Highly correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
Bitcoin Cash
BCH
|
0.835891 |
details, prediction |
Crypto.com Chain
CRO
|
0.74006206 |
details, prediction |
Cardano
ADA
|
0.60973895 |
details, prediction |
XRP
XRP
|
0.24613233 |
details, prediction |
KuCoin Shares
KCS
|
0.16104092 |
details, prediction |
|
Second tier
|
Verge
XVG
|
0.9006021 |
details, prediction |
Siacoin
SC
|
0.8479538 |
details, prediction |
Waves
WAVES
|
0.846031 |
details, prediction |
Theta Fuel
TFUEL
|
0.83359534 |
details, prediction |
Ardor
ARDR
|
0.797016 |
details, prediction |
|
Third tier
|
Loopring
LRC
|
0.9471933 |
details, prediction |
SysCoin
SYS
|
0.87131006 |
details, prediction |
SingularityNET
AGI
|
0.8309236 |
details, prediction |
Komodo
KMD
|
0.8161297 |
details, prediction |
IoTeX
IOTX
|
0.81075263 |
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
|
UNUS SED LEO
LEO
|
-0.98171574 |
details, prediction |
TRON
TRX
|
-0.803751 |
details, prediction |
Monero
XMR
|
-0.71111095 |
details, prediction |
Bitcoin
BTC
|
-0.67852145 |
details, prediction |
ZCash
ZEC
|
-0.67339706 |
details, prediction |
|
Second tier
|
OriginTrail
TRAC
|
-0.5532839 |
details, prediction |
Algorand
ALGO
|
-0.49147934 |
details, prediction |
DASH
DASH
|
-0.43879792 |
details, prediction |
Synthetix Network Token
SNX
|
-0.39658478 |
details, prediction |
Telcoin
TEL
|
-0.38685235 |
details, prediction |
|
Third tier
|
V Systems
VSYS
|
-0.72962624 |
details, prediction |
OPEN Platform
OPEN
|
-0.6182688 |
details, prediction |
HEROcoin
PLAY
|
-0.5650249 |
details, prediction |
Enjin Coin
ENJ
|
-0.48554713 |
details, prediction |
Bancor
BNT
|
-0.4447402 |
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)