Highly correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
Crypto.com Chain
CRO
|
0.9249117 |
details, prediction |
Bitcoin Cash
BCH
|
0.92004156 |
details, prediction |
Cardano
ADA
|
0.8825341 |
details, prediction |
Litecoin
LTC
|
0.87631506 |
details, prediction |
Ethereum
ETH
|
0.8719532 |
details, prediction |
|
Second tier
|
Decred
DCR
|
0.94994706 |
details, prediction |
Verge
XVG
|
0.9387364 |
details, prediction |
Siacoin
SC
|
0.9267438 |
details, prediction |
Theta Fuel
TFUEL
|
0.9230217 |
details, prediction |
Bitcoin Gold
BTG
|
0.9226546 |
details, prediction |
|
Third tier
|
SingularityNET
AGI
|
0.9610756 |
details, prediction |
Steem
STEEM
|
0.9520342 |
details, prediction |
Gas
GAS
|
0.9489473 |
details, prediction |
Lisk
LSK
|
0.9268399 |
details, prediction |
LAToken
LA
|
0.92675596 |
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
|
Stellar
XLM
|
-0.6115737 |
details, prediction |
ZCash
ZEC
|
-0.2927566 |
details, prediction |
TRON
TRX
|
-0.15392132 |
details, prediction |
Binance Coin
BNB
|
0.43874764 |
details, prediction |
Monero
XMR
|
0.46601093 |
details, prediction |
|
Second tier
|
USD//Coin
USDC
|
-0.6929283 |
details, prediction |
Dai
DAI
|
-0.5762146 |
details, prediction |
True USD
TUSD
|
-0.57222885 |
details, prediction |
Telcoin
TEL
|
-0.35602674 |
details, prediction |
OriginTrail
TRAC
|
-0.09371655 |
details, prediction |
|
Third tier
|
Chronobank
TIME
|
-0.66539377 |
details, prediction |
V Systems
VSYS
|
-0.15310958 |
details, prediction |
Matrix AI Network
MAN
|
-0.15079068 |
details, prediction |
Propy
PRO
|
-0.0357947 |
details, prediction |
OPEN Platform
OPEN
|
0.13773838 |
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)