Highly correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
Bitcoin Cash
BCH
|
0.8415703 |
details, prediction |
Crypto.com Chain
CRO
|
0.59204286 |
details, prediction |
Cardano
ADA
|
0.44617945 |
details, prediction |
Stellar
XLM
|
0.43052042 |
details, prediction |
XRP
XRP
|
0.19066715 |
details, prediction |
|
Second tier
|
Verge
XVG
|
0.7645356 |
details, prediction |
Theta Fuel
TFUEL
|
0.7327763 |
details, prediction |
Waves
WAVES
|
0.72710353 |
details, prediction |
Ardor
ARDR
|
0.707729 |
details, prediction |
Siacoin
SC
|
0.70506966 |
details, prediction |
|
Third tier
|
Loopring
LRC
|
0.9834341 |
details, prediction |
SingularityNET
AGI
|
0.9272112 |
details, prediction |
LAToken
LA
|
0.92437404 |
details, prediction |
Komodo
KMD
|
0.9054576 |
details, prediction |
PIVX
PIVX
|
0.8613486 |
details, prediction |
This report should be leaned to get most info about heading trends.
It means that SysCoin 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 SysCoin
Low correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
UNUS SED LEO
LEO
|
-0.9838234 |
details, prediction |
TRON
TRX
|
-0.81848913 |
details, prediction |
ZCash
ZEC
|
-0.7584132 |
details, prediction |
Monero
XMR
|
-0.6347196 |
details, prediction |
Bitcoin
BTC
|
-0.618895 |
details, prediction |
|
Second tier
|
DASH
DASH
|
-0.52601427 |
details, prediction |
Telcoin
TEL
|
-0.506212 |
details, prediction |
OriginTrail
TRAC
|
-0.48718548 |
details, prediction |
Algorand
ALGO
|
-0.48034737 |
details, prediction |
Chiliz
CHZ
|
-0.39574707 |
details, prediction |
|
Third tier
|
V Systems
VSYS
|
-0.75054246 |
details, prediction |
HEROcoin
PLAY
|
-0.56157553 |
details, prediction |
OPEN Platform
OPEN
|
-0.4672364 |
details, prediction |
Constellation
DAG
|
-0.46159315 |
details, prediction |
Bancor
BNT
|
-0.4492947 |
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)