Highly correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
UNUS SED LEO
LEO
|
0.9917787 |
details, prediction |
ZCash
ZEC
|
0.69167453 |
details, prediction |
TRON
TRX
|
0.6573749 |
details, prediction |
Dogecoin
DOGE
|
0.40750703 |
details, prediction |
Ethereum Classic
ETC
|
0.36519814 |
details, prediction |
|
Second tier
|
Telcoin
TEL
|
0.62268543 |
details, prediction |
OriginTrail
TRAC
|
0.6181008 |
details, prediction |
DASH
DASH
|
0.54377884 |
details, prediction |
FTX Token
FTT
|
0.4583846 |
details, prediction |
Algorand
ALGO
|
0.406836 |
details, prediction |
|
Third tier
|
Dero
DERO
|
0.39965373 |
details, prediction |
FunFair
FUN
|
0.39735964 |
details, prediction |
Constellation
DAG
|
0.39559266 |
details, prediction |
Storj
STORJ
|
0.3641349 |
details, prediction |
Bancor
BNT
|
0.35475734 |
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
|
Crypto.com Chain
CRO
|
-0.48084882 |
details, prediction |
KuCoin Shares
KCS
|
-0.33447623 |
details, prediction |
Bitcoin Cash
BCH
|
-0.2681284 |
details, prediction |
Ethereum
ETH
|
-0.23782355 |
details, prediction |
XRP
XRP
|
-0.17481744 |
details, prediction |
|
Second tier
|
DigiByte
DGB
|
-0.46474537 |
details, prediction |
Bitcoin Gold
BTG
|
-0.4594504 |
details, prediction |
Decred
DCR
|
-0.43253118 |
details, prediction |
Ardor
ARDR
|
-0.43013716 |
details, prediction |
Verge
XVG
|
-0.38810077 |
details, prediction |
|
Third tier
|
Loopring
LRC
|
-0.9341711 |
details, prediction |
Chronobank
TIME
|
-0.70355415 |
details, prediction |
LAToken
LA
|
-0.65241975 |
details, prediction |
BABB
BAX
|
-0.5881669 |
details, prediction |
SingularityNET
AGI
|
-0.5842567 |
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)