Highly correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
Litecoin
LTC
|
0.9485351 |
details, prediction |
Ethereum
ETH
|
0.93062675 |
details, prediction |
KuCoin Shares
KCS
|
0.9287787 |
details, prediction |
Cardano
ADA
|
0.9246618 |
details, prediction |
XRP
XRP
|
0.9092884 |
details, prediction |
|
Second tier
|
Status
SNT
|
0.9643345 |
details, prediction |
Decentraland
MANA
|
0.95705074 |
details, prediction |
NEO
NEO
|
0.9420689 |
details, prediction |
Zilliqa
ZIL
|
0.9396674 |
details, prediction |
Vechain
VET
|
0.93949777 |
details, prediction |
|
Third tier
|
Internet of Services
IOST
|
0.9564557 |
details, prediction |
Civic
CVC
|
0.95264673 |
details, prediction |
Lisk
LSK
|
0.9505123 |
details, prediction |
QuarkChain
QKC
|
0.94286543 |
details, prediction |
ARK
ARK
|
0.9428387 |
details, prediction |
This report should be leaned to get most info about heading trends.
It means that Power Ledger 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 Power Ledger
Low correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
Stellar
XLM
|
-0.5415993 |
details, prediction |
UNUS SED LEO
LEO
|
-0.34102264 |
details, prediction |
TRON
TRX
|
-0.1493572 |
details, prediction |
ZCash
ZEC
|
-0.057856806 |
details, prediction |
Binance Coin
BNB
|
0.33452863 |
details, prediction |
|
Second tier
|
Dai
DAI
|
-0.60574234 |
details, prediction |
USD//Coin
USDC
|
-0.5695889 |
details, prediction |
OriginTrail
TRAC
|
-0.43706962 |
details, prediction |
True USD
TUSD
|
-0.24758555 |
details, prediction |
Telcoin
TEL
|
-0.20013751 |
details, prediction |
|
Third tier
|
FunFair
FUN
|
-0.4718217 |
details, prediction |
V Systems
VSYS
|
-0.050253496 |
details, prediction |
OPEN Platform
OPEN
|
-0.047843665 |
details, prediction |
Komodo
KMD
|
0.086659394 |
details, prediction |
HEROcoin
PLAY
|
0.10498884 |
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)