Highly correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
Monero
XMR
|
0.6947641 |
details, prediction |
Litecoin
LTC
|
0.6214414 |
details, prediction |
ChainLink
LINK
|
0.53611904 |
details, prediction |
Dogecoin
DOGE
|
0.5277089 |
details, prediction |
Bitcoin
BTC
|
0.5184357 |
details, prediction |
|
Second tier
|
Digix DAO
DGD
|
0.8694334 |
details, prediction |
SwissBorg
CHSB
|
0.85306275 |
details, prediction |
Verge
XVG
|
0.8185204 |
details, prediction |
Nano
NANO
|
0.77017426 |
details, prediction |
Request Network
REQ
|
0.7177099 |
details, prediction |
|
Third tier
|
Unibright
UBT
|
0.93477094 |
details, prediction |
NKN
NKN
|
0.9230583 |
details, prediction |
Envion
EVN
|
0.92257047 |
details, prediction |
DeviantCoin
DEV
|
0.92021126 |
details, prediction |
SyncFab
MFG
|
0.90618825 |
details, prediction |
This report should be leaned to get most info about heading trends.
It means that PiplCoin 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 PiplCoin
Low correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
Binance Coin
BNB
|
-0.45840034 |
details, prediction |
SONM
SNM
|
-0.1005546 |
details, prediction |
Ethereum
ETH
|
0.04452771 |
details, prediction |
TRON
TRX
|
0.12248544 |
details, prediction |
Bitcoin Cash
BCH
|
0.14570391 |
details, prediction |
|
Second tier
|
Huobi Token
HT
|
-0.8743023 |
details, prediction |
Theta
THETA
|
-0.59778035 |
details, prediction |
Decred
DCR
|
-0.5551637 |
details, prediction |
Tezos
XTZ
|
-0.4920608 |
details, prediction |
Zilliqa
ZIL
|
-0.32467973 |
details, prediction |
|
Third tier
|
Pundi X [OLD]
PXS
|
-0.8280269 |
details, prediction |
WeAreSatoshi
WSX
|
-0.8017225 |
details, prediction |
Bibox Token
BIX
|
-0.7925782 |
details, prediction |
Nework
NKC
|
-0.708767 |
details, prediction |
Bitcedi
BXC
|
-0.6644152 |
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)