Highly correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
Bitcoin Cash
BCH
|
0.9135945 |
details, prediction |
Ethereum
ETH
|
0.9135699 |
details, prediction |
Litecoin
LTC
|
0.840479 |
details, prediction |
XRP
XRP
|
0.8298485 |
details, prediction |
KuCoin Shares
KCS
|
0.82188106 |
details, prediction |
|
Second tier
|
HoloToken
HOT
|
0.9190216 |
details, prediction |
Ravencoin
RVN
|
0.90696836 |
details, prediction |
Vechain
VET
|
0.90364885 |
details, prediction |
Theta Fuel
TFUEL
|
0.8995366 |
details, prediction |
Nexo
NEXO
|
0.898268 |
details, prediction |
|
Third tier
|
SingularityNET
AGI
|
0.9678382 |
details, prediction |
LAToken
LA
|
0.9621883 |
details, prediction |
Ontology
ONT
|
0.9422165 |
details, prediction |
AdEx
ADX
|
0.9365685 |
details, prediction |
Hydro Protocol
HOT
|
0.92506367 |
details, prediction |
This report should be leaned to get most info about heading trends.
It means that SysCoin 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 SysCoin
Low correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
Stellar
XLM
|
-0.558303 |
details, prediction |
ZCash
ZEC
|
-0.38834235 |
details, prediction |
TRON
TRX
|
-0.3597954 |
details, prediction |
Binance Coin
BNB
|
0.19168583 |
details, prediction |
Monero
XMR
|
0.52411544 |
details, prediction |
|
Second tier
|
Dai
DAI
|
-0.9352557 |
details, prediction |
USD//Coin
USDC
|
-0.87893254 |
details, prediction |
OriginTrail
TRAC
|
-0.6934869 |
details, prediction |
Telcoin
TEL
|
-0.66563255 |
details, prediction |
True USD
TUSD
|
0.011313367 |
details, prediction |
|
Third tier
|
V Systems
VSYS
|
-0.22010289 |
details, prediction |
Constellation
DAG
|
0.06882527 |
details, prediction |
Matrix AI Network
MAN
|
0.18936902 |
details, prediction |
Komodo
KMD
|
0.3293127 |
details, prediction |
Dero
DERO
|
0.37728637 |
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)