Highly correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
Ethereum
ETH
|
0.85506624 |
details, prediction |
ChainLink
LINK
|
0.83872813 |
details, prediction |
Litecoin
LTC
|
0.8295323 |
details, prediction |
Bitcoin Cash
BCH
|
0.80167335 |
details, prediction |
Cardano
ADA
|
0.79225993 |
details, prediction |
|
Second tier
|
HoloToken
HOT
|
0.86847085 |
details, prediction |
0x
ZRX
|
0.77274376 |
details, prediction |
Decred
DCR
|
0.7663885 |
details, prediction |
Decentraland
MANA
|
0.7644235 |
details, prediction |
Vechain
VET
|
0.75106114 |
details, prediction |
|
Third tier
|
SysCoin
SYS
|
0.8852925 |
details, prediction |
Hydro Protocol
HOT
|
0.84819984 |
details, prediction |
Dero
DERO
|
0.8088473 |
details, prediction |
Bancor
BNT
|
0.7121968 |
details, prediction |
AdEx
ADX
|
0.69958925 |
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
|
Stellar
XLM
|
-0.44372645 |
details, prediction |
TRON
TRX
|
0.39662418 |
details, prediction |
KuCoin Shares
KCS
|
0.42745557 |
details, prediction |
Dogecoin
DOGE
|
0.5475494 |
details, prediction |
Binance Coin
BNB
|
0.5506383 |
details, prediction |
|
Second tier
|
Dai
DAI
|
-0.83452135 |
details, prediction |
USD//Coin
USDC
|
-0.6364728 |
details, prediction |
True USD
TUSD
|
-0.16246131 |
details, prediction |
OriginTrail
TRAC
|
-0.0676347 |
details, prediction |
Telcoin
TEL
|
1.1517587E-4 |
details, prediction |
|
Third tier
|
BABB
BAX
|
-0.56586164 |
details, prediction |
OPEN Platform
OPEN
|
-0.32580727 |
details, prediction |
SingularityNET
AGI
|
-0.055925228 |
details, prediction |
Dent
DENT
|
0.029456872 |
details, prediction |
Kambria
KAT
|
0.09557975 |
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)