Highly correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
Ethereum Classic
ETC
|
0.8216347 |
details, prediction |
Dogecoin
DOGE
|
0.78267044 |
details, prediction |
Stellar
XLM
|
0.7717119 |
details, prediction |
Bitcoin Cash
BCH
|
0.5947835 |
details, prediction |
KuCoin Shares
KCS
|
0.5834987 |
details, prediction |
|
Second tier
|
NEO
NEO
|
0.90440357 |
details, prediction |
Tezos
XTZ
|
0.89025986 |
details, prediction |
Status
SNT
|
0.8801174 |
details, prediction |
Siacoin
SC
|
0.8798222 |
details, prediction |
Basic Attention Token
BAT
|
0.8746175 |
details, prediction |
|
Third tier
|
ARK
ARK
|
0.9482242 |
details, prediction |
Civic
CVC
|
0.9403163 |
details, prediction |
Steem
STEEM
|
0.91692466 |
details, prediction |
Kyber Network
KNC
|
0.91067636 |
details, prediction |
PIVX
PIVX
|
0.9024274 |
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
|
Monero
XMR
|
-0.20511672 |
details, prediction |
Ethereum
ETH
|
-0.105176814 |
details, prediction |
ChainLink
LINK
|
-0.10386513 |
details, prediction |
ZCash
ZEC
|
9.370931E-4 |
details, prediction |
TRON
TRX
|
0.1175195 |
details, prediction |
|
Second tier
|
Dai
DAI
|
-0.76506674 |
details, prediction |
DigiByte
DGB
|
-0.4114269 |
details, prediction |
Bitcoin SV
BSV
|
-0.16654554 |
details, prediction |
Decred
DCR
|
0.010595102 |
details, prediction |
USD//Coin
USDC
|
0.015923532 |
details, prediction |
|
Third tier
|
NKN
NKN
|
-0.45721182 |
details, prediction |
V Systems
VSYS
|
-0.42010272 |
details, prediction |
Propy
PRO
|
-0.3436759 |
details, prediction |
Phantasma
SOUL
|
-0.018445112 |
details, prediction |
Hydro Protocol
HOT
|
0.014401515 |
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)