Highly correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
Cardano
ADA
|
0.92669725 |
details, prediction |
Bitcoin Cash
BCH
|
0.90019715 |
details, prediction |
Ethereum Classic
ETC
|
0.87395245 |
details, prediction |
KuCoin Shares
KCS
|
0.8368219 |
details, prediction |
Crypto.com Chain
CRO
|
0.8365349 |
details, prediction |
|
Second tier
|
Theta Fuel
TFUEL
|
0.9632858 |
details, prediction |
Siacoin
SC
|
0.9631476 |
details, prediction |
Telcoin
TEL
|
0.96072966 |
details, prediction |
Bitcoin Gold
BTG
|
0.96028733 |
details, prediction |
Waves
WAVES
|
0.957873 |
details, prediction |
|
Third tier
|
PIVX
PIVX
|
0.9644177 |
details, prediction |
IoTeX
IOTX
|
0.96434635 |
details, prediction |
Internet of Services
IOST
|
0.96347016 |
details, prediction |
SingularityNET
AGI
|
0.96186817 |
details, prediction |
Loopring
LRC
|
0.94054246 |
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
|
TRON
TRX
|
-0.7559827 |
details, prediction |
UNUS SED LEO
LEO
|
0.14154978 |
details, prediction |
ZCash
ZEC
|
0.17219044 |
details, prediction |
Bitcoin
BTC
|
0.50083154 |
details, prediction |
Ethereum
ETH
|
0.5232129 |
details, prediction |
|
Second tier
|
Dai
DAI
|
-0.069092155 |
details, prediction |
Decred
DCR
|
-0.01187902 |
details, prediction |
True USD
TUSD
|
0.13273658 |
details, prediction |
Nexo
NEXO
|
0.23144661 |
details, prediction |
Algorand
ALGO
|
0.24718854 |
details, prediction |
|
Third tier
|
Ontology
ONT
|
-0.49506316 |
details, prediction |
OPEN Platform
OPEN
|
-0.4793959 |
details, prediction |
Kambria
KAT
|
-0.46925202 |
details, prediction |
Enjin Coin
ENJ
|
-0.37134025 |
details, prediction |
HEROcoin
PLAY
|
-0.1323037 |
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)