Highly correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
Ethereum
ETH
|
0.89987665 |
details, prediction |
Litecoin
LTC
|
0.89800304 |
details, prediction |
Bitcoin Cash
BCH
|
0.8822567 |
details, prediction |
Cardano
ADA
|
0.8567642 |
details, prediction |
Bitcoin
BTC
|
0.856234 |
details, prediction |
|
Second tier
|
HoloToken
HOT
|
0.9304821 |
details, prediction |
0x
ZRX
|
0.8852597 |
details, prediction |
Decentraland
MANA
|
0.8707443 |
details, prediction |
Vechain
VET
|
0.8576007 |
details, prediction |
Tezos
XTZ
|
0.851441 |
details, prediction |
|
Third tier
|
Hydro Protocol
HOT
|
0.92199653 |
details, prediction |
SysCoin
SYS
|
0.88404596 |
details, prediction |
Gas
GAS
|
0.823454 |
details, prediction |
Lisk
LSK
|
0.81246996 |
details, prediction |
Bancor
BNT
|
0.79856807 |
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
|
-0.5577166 |
details, prediction |
TRON
TRX
|
0.088046856 |
details, prediction |
ZCash
ZEC
|
0.193015 |
details, prediction |
Binance Coin
BNB
|
0.5292205 |
details, prediction |
Crypto.com Chain
CRO
|
0.5998694 |
details, prediction |
|
Second tier
|
Dai
DAI
|
-0.86696166 |
details, prediction |
USD//Coin
USDC
|
-0.7694213 |
details, prediction |
True USD
TUSD
|
-0.2852618 |
details, prediction |
OriginTrail
TRAC
|
-0.16462582 |
details, prediction |
Telcoin
TEL
|
-0.12699386 |
details, prediction |
|
Third tier
|
BABB
BAX
|
0.07825605 |
details, prediction |
V Systems
VSYS
|
0.13141263 |
details, prediction |
OPEN Platform
OPEN
|
0.1853822 |
details, prediction |
Propy
PRO
|
0.19661607 |
details, prediction |
Matrix AI Network
MAN
|
0.2956961 |
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)