Highly correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
Bitcoin Cash
BCH
|
0.9094502 |
details, prediction |
Crypto.com Chain
CRO
|
0.84809244 |
details, prediction |
Litecoin
LTC
|
0.75340915 |
details, prediction |
Cardano
ADA
|
0.7361877 |
details, prediction |
Ethereum
ETH
|
0.73403573 |
details, prediction |
|
Second tier
|
Bitcoin Gold
BTG
|
0.8990054 |
details, prediction |
aelf
ELF
|
0.8758605 |
details, prediction |
Theta Fuel
TFUEL
|
0.8722339 |
details, prediction |
Waves
WAVES
|
0.8651157 |
details, prediction |
Decred
DCR
|
0.8587345 |
details, prediction |
|
Third tier
|
SingularityNET
AGI
|
0.97915804 |
details, prediction |
LAToken
LA
|
0.96619266 |
details, prediction |
PIVX
PIVX
|
0.9307705 |
details, prediction |
Loopring
LRC
|
0.9164145 |
details, prediction |
Steem
STEEM
|
0.90056735 |
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
|
UNUS SED LEO
LEO
|
-0.9977459 |
details, prediction |
ZCash
ZEC
|
-0.6786139 |
details, prediction |
TRON
TRX
|
-0.6436925 |
details, prediction |
Stellar
XLM
|
-0.47021565 |
details, prediction |
Binance Coin
BNB
|
-0.15182078 |
details, prediction |
|
Second tier
|
OriginTrail
TRAC
|
-0.784453 |
details, prediction |
Telcoin
TEL
|
-0.6045517 |
details, prediction |
USD//Coin
USDC
|
-0.4470931 |
details, prediction |
Dai
DAI
|
-0.41806155 |
details, prediction |
Cosmos
ATOM
|
-0.33733985 |
details, prediction |
|
Third tier
|
V Systems
VSYS
|
-0.48557618 |
details, prediction |
HEROcoin
PLAY
|
-0.2811588 |
details, prediction |
OPEN Platform
OPEN
|
-0.19664408 |
details, prediction |
Constellation
DAG
|
0.011057828 |
details, prediction |
Bancor
BNT
|
0.021741837 |
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)