Highly correlated currencies
Coin |
Correlation |
Links |
First tier
|
Chiliz
CHZ
|
0.7100207 |
details, prediction |
SONM
SNM
|
0.70944566 |
details, prediction |
Maker
MKR
|
0.700852 |
details, prediction |
Fantom
FTM
|
0.68880475 |
details, prediction |
Cosmos
ATOM
|
0.67143065 |
details, prediction |
Second tier
|
Nexo
NEXO
|
0.7804937 |
details, prediction |
Ethos (Bitquence)
BQX
|
0.76184464 |
details, prediction |
Waves
WAVES
|
0.75098205 |
details, prediction |
Horizen
ZEN
|
0.7325229 |
details, prediction |
iEx.ec
RLC
|
0.7268794 |
details, prediction |
Third tier
|
BABB
BAX
|
0.8129205 |
details, prediction |
AventCoin
AVT
|
0.8031606 |
details, prediction |
Quantum Resistant Ledger
QRL
|
0.7956645 |
details, prediction |
Dynamic Trading Rights
DTR
|
0.7745735 |
details, prediction |
PIVX
PIVX
|
0.7726188 |
details, prediction |
This report should be leaned to get most info about heading trends.
It means that ProChain 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 ProChain
Low correlated currencies
Coin |
Correlation |
Links |
First tier
|
UNUS SED LEO
LEO
|
-0.34747964 |
details, prediction |
Stellar
XLM
|
0.15215269 |
details, prediction |
Theta
THETA
|
0.19994377 |
details, prediction |
Crypto.com Chain
CRO
|
0.3064842 |
details, prediction |
Cardano
ADA
|
0.34730622 |
details, prediction |
Second tier
|
DigiByte
DGB
|
-0.17477259 |
details, prediction |
BORA
BORA
|
-0.15416689 |
details, prediction |
Status
SNT
|
-0.14215668 |
details, prediction |
OriginTrail
TRAC
|
-0.07407301 |
details, prediction |
AMO Coin
AMO
|
-0.06751076 |
details, prediction |
Third tier
|
DubaiCoin
DBIX
|
-0.837044 |
details, prediction |
Dether
DTH
|
-0.7470897 |
details, prediction |
Streamr DATAcoin
DATA
|
-0.4814933 |
details, prediction |
Numerai
NMR
|
-0.4720827 |
details, prediction |
Curecoin
CURE
|
-0.4489036 |
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)