Highly correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
UNUS SED LEO
LEO
|
0.8488802 |
details, prediction |
Ethereum
ETH
|
0.7779792 |
details, prediction |
Bitcoin
BTC
|
0.748754 |
details, prediction |
ZCash
ZEC
|
0.6712837 |
details, prediction |
ChainLink
LINK
|
0.6005654 |
details, prediction |
|
Second tier
|
Algorand
ALGO
|
0.8173694 |
details, prediction |
DASH
DASH
|
0.4806657 |
details, prediction |
0x
ZRX
|
0.48027837 |
details, prediction |
HoloToken
HOT
|
0.4045557 |
details, prediction |
Theta
THETA
|
0.39301127 |
details, prediction |
|
Third tier
|
Metal
MTL
|
0.6579312 |
details, prediction |
HEROcoin
PLAY
|
0.55777556 |
details, prediction |
Enjin Coin
ENJ
|
0.53685117 |
details, prediction |
V Systems
VSYS
|
0.51733017 |
details, prediction |
Bancor
BNT
|
0.46949318 |
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
|
Bitcoin Cash
BCH
|
-0.42208487 |
details, prediction |
Cardano
ADA
|
-0.07461583 |
details, prediction |
Crypto.com Chain
CRO
|
-0.013371829 |
details, prediction |
Stellar
XLM
|
0.0899824 |
details, prediction |
Binance Coin
BNB
|
0.15732192 |
details, prediction |
|
Second tier
|
Dai
DAI
|
-0.46160915 |
details, prediction |
Verge
XVG
|
-0.42921403 |
details, prediction |
Waves
WAVES
|
-0.3008392 |
details, prediction |
USD//Coin
USDC
|
-0.27590775 |
details, prediction |
Zilliqa
ZIL
|
-0.26624805 |
details, prediction |
|
Third tier
|
Dero
DERO
|
-0.46925938 |
details, prediction |
Wanchain
WAN
|
-0.44881627 |
details, prediction |
Dent
DENT
|
-0.37936333 |
details, prediction |
NKN
NKN
|
-0.37307814 |
details, prediction |
FunFair
FUN
|
-0.3605206 |
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)