Highly correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
Ethereum
ETH
|
0.6185665 |
details, prediction |
ChainLink
LINK
|
0.5366856 |
details, prediction |
Monero
XMR
|
0.5289111 |
details, prediction |
Litecoin
LTC
|
0.46827632 |
details, prediction |
ZCash
ZEC
|
0.40277356 |
details, prediction |
|
Second tier
|
DigiByte
DGB
|
0.7474056 |
details, prediction |
Decred
DCR
|
0.57422227 |
details, prediction |
Bitcoin SV
BSV
|
0.56613535 |
details, prediction |
Bitcoin Gold
BTG
|
0.54748416 |
details, prediction |
HoloToken
HOT
|
0.49936777 |
details, prediction |
|
Third tier
|
NKN
NKN
|
0.79039586 |
details, prediction |
Dero
DERO
|
0.7870981 |
details, prediction |
SysCoin
SYS
|
0.7454502 |
details, prediction |
Hydro Protocol
HOT
|
0.57670087 |
details, prediction |
Propy
PRO
|
0.38959077 |
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
|
-0.4756065 |
details, prediction |
KuCoin Shares
KCS
|
-0.16365916 |
details, prediction |
Dogecoin
DOGE
|
-0.016475629 |
details, prediction |
Binance Coin
BNB
|
0.10953732 |
details, prediction |
Ethereum Classic
ETC
|
0.12488643 |
details, prediction |
|
Second tier
|
Dai
DAI
|
-0.7567957 |
details, prediction |
Telcoin
TEL
|
-0.53606576 |
details, prediction |
OriginTrail
TRAC
|
-0.31835303 |
details, prediction |
Cosmos
ATOM
|
-0.28888065 |
details, prediction |
Basic Attention Token
BAT
|
-0.2232949 |
details, prediction |
|
Third tier
|
BABB
BAX
|
-0.7312935 |
details, prediction |
OPEN Platform
OPEN
|
-0.47583556 |
details, prediction |
SingularityNET
AGI
|
-0.45465744 |
details, prediction |
Kambria
KAT
|
-0.36245808 |
details, prediction |
Stox
STX
|
-0.349333 |
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)