Highly correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
ZCash
ZEC
|
0.6029621 |
details, prediction |
TRON
TRX
|
0.5942367 |
details, prediction |
Ethereum Classic
ETC
|
0.33183336 |
details, prediction |
Monero
XMR
|
0.29057324 |
details, prediction |
Binance Coin
BNB
|
0.28105998 |
details, prediction |
|
Second tier
|
Telcoin
TEL
|
0.7392223 |
details, prediction |
OriginTrail
TRAC
|
0.46075273 |
details, prediction |
DASH
DASH
|
0.46013135 |
details, prediction |
FTX Token
FTT
|
0.31260675 |
details, prediction |
Cosmos
ATOM
|
0.25440714 |
details, prediction |
|
Third tier
|
FunFair
FUN
|
0.82225704 |
details, prediction |
Komodo
KMD
|
0.54718024 |
details, prediction |
Dero
DERO
|
0.44202167 |
details, prediction |
Constellation
DAG
|
0.3781519 |
details, prediction |
Storj
STORJ
|
0.2983581 |
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
|
KuCoin Shares
KCS
|
-0.32534173 |
details, prediction |
Crypto.com Chain
CRO
|
-0.15445545 |
details, prediction |
Ethereum
ETH
|
-0.1438965 |
details, prediction |
Bitcoin Cash
BCH
|
-0.0971149 |
details, prediction |
Stellar
XLM
|
-0.048067007 |
details, prediction |
|
Second tier
|
Bitcoin Gold
BTG
|
-0.28481817 |
details, prediction |
Request Network
REQ
|
-0.1789099 |
details, prediction |
DigiByte
DGB
|
-0.15510474 |
details, prediction |
Verge
XVG
|
-0.14924216 |
details, prediction |
Synthetix Network Token
SNX
|
-0.13648327 |
details, prediction |
|
Third tier
|
Chronobank
TIME
|
-0.63161784 |
details, prediction |
OPEN Platform
OPEN
|
-0.6094582 |
details, prediction |
LAToken
LA
|
-0.5710583 |
details, prediction |
SingularityNET
AGI
|
-0.4647623 |
details, prediction |
BABB
BAX
|
-0.45600164 |
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)