Highly correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
ChainLink
LINK
|
0.4487709 |
details, prediction |
Stellar
XLM
|
0.41984078 |
details, prediction |
Crypto.com Chain
CRO
|
0.40427837 |
details, prediction |
Cardano
ADA
|
0.354164 |
details, prediction |
Litecoin
LTC
|
0.31910256 |
details, prediction |
|
Second tier
|
Nexo
NEXO
|
0.7511064 |
details, prediction |
HoloToken
HOT
|
0.66040677 |
details, prediction |
Decred
DCR
|
0.53269786 |
details, prediction |
EOS
EOS
|
0.45736068 |
details, prediction |
Cosmos
ATOM
|
0.44937128 |
details, prediction |
|
Third tier
|
Streamr DATAcoin
DATA
|
0.8123661 |
details, prediction |
Dent
DENT
|
0.7693612 |
details, prediction |
Kambria
KAT
|
0.7666385 |
details, prediction |
Steem
STEEM
|
0.68902576 |
details, prediction |
Hydro Protocol
HOT
|
0.63788205 |
details, prediction |
This report should be leaned to get most info about heading trends.
It means that Propy 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 Propy
Low correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
TRON
TRX
|
-0.33222723 |
details, prediction |
ZCash
ZEC
|
-0.13371755 |
details, prediction |
Binance Coin
BNB
|
-0.060244594 |
details, prediction |
KuCoin Shares
KCS
|
0.02028331 |
details, prediction |
Dogecoin
DOGE
|
0.11138746 |
details, prediction |
|
Second tier
|
True USD
TUSD
|
-0.40077585 |
details, prediction |
Dai
DAI
|
-0.39892507 |
details, prediction |
Zilliqa
ZIL
|
0.043833006 |
details, prediction |
Algorand
ALGO
|
0.07177852 |
details, prediction |
Ardor
ARDR
|
0.10684221 |
details, prediction |
|
Third tier
|
HEROcoin
PLAY
|
-0.7389465 |
details, prediction |
Ontology
ONT
|
-0.31228054 |
details, prediction |
Constellation
DAG
|
-0.27637407 |
details, prediction |
Enjin Coin
ENJ
|
-0.12496698 |
details, prediction |
Gas
GAS
|
-0.07290462 |
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)