9479015 |
details, prediction |
Dock.io
DOCK
|
0.94495565 |
details, prediction |
Hydro Protocol
HOT
|
0.93910426 |
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
|
TRON
TRX
|
-0.20283681 |
details, prediction |
Monero
XMR
|
0.045868207 |
details, prediction |
Waves
WAVES
|
0.30837947 |
details, prediction |
UNUS SED LEO
LEO
|
0.39135113 |
details, prediction |
ZCash
ZEC
|
0.40008596 |
details, prediction |
Second tier
|
Dai
DAI
|
-0.7827678 |
details, prediction |
USD//Coin
USDC
|
-0.7637173 |
details, prediction |
Paxos Standard
PAX
|
-0.6543875 |
details, prediction |
True USD
TUSD
|
-0.5426569 |
details, prediction |
EthLend
LEND
|
-0.26928025 |
details, prediction |
Third tier
|
Envion
EVN
|
-0.6740021 |
details, prediction |
Time New Bank
TNB
|
-0.66986746 |
details, prediction |
ILCoin
ILC
|
-0.6507111 |
details, prediction |
Crypviser
CVCOIN
|
-0.6480787 |
details, prediction |
FeatherCoin
FTC
|
-0.62914795 |
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)