Highly correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
ChainLink
LINK
|
0.90560114 |
details, prediction |
Ethereum Classic
ETC
|
0.89964175 |
details, prediction |
Crypto.com Chain
CRO
|
0.89493215 |
details, prediction |
Cardano
ADA
|
0.8945193 |
details, prediction |
ZCash
ZEC
|
0.8663691 |
details, prediction |
|
Second tier
|
Decentraland
MANA
|
0.990304 |
details, prediction |
Horizen
ZEN
|
0.9840128 |
details, prediction |
QTUM
QTUM
|
0.9815181 |
details, prediction |
FTX Token
FTT
|
0.97780895 |
details, prediction |
Telcoin
TEL
|
0.97648585 |
details, prediction |
|
Third tier
|
Storj
STORJ
|
0.9865537 |
details, prediction |
SwftCoin
SWFTC
|
0.9849205 |
details, prediction |
ICON
ICX
|
0.9844531 |
details, prediction |
AdEx
ADX
|
0.97832435 |
details, prediction |
PIVX
PIVX
|
0.97731185 |
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
|
TRON
TRX
|
-0.4889789 |
details, prediction |
UNUS SED LEO
LEO
|
0.30039984 |
details, prediction |
Binance Coin
BNB
|
0.31217134 |
details, prediction |
Dogecoin
DOGE
|
0.50931823 |
details, prediction |
XRP
XRP
|
0.6362509 |
details, prediction |
|
Second tier
|
Dai
DAI
|
-0.532499 |
details, prediction |
Decred
DCR
|
-0.19566272 |
details, prediction |
True USD
TUSD
|
0.028351525 |
details, prediction |
Verge
XVG
|
0.24608509 |
details, prediction |
Zilliqa
ZIL
|
0.36215484 |
details, prediction |
|
Third tier
|
HEROcoin
PLAY
|
-0.3821104 |
details, prediction |
Constellation
DAG
|
-0.12624791 |
details, prediction |
BABB
BAX
|
-0.0688954 |
details, prediction |
Dero
DERO
|
-0.06694388 |
details, prediction |
Dent
DENT
|
0.35328126 |
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)