Highly correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
KuCoin Shares
KCS
|
0.25804403 |
details, prediction |
Ethereum
ETH
|
0.19492605 |
details, prediction |
Litecoin
LTC
|
0.15718164 |
details, prediction |
Bitcoin Cash
BCH
|
0.15101115 |
details, prediction |
ChainLink
LINK
|
0.11160998 |
details, prediction |
|
Second tier
|
Bitcoin SV
BSV
|
0.31290445 |
details, prediction |
True USD
TUSD
|
0.28574428 |
details, prediction |
HoloToken
HOT
|
0.25132012 |
details, prediction |
Decentraland
MANA
|
0.2052694 |
details, prediction |
aelf
ELF
|
0.13699287 |
details, prediction |
|
Third tier
|
SysCoin
SYS
|
0.5181627 |
details, prediction |
NKN
NKN
|
0.51517564 |
details, prediction |
Matrix AI Network
MAN
|
0.46372753 |
details, prediction |
Phantasma
SOUL
|
0.41704723 |
details, prediction |
FunFair
FUN
|
0.31005773 |
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
|
Binance Coin
BNB
|
-0.18791601 |
details, prediction |
Stellar
XLM
|
-0.1315246 |
details, prediction |
Dogecoin
DOGE
|
-0.1077476 |
details, prediction |
ZCash
ZEC
|
-0.084503345 |
details, prediction |
TRON
TRX
|
-0.08298891 |
details, prediction |
|
Second tier
|
OriginTrail
TRAC
|
-0.5557434 |
details, prediction |
Dai
DAI
|
-0.26899594 |
details, prediction |
Cosmos
ATOM
|
-0.25922444 |
details, prediction |
Telcoin
TEL
|
-0.2368831 |
details, prediction |
Ardor
ARDR
|
-0.22811797 |
details, prediction |
|
Third tier
|
HEROcoin
PLAY
|
-0.29864147 |
details, prediction |
Chronobank
TIME
|
-0.28616917 |
details, prediction |
Stox
STX
|
-0.17687157 |
details, prediction |
Constellation
DAG
|
-0.14438431 |
details, prediction |
OPEN Platform
OPEN
|
-0.13209645 |
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)