Highly correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
Crypto.com Chain
CRO
|
0.856306 |
details, prediction |
Bitcoin Cash
BCH
|
0.7774287 |
details, prediction |
Cardano
ADA
|
0.5199771 |
details, prediction |
XRP
XRP
|
0.13845782 |
details, prediction |
Stellar
XLM
|
0.011805599 |
details, prediction |
|
Second tier
|
Telcoin
TEL
|
0.8583546 |
details, prediction |
Siacoin
SC
|
0.81413174 |
details, prediction |
Theta Fuel
TFUEL
|
0.8032727 |
details, prediction |
Verge
XVG
|
0.80137086 |
details, prediction |
Ardor
ARDR
|
0.7952794 |
details, prediction |
|
Third tier
|
Loopring
LRC
|
0.9845754 |
details, prediction |
Komodo
KMD
|
0.91159594 |
details, prediction |
PIVX
PIVX
|
0.8940969 |
details, prediction |
Stox
STX
|
0.8540064 |
details, prediction |
Constellation
DAG
|
0.8242095 |
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
|
TRON
TRX
|
-0.8007049 |
details, prediction |
Bitcoin
BTC
|
-0.67288375 |
details, prediction |
Ethereum
ETH
|
-0.6327927 |
details, prediction |
ZCash
ZEC
|
-0.6100323 |
details, prediction |
Monero
XMR
|
-0.5731611 |
details, prediction |
|
Second tier
|
Bitcoin SV
BSV
|
-0.5987077 |
details, prediction |
Algorand
ALGO
|
-0.57829094 |
details, prediction |
Nexo
NEXO
|
-0.41553673 |
details, prediction |
DASH
DASH
|
-0.4125178 |
details, prediction |
HoloToken
HOT
|
-0.3787839 |
details, prediction |
|
Third tier
|
V Systems
VSYS
|
-0.796822 |
details, prediction |
OPEN Platform
OPEN
|
-0.70223856 |
details, prediction |
HEROcoin
PLAY
|
-0.5949301 |
details, prediction |
Enjin Coin
ENJ
|
-0.5392629 |
details, prediction |
Metal
MTL
|
-0.5229464 |
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)