Highly correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
Cardano
ADA
|
0.8796876 |
details, prediction |
Crypto.com Chain
CRO
|
0.8570134 |
details, prediction |
Bitcoin Cash
BCH
|
0.8338595 |
details, prediction |
Ethereum Classic
ETC
|
0.78988737 |
details, prediction |
XRP
XRP
|
0.7486659 |
details, prediction |
|
Second tier
|
Bitcoin Gold
BTG
|
0.92649305 |
details, prediction |
Siacoin
SC
|
0.92188066 |
details, prediction |
Theta Fuel
TFUEL
|
0.91636187 |
details, prediction |
IOTA
IOT
|
0.9152177 |
details, prediction |
Telcoin
TEL
|
0.91472125 |
details, prediction |
|
Third tier
|
SysCoin
SYS
|
0.96951467 |
details, prediction |
SingularityNET
AGI
|
0.96383613 |
details, prediction |
Internet of Services
IOST
|
0.9310294 |
details, prediction |
IoTeX
IOTX
|
0.92022425 |
details, prediction |
Loopring
LRC
|
0.90954024 |
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
|
-0.70441514 |
details, prediction |
ZCash
ZEC
|
-0.25811273 |
details, prediction |
UNUS SED LEO
LEO
|
-0.08441062 |
details, prediction |
Bitcoin
BTC
|
-0.032352835 |
details, prediction |
Ethereum
ETH
|
0.046921812 |
details, prediction |
|
Second tier
|
Nexo
NEXO
|
-0.5806281 |
details, prediction |
Algorand
ALGO
|
-0.25750694 |
details, prediction |
HoloToken
HOT
|
-0.22953072 |
details, prediction |
Bitcoin SV
BSV
|
-0.16763517 |
details, prediction |
Decred
DCR
|
0.008771146 |
details, prediction |
|
Third tier
|
OPEN Platform
OPEN
|
-0.64156646 |
details, prediction |
Enjin Coin
ENJ
|
-0.53296244 |
details, prediction |
Kambria
KAT
|
-0.4813596 |
details, prediction |
Ontology
ONT
|
-0.48094177 |
details, prediction |
V Systems
VSYS
|
-0.34506455 |
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)