Highly correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
Ethereum
ETH
|
0.6721602 |
details, prediction |
Monero
XMR
|
0.6180838 |
details, prediction |
ChainLink
LINK
|
0.607129 |
details, prediction |
Litecoin
LTC
|
0.599738 |
details, prediction |
TRON
TRX
|
0.55505687 |
details, prediction |
|
Second tier
|
DigiByte
DGB
|
0.8126464 |
details, prediction |
Decred
DCR
|
0.68894935 |
details, prediction |
Bitcoin SV
BSV
|
0.6774713 |
details, prediction |
HoloToken
HOT
|
0.5976608 |
details, prediction |
Vechain
VET
|
0.33476922 |
details, prediction |
|
Third tier
|
Hydro Protocol
HOT
|
0.63516 |
details, prediction |
Dero
DERO
|
0.4919739 |
details, prediction |
Bancor
BNT
|
0.4679083 |
details, prediction |
NKN
NKN
|
0.4057308 |
details, prediction |
Constellation
DAG
|
0.37423766 |
details, prediction |
This report should be leaned to get most info about heading trends.
It means that V Systems 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 V Systems
Low correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
Stellar
XLM
|
-0.5450386 |
details, prediction |
Dogecoin
DOGE
|
-0.2407091 |
details, prediction |
Ethereum Classic
ETC
|
-0.13210061 |
details, prediction |
KuCoin Shares
KCS
|
-0.12652268 |
details, prediction |
XRP
XRP
|
0.26388362 |
details, prediction |
|
Second tier
|
Telcoin
TEL
|
-0.8048073 |
details, prediction |
Chiliz
CHZ
|
-0.8028459 |
details, prediction |
FTX Token
FTT
|
-0.77945065 |
details, prediction |
Basic Attention Token
BAT
|
-0.762797 |
details, prediction |
Zilliqa
ZIL
|
-0.7472547 |
details, prediction |
|
Third tier
|
SwftCoin
SWFTC
|
-0.782136 |
details, prediction |
Kambria
KAT
|
-0.7588177 |
details, prediction |
BABB
BAX
|
-0.75485414 |
details, prediction |
ICON
ICX
|
-0.7520534 |
details, prediction |
Enjin Coin
ENJ
|
-0.7360124 |
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)