Highly correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
Ethereum
ETH
|
0.8875794 |
details, prediction |
ChainLink
LINK
|
0.88641363 |
details, prediction |
Bitcoin
BTC
|
0.8325037 |
details, prediction |
Binance Coin
BNB
|
0.81429964 |
details, prediction |
Monero
XMR
|
0.8122385 |
details, prediction |
|
Second tier
|
HoloToken
HOT
|
0.75407624 |
details, prediction |
QTUM
QTUM
|
0.73998314 |
details, prediction |
Vechain
VET
|
0.7069609 |
details, prediction |
Decred
DCR
|
0.69159794 |
details, prediction |
DigiByte
DGB
|
0.6913288 |
details, prediction |
|
Third tier
|
Bancor
BNT
|
0.7796957 |
details, prediction |
Dent
DENT
|
0.7244403 |
details, prediction |
Hydro Protocol
HOT
|
0.6622434 |
details, prediction |
V Systems
VSYS
|
0.5905746 |
details, prediction |
Stox
STX
|
0.573945 |
details, prediction |
This report should be leaned to get most info about heading trends.
It means that Bitcoin SV 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 Bitcoin SV
Low correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
Stellar
XLM
|
-0.24308619 |
details, prediction |
KuCoin Shares
KCS
|
0.13732204 |
details, prediction |
Ethereum Classic
ETC
|
0.34849852 |
details, prediction |
Dogecoin
DOGE
|
0.36104318 |
details, prediction |
TRON
TRX
|
0.47614914 |
details, prediction |
|
Second tier
|
Ravencoin
RVN
|
-0.72771597 |
details, prediction |
Waves
WAVES
|
-0.6617499 |
details, prediction |
aelf
ELF
|
-0.63413364 |
details, prediction |
Chiliz
CHZ
|
-0.59161294 |
details, prediction |
Telcoin
TEL
|
-0.58768946 |
details, prediction |
|
Third tier
|
ICON
ICX
|
-0.8540544 |
details, prediction |
Matrix AI Network
MAN
|
-0.7728938 |
details, prediction |
BABB
BAX
|
-0.7092977 |
details, prediction |
Storj
STORJ
|
-0.7089397 |
details, prediction |
OPEN Platform
OPEN
|
-0.6509603 |
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)