Highly correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
Ethereum Classic
ETC
|
0.9495955 |
details, prediction |
Cardano
ADA
|
0.9439489 |
details, prediction |
KuCoin Shares
KCS
|
0.9054364 |
details, prediction |
Crypto.com Chain
CRO
|
0.90394974 |
details, prediction |
Monero
XMR
|
0.88777626 |
details, prediction |
|
Second tier
|
Basic Attention Token
BAT
|
0.98469496 |
details, prediction |
Decentraland
MANA
|
0.9842366 |
details, prediction |
Synthetix Network Token
SNX
|
0.98018956 |
details, prediction |
Status
SNT
|
0.9777227 |
details, prediction |
Horizen
ZEN
|
0.9760403 |
details, prediction |
|
Third tier
|
Civic
CVC
|
0.9867017 |
details, prediction |
Lisk
LSK
|
0.97832614 |
details, prediction |
SwftCoin
SWFTC
|
0.9777852 |
details, prediction |
ICON
ICX
|
0.9690197 |
details, prediction |
ARK
ARK
|
0.96867585 |
details, prediction |
This report should be leaned to get most info about heading trends.
It means that PIVX 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 PIVX
Low correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
TRON
TRX
|
-0.70590603 |
details, prediction |
UNUS SED LEO
LEO
|
0.21257204 |
details, prediction |
ZCash
ZEC
|
0.5257434 |
details, prediction |
Binance Coin
BNB
|
0.64943236 |
details, prediction |
Ethereum
ETH
|
0.73954624 |
details, prediction |
|
Second tier
|
Dai
DAI
|
-0.36296013 |
details, prediction |
Decred
DCR
|
-0.24553046 |
details, prediction |
True USD
TUSD
|
0.21659419 |
details, prediction |
Nexo
NEXO
|
0.42716345 |
details, prediction |
Algorand
ALGO
|
0.49563524 |
details, prediction |
|
Third tier
|
Kambria
KAT
|
-0.38925388 |
details, prediction |
Ontology
ONT
|
-0.34114677 |
details, prediction |
Enjin Coin
ENJ
|
-0.030213293 |
details, prediction |
OPEN Platform
OPEN
|
0.010045049 |
details, prediction |
HEROcoin
PLAY
|
0.041223537 |
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)