Highly correlated currencies
Coin |
Correlation |
Links |
First tier
|
Theta
THETA
|
0.97811556 |
details, prediction |
ChainLink
LINK
|
0.97760123 |
details, prediction |
NEO
NEO
|
0.96988916 |
details, prediction |
IOTA
IOT
|
0.968338 |
details, prediction |
Cardano
ADA
|
0.9672693 |
details, prediction |
Second tier
|
Storj
STORJ
|
0.9802312 |
details, prediction |
Dent
DENT
|
0.97422534 |
details, prediction |
Ocean Protocol
OCEAN
|
0.970384 |
details, prediction |
Theta Fuel
TFUEL
|
0.97032905 |
details, prediction |
Basic Attention Token
BAT
|
0.9698431 |
details, prediction |
Third tier
|
NKN
NKN
|
0.97599226 |
details, prediction |
Bytom
BTM
|
0.97198373 |
details, prediction |
Hydro Protocol
HOT
|
0.97105974 |
details, prediction |
Beam
BEAM
|
0.9686581 |
details, prediction |
Egretia
EGT
|
0.96705085 |
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
|
TRON
TRX
|
-0.45601758 |
details, prediction |
Monero
XMR
|
0.6363729 |
details, prediction |
KuCoin Shares
KCS
|
0.7065486 |
details, prediction |
Huobi Token
HT
|
0.80219954 |
details, prediction |
Binance Coin
BNB
|
0.87043834 |
details, prediction |
Second tier
|
True USD
TUSD
|
-0.74032307 |
details, prediction |
USD//Coin
USDC
|
-0.7299893 |
details, prediction |
Dai
DAI
|
-0.6764842 |
details, prediction |
Paxos Standard
PAX
|
-0.50252116 |
details, prediction |
EthLend
LEND
|
-0.45137456 |
details, prediction |
Third tier
|
Time New Bank
TNB
|
-0.92482704 |
details, prediction |
ILCoin
ILC
|
-0.74357533 |
details, prediction |
Gemini Dollar
GUSD
|
-0.63257486 |
details, prediction |
Envion
EVN
|
-0.58695155 |
details, prediction |
FeatherCoin
FTC
|
-0.5686351 |
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)