Highly correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
ChainLink
LINK
|
0.8898555 |
details, prediction |
Stellar
XLM
|
0.87203276 |
details, prediction |
Crypto.com Chain
CRO
|
0.8472141 |
details, prediction |
Ethereum
ETH
|
0.81214917 |
details, prediction |
Litecoin
LTC
|
0.8101877 |
details, prediction |
|
Second tier
|
aelf
ELF
|
0.8873002 |
details, prediction |
Bitcoin SV
BSV
|
0.8746172 |
details, prediction |
HoloToken
HOT
|
0.8709622 |
details, prediction |
EOS
EOS
|
0.8689913 |
details, prediction |
Chiliz
CHZ
|
0.86863387 |
details, prediction |
|
Third tier
|
Kleros
PNK
|
0.9417679 |
details, prediction |
Steem
STEEM
|
0.8573289 |
details, prediction |
Hydro Protocol
HOT
|
0.8508014 |
details, prediction |
Phantasma
SOUL
|
0.8473798 |
details, prediction |
SwftCoin
SWFTC
|
0.8439875 |
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
|
-0.335011 |
details, prediction |
Binance Coin
BNB
|
0.30648738 |
details, prediction |
Dogecoin
DOGE
|
0.34920362 |
details, prediction |
Bitcoin Cash
BCH
|
0.42137408 |
details, prediction |
UNUS SED LEO
LEO
|
0.45641014 |
details, prediction |
|
Second tier
|
Dai
DAI
|
-0.5537605 |
details, prediction |
Decred
DCR
|
0.0044384007 |
details, prediction |
True USD
TUSD
|
0.01815586 |
details, prediction |
Zilliqa
ZIL
|
0.102993 |
details, prediction |
Verge
XVG
|
0.19844238 |
details, prediction |
|
Third tier
|
HEROcoin
PLAY
|
-0.35513306 |
details, prediction |
Constellation
DAG
|
-0.115698256 |
details, prediction |
Dero
DERO
|
-0.031150928 |
details, prediction |
Ontology
ONT
|
0.18719842 |
details, prediction |
Komodo
KMD
|
0.23351082 |
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)