Highly correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
Cardano
ADA
|
0.905814 |
details, prediction |
Ethereum Classic
ETC
|
0.8803085 |
details, prediction |
KuCoin Shares
KCS
|
0.8793025 |
details, prediction |
Bitcoin Cash
BCH
|
0.8739738 |
details, prediction |
ZCash
ZEC
|
0.867825 |
details, prediction |
|
Second tier
|
Theta Fuel
TFUEL
|
0.9701637 |
details, prediction |
Synthetix Network Token
SNX
|
0.9643624 |
details, prediction |
Bitcoin Gold
BTG
|
0.96389866 |
details, prediction |
Status
SNT
|
0.95989895 |
details, prediction |
Siacoin
SC
|
0.9583081 |
details, prediction |
|
Third tier
|
Internet of Services
IOST
|
0.976062 |
details, prediction |
IoTeX
IOTX
|
0.9682671 |
details, prediction |
ICON
ICX
|
0.96326566 |
details, prediction |
Storj
STORJ
|
0.9602931 |
details, prediction |
PIVX
PIVX
|
0.96025145 |
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
|
-0.6393874 |
details, prediction |
UNUS SED LEO
LEO
|
0.14154978 |
details, prediction |
Binance Coin
BNB
|
0.65364987 |
details, prediction |
ChainLink
LINK
|
0.6853658 |
details, prediction |
Stellar
XLM
|
0.70102453 |
details, prediction |
|
Second tier
|
Decred
DCR
|
-0.28976047 |
details, prediction |
Dai
DAI
|
-0.23340835 |
details, prediction |
True USD
TUSD
|
0.16786462 |
details, prediction |
Nexo
NEXO
|
0.39009902 |
details, prediction |
USD//Coin
USDC
|
0.6325918 |
details, prediction |
|
Third tier
|
Ontology
ONT
|
-0.25281665 |
details, prediction |
Dent
DENT
|
-0.21338052 |
details, prediction |
Propy
PRO
|
0.13187008 |
details, prediction |
OPEN Platform
OPEN
|
0.1636349 |
details, prediction |
NKN
NKN
|
0.17206497 |
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)