Highly correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
Bitcoin Cash
BCH
|
0.8796513 |
details, prediction |
Ethereum
ETH
|
0.8472778 |
details, prediction |
Litecoin
LTC
|
0.8421005 |
details, prediction |
Ethereum Classic
ETC
|
0.84111154 |
details, prediction |
ChainLink
LINK
|
0.8328689 |
details, prediction |
|
Second tier
|
Theta
THETA
|
0.9092933 |
details, prediction |
Vechain
VET
|
0.9090245 |
details, prediction |
HoloToken
HOT
|
0.9042028 |
details, prediction |
0x
ZRX
|
0.9032622 |
details, prediction |
Ravencoin
RVN
|
0.89208204 |
details, prediction |
|
Third tier
|
AdEx
ADX
|
0.92585844 |
details, prediction |
Hydro Protocol
HOT
|
0.91441536 |
details, prediction |
Enjin Coin
ENJ
|
0.89401096 |
details, prediction |
Lisk
LSK
|
0.8878097 |
details, prediction |
Ontology
ONT
|
0.8742287 |
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
|
-0.54222214 |
details, prediction |
TRON
TRX
|
0.06761233 |
details, prediction |
Binance Coin
BNB
|
0.39518574 |
details, prediction |
ZCash
ZEC
|
0.44332772 |
details, prediction |
Monero
XMR
|
0.7084303 |
details, prediction |
|
Second tier
|
Dai
DAI
|
-0.9572474 |
details, prediction |
USD//Coin
USDC
|
-0.93404067 |
details, prediction |
True USD
TUSD
|
-0.17390008 |
details, prediction |
Cosmos
ATOM
|
0.39429724 |
details, prediction |
OriginTrail
TRAC
|
0.5146809 |
details, prediction |
|
Third tier
|
BABB
BAX
|
-0.4747549 |
details, prediction |
OPEN Platform
OPEN
|
-0.3110019 |
details, prediction |
Phantasma
SOUL
|
-0.0033686555 |
details, prediction |
Matrix AI Network
MAN
|
0.24859256 |
details, prediction |
Propy
PRO
|
0.47389442 |
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)