Highly correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
ChainLink
LINK
|
0.9169009 |
details, prediction |
Litecoin
LTC
|
0.91335154 |
details, prediction |
Cardano
ADA
|
0.90904206 |
details, prediction |
Binance Coin
BNB
|
0.9005848 |
details, prediction |
Bitcoin
BTC
|
0.89637023 |
details, prediction |
|
Second tier
|
Theta
THETA
|
0.9287472 |
details, prediction |
QTUM
QTUM
|
0.91116416 |
details, prediction |
Vechain
VET
|
0.8916704 |
details, prediction |
0x
ZRX
|
0.8848895 |
details, prediction |
HoloToken
HOT
|
0.8599074 |
details, prediction |
|
Third tier
|
Bancor
BNT
|
0.8840467 |
details, prediction |
Gas
GAS
|
0.86966664 |
details, prediction |
Stox
STX
|
0.8488721 |
details, prediction |
QuarkChain
QKC
|
0.84212583 |
details, prediction |
IoTeX
IOTX
|
0.837167 |
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
|
0.33613223 |
details, prediction |
KuCoin Shares
KCS
|
0.5843464 |
details, prediction |
Stellar
XLM
|
0.58494973 |
details, prediction |
Ethereum Classic
ETC
|
0.8357988 |
details, prediction |
Monero
XMR
|
0.8523886 |
details, prediction |
|
Second tier
|
Ravencoin
RVN
|
-0.7341199 |
details, prediction |
USD//Coin
USDC
|
-0.48435006 |
details, prediction |
True USD
TUSD
|
-0.4514438 |
details, prediction |
Telcoin
TEL
|
-0.1953646 |
details, prediction |
aelf
ELF
|
-0.17918487 |
details, prediction |
|
Third tier
|
ICON
ICX
|
-0.73558885 |
details, prediction |
Matrix AI Network
MAN
|
-0.71787554 |
details, prediction |
Storj
STORJ
|
-0.6496879 |
details, prediction |
NKN
NKN
|
-0.563328 |
details, prediction |
OPEN Platform
OPEN
|
-0.55668366 |
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)