Highly correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
Monero
XMR
|
0.74977463 |
details, prediction |
Maker
MKR
|
0.6668521 |
details, prediction |
Cardano
ADA
|
0.6461745 |
details, prediction |
KuCoin Shares
KCS
|
0.6313121 |
details, prediction |
Litecoin
LTC
|
0.6174992 |
details, prediction |
|
Second tier
|
Ardor
ARDR
|
0.71299845 |
details, prediction |
DigiByte
DGB
|
0.69092095 |
details, prediction |
Bitcoin Gold
BTG
|
0.6770537 |
details, prediction |
Decentraland
MANA
|
0.6758966 |
details, prediction |
Status
SNT
|
0.66194844 |
details, prediction |
|
Third tier
|
WorldCoin
WDC
|
0.7587185 |
details, prediction |
TTC Protocol
TTC
|
0.7561484 |
details, prediction |
Ternio
TERN
|
0.74248886 |
details, prediction |
Bitshares
BTS
|
0.73803234 |
details, prediction |
Copytrack
CPY
|
0.73406786 |
details, prediction |
This report should be leaned to get most info about heading trends.
It means that Synergy 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 Synergy
Low correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
ChainLink
LINK
|
-0.3945629 |
details, prediction |
Dogecoin
DOGE
|
-0.020805411 |
details, prediction |
Binance Coin
BNB
|
0.3237434 |
details, prediction |
SONM
SNM
|
0.41607288 |
details, prediction |
Stellar
XLM
|
0.46729338 |
details, prediction |
|
Second tier
|
True USD
TUSD
|
-0.6606728 |
details, prediction |
Ravencoin
RVN
|
-0.33391574 |
details, prediction |
HoloToken
HOT
|
-0.27687684 |
details, prediction |
Dai
DAI
|
0.04255234 |
details, prediction |
Nano
NANO
|
0.16401857 |
details, prediction |
|
Third tier
|
MegaCoin
MEC
|
-0.63170314 |
details, prediction |
BitConnect
BCC
|
-0.61097467 |
details, prediction |
Vtorrent
VTR
|
-0.59761566 |
details, prediction |
Speed Mining Service
SMS
|
-0.48236123 |
details, prediction |
MediBloc
MED
|
-0.46340305 |
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)