Highly correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
ChainLink
LINK
|
0.87930465 |
details, prediction |
Crypto.com Chain
CRO
|
0.8322057 |
details, prediction |
Stellar
XLM
|
0.78395873 |
details, prediction |
Litecoin
LTC
|
0.78153545 |
details, prediction |
Ethereum
ETH
|
0.77662796 |
details, prediction |
|
Second tier
|
aelf
ELF
|
0.8812581 |
details, prediction |
Bitcoin SV
BSV
|
0.8732527 |
details, prediction |
EOS
EOS
|
0.8689913 |
details, prediction |
Chiliz
CHZ
|
0.8583301 |
details, prediction |
Cosmos
ATOM
|
0.84909135 |
details, prediction |
|
Third tier
|
Kleros
PNK
|
0.9417679 |
details, prediction |
Steem
STEEM
|
0.85336274 |
details, prediction |
Phantasma
SOUL
|
0.8446461 |
details, prediction |
Streamr DATAcoin
DATA
|
0.841778 |
details, prediction |
SwftCoin
SWFTC
|
0.8192004 |
details, prediction |
This report should be leaned to get most info about heading trends.
It means that V Systems 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 V Systems
Low correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
TRON
TRX
|
-0.30533278 |
details, prediction |
Binance Coin
BNB
|
0.3064392 |
details, prediction |
Dogecoin
DOGE
|
0.3408687 |
details, prediction |
Bitcoin Cash
BCH
|
0.36953977 |
details, prediction |
UNUS SED LEO
LEO
|
0.45641014 |
details, prediction |
|
Second tier
|
Dai
DAI
|
-0.5083038 |
details, prediction |
Decred
DCR
|
0.012636948 |
details, prediction |
True USD
TUSD
|
0.027347306 |
details, prediction |
Zilliqa
ZIL
|
0.11942981 |
details, prediction |
Verge
XVG
|
0.20818564 |
details, prediction |
|
Third tier
|
HEROcoin
PLAY
|
-0.39883903 |
details, prediction |
Kambria
KAT
|
-0.057374373 |
details, prediction |
OPEN Platform
OPEN
|
0.016745301 |
details, prediction |
Constellation
DAG
|
0.02144181 |
details, prediction |
Enjin Coin
ENJ
|
0.05677945 |
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)