Highly correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
Ethereum
ETH
|
0.92329854 |
details, prediction |
Litecoin
LTC
|
0.8945519 |
details, prediction |
KuCoin Shares
KCS
|
0.8846125 |
details, prediction |
Cardano
ADA
|
0.8530968 |
details, prediction |
Bitcoin Cash
BCH
|
0.83825916 |
details, prediction |
|
Second tier
|
Decentraland
MANA
|
0.93477494 |
details, prediction |
Vechain
VET
|
0.9341025 |
details, prediction |
Status
SNT
|
0.9287419 |
details, prediction |
NEO
NEO
|
0.9267 |
details, prediction |
QTUM
QTUM
|
0.92452955 |
details, prediction |
|
Third tier
|
LAToken
LA
|
0.9566837 |
details, prediction |
Power Ledger
POWR
|
0.929441 |
details, prediction |
Gas
GAS
|
0.92884904 |
details, prediction |
ICON
ICX
|
0.92102754 |
details, prediction |
Lisk
LSK
|
0.91957754 |
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
|
-0.62738013 |
details, prediction |
UNUS SED LEO
LEO
|
-0.541654 |
details, prediction |
TRON
TRX
|
-0.07079882 |
details, prediction |
ZCash
ZEC
|
-0.056478567 |
details, prediction |
Binance Coin
BNB
|
0.26043493 |
details, prediction |
|
Second tier
|
Dai
DAI
|
-0.71909165 |
details, prediction |
USD//Coin
USDC
|
-0.6298912 |
details, prediction |
OriginTrail
TRAC
|
-0.53059113 |
details, prediction |
Telcoin
TEL
|
-0.35245377 |
details, prediction |
True USD
TUSD
|
-0.18508573 |
details, prediction |
|
Third tier
|
FunFair
FUN
|
-0.43856296 |
details, prediction |
Komodo
KMD
|
-0.20024016 |
details, prediction |
OPEN Platform
OPEN
|
-0.06358342 |
details, prediction |
Chronobank
TIME
|
-0.03996666 |
details, prediction |
V Systems
VSYS
|
0.02746685 |
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)