Highly correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
Ethereum Classic
ETC
|
0.84447086 |
details, prediction |
Litecoin
LTC
|
0.8372653 |
details, prediction |
KuCoin Shares
KCS
|
0.8071791 |
details, prediction |
Ethereum
ETH
|
0.803847 |
details, prediction |
Bitcoin
BTC
|
0.73627084 |
details, prediction |
|
Second tier
|
Decentraland
MANA
|
0.93564063 |
details, prediction |
Waves
WAVES
|
0.88337475 |
details, prediction |
DigiByte
DGB
|
0.8346422 |
details, prediction |
Horizen
ZEN
|
0.82654035 |
details, prediction |
QTUM
QTUM
|
0.80358493 |
details, prediction |
|
Third tier
|
Enjin Coin
ENJ
|
0.808327 |
details, prediction |
Wanchain
WAN
|
0.80454016 |
details, prediction |
Storj
STORJ
|
0.78327596 |
details, prediction |
Gas
GAS
|
0.7597634 |
details, prediction |
Elastos
ELA
|
0.7527644 |
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
|
Monero
XMR
|
0.42119908 |
details, prediction |
Dogecoin
DOGE
|
0.5973989 |
details, prediction |
Stellar
XLM
|
0.60683566 |
details, prediction |
Binance Coin
BNB
|
0.6123075 |
details, prediction |
XRP
XRP
|
0.6474178 |
details, prediction |
|
Second tier
|
True USD
TUSD
|
-0.5990387 |
details, prediction |
USD//Coin
USDC
|
-0.58198476 |
details, prediction |
Dai
DAI
|
-0.5581885 |
details, prediction |
Ardor
ARDR
|
-0.11407905 |
details, prediction |
FTX Token
FTT
|
0.044936825 |
details, prediction |
|
Third tier
|
BABB
BAX
|
-0.3576304 |
details, prediction |
OPEN Platform
OPEN
|
-0.3347455 |
details, prediction |
Matrix AI Network
MAN
|
-0.16669194 |
details, prediction |
NEM
XEM
|
-0.1077427 |
details, prediction |
Phantasma
SOUL
|
0.010611938 |
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)