Highly correlated currencies
Coin |
Correlation |
Links |
First tier
|
Monero
XMR
|
0.74977463 |
details, prediction |
Maker
MKR
|
0.6668521 |
details, prediction |
Cardano
ADA
|
0.6461745 |
details, prediction |
NEO
NEO
|
0.6330747 |
details, prediction |
KuCoin Shares
KCS
|
0.6313121 |
details, prediction |
Second tier
|
Power Ledger
POWR
|
0.7287667 |
details, prediction |
Ardor
ARDR
|
0.71299845 |
details, prediction |
DigiByte
DGB
|
0.69092095 |
details, prediction |
Loom Network
LOOM
|
0.67899835 |
details, prediction |
Bitcoin Gold
BTG
|
0.6770537 |
details, prediction |
Third tier
|
WorldCoin
WDC
|
0.7587185 |
details, prediction |
TTC Protocol
TTC
|
0.7561484 |
details, prediction |
Ternio
TERN
|
0.74248886 |
details, prediction |
Bitshares
BTS
|
0.73803234 |
details, prediction |
Copytrack
CPY
|
0.73406786 |
details, prediction |
This report should be leaned to get most info about heading trends.
It means that Synergy 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 Synergy
Low correlated currencies
Coin |
Correlation |
Links |
First tier
|
ChainLink
LINK
|
-0.3945629 |
details, prediction |
Dogecoin
DOGE
|
-0.020805411 |
details, prediction |
Tezos
XTZ
|
0.21082665 |
details, prediction |
Vechain
VET
|
0.21437007 |
details, prediction |
Binance Coin
BNB
|
0.3237434 |
details, prediction |
Second tier
|
True USD
TUSD
|
-0.6606728 |
details, prediction |
Ravencoin
RVN
|
-0.33391574 |
details, prediction |
HoloToken
HOT
|
-0.27687684 |
details, prediction |
Dai
DAI
|
0.04255234 |
details, prediction |
Nano
NANO
|
0.16401857 |
details, prediction |
Third tier
|
MegaCoin
MEC
|
-0.63170314 |
details, prediction |
BitConnect
BCC
|
-0.61097467 |
details, prediction |
Vtorrent
VTR
|
-0.59761566 |
details, prediction |
Speed Mining Service
SMS
|
-0.48236123 |
details, prediction |
MediBloc
MED
|
-0.46340305 |
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)