Highly correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
Bitcoin Cash
BCH
|
0.9206742 |
details, prediction |
Crypto.com Chain
CRO
|
0.85443735 |
details, prediction |
Ethereum
ETH
|
0.8273709 |
details, prediction |
Litecoin
LTC
|
0.8164153 |
details, prediction |
KuCoin Shares
KCS
|
0.8031305 |
details, prediction |
|
Second tier
|
Decred
DCR
|
0.9122717 |
details, prediction |
Bitcoin Gold
BTG
|
0.9079538 |
details, prediction |
aelf
ELF
|
0.8955498 |
details, prediction |
Waves
WAVES
|
0.8935632 |
details, prediction |
Theta Fuel
TFUEL
|
0.88222593 |
details, prediction |
|
Third tier
|
SingularityNET
AGI
|
0.97809833 |
details, prediction |
LAToken
LA
|
0.96602595 |
details, prediction |
PIVX
PIVX
|
0.91709244 |
details, prediction |
Steem
STEEM
|
0.8994704 |
details, prediction |
BABB
BAX
|
0.8847113 |
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
|
Stellar
XLM
|
-0.5957913 |
details, prediction |
ZCash
ZEC
|
-0.59523064 |
details, prediction |
TRON
TRX
|
-0.44895113 |
details, prediction |
Binance Coin
BNB
|
0.005475386 |
details, prediction |
Monero
XMR
|
0.13074446 |
details, prediction |
|
Second tier
|
OriginTrail
TRAC
|
-0.7662249 |
details, prediction |
Telcoin
TEL
|
-0.70750624 |
details, prediction |
Dai
DAI
|
-0.5082623 |
details, prediction |
USD//Coin
USDC
|
-0.47364587 |
details, prediction |
Cosmos
ATOM
|
-0.25547105 |
details, prediction |
|
Third tier
|
V Systems
VSYS
|
-0.2856274 |
details, prediction |
Chronobank
TIME
|
-0.26247972 |
details, prediction |
OPEN Platform
OPEN
|
-0.17448881 |
details, prediction |
FunFair
FUN
|
0.16953617 |
details, prediction |
HEROcoin
PLAY
|
0.20925154 |
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)