Highly correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
Bitcoin
BTC
|
0.7992536 |
details, prediction |
Ethereum
ETH
|
0.76790637 |
details, prediction |
ZCash
ZEC
|
0.75240785 |
details, prediction |
ChainLink
LINK
|
0.7037827 |
details, prediction |
Monero
XMR
|
0.6406324 |
details, prediction |
|
Second tier
|
Algorand
ALGO
|
0.8560388 |
details, prediction |
0x
ZRX
|
0.6035991 |
details, prediction |
DASH
DASH
|
0.57281524 |
details, prediction |
NEO
NEO
|
0.52305657 |
details, prediction |
Theta
THETA
|
0.4995996 |
details, prediction |
|
Third tier
|
Metal
MTL
|
0.70565224 |
details, prediction |
V Systems
VSYS
|
0.6088189 |
details, prediction |
Enjin Coin
ENJ
|
0.59594846 |
details, prediction |
HEROcoin
PLAY
|
0.58042085 |
details, prediction |
Bancor
BNT
|
0.5628023 |
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
|
Bitcoin Cash
BCH
|
-0.65834 |
details, prediction |
Crypto.com Chain
CRO
|
-0.3766626 |
details, prediction |
Cardano
ADA
|
-0.17809948 |
details, prediction |
Stellar
XLM
|
-0.13372439 |
details, prediction |
Binance Coin
BNB
|
0.09971297 |
details, prediction |
|
Second tier
|
Dai
DAI
|
-0.70503575 |
details, prediction |
Verge
XVG
|
-0.65614355 |
details, prediction |
Ardor
ARDR
|
-0.6058072 |
details, prediction |
Waves
WAVES
|
-0.5674567 |
details, prediction |
USD//Coin
USDC
|
-0.51972497 |
details, prediction |
|
Third tier
|
SysCoin
SYS
|
-0.5987077 |
details, prediction |
PIVX
PIVX
|
-0.5733106 |
details, prediction |
Komodo
KMD
|
-0.5554089 |
details, prediction |
Wanchain
WAN
|
-0.55394983 |
details, prediction |
Elastos
ELA
|
-0.5532311 |
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)